IBM Board Approves Regular Quarterly Cash Dividend

The IBM (NYSE: IBM) board of directors today declared a regular
quarterly cash dividend of $.40 per common share, payable March 10,
2008 to stockholders of record February 8, 2008. With the payment of
the March 10 dividend, IBM will have paid 369 consecutive quarterly
dividends, starting in 1916.

IBM also announced today that at its annual meeting in 2009, the
Company intends to seek stockholder approval to amend its certificate
of incorporation to provide for majority voting for directors in
uncontested elections. The Company will implement majority voting at
an earlier date if there is a change in applicable law that would
allow the Company to do so without stockholder approval.

In addition, IBM announced that its annual meeting of stockholders
will be held April 29, 2008 at the Charlotte Convention Center in
Charlotte, North Carolina.