Dividend payments : Dividend reinvestment

Dividend Reinvestment is a feature of the IBM Investor Services Program and reinvestment provides IBM stockholders with a convenient and simple method of purchasing additional shares. You must be a stockholder of record to participate in the IBM Dividend Reinvestment option.

Using the IBM Dividend Reinvestment enrollment form obtainable from Computershare (see contact information), you can authorize Computershare to reinvest all or a portion of your dividends in additional IBM shares. You will have the option of investing the total dividend paid on your IBM common stock or you can indicate on the Form the number of shares on which a dividend should be paid to you by check. The dividend on the remaining shares in your account will be reinvested by Computershare. Dividend Reinvestment participants pay an investment fee of 2% of the dividend being reinvested up to a maximum of $3.00 per reinvestment.