

Your shares will be electronically transferred to the Financial Institution generally within 48 hours of the receipt of your Authorization Form, properly completed. Your financial institution will be able to assist you in completing the Form. The Form, properly completed and signed by all registered holders with the signature(s) guaranteed should be returned to Computershare, formerly known as EquiServe, at the address show on the book entry statement you received on or near May 26, 1999.
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The service charge per sale is $15.00 plus brokerage commission (currently $0.10 per share). You may sell your shares directly through the transfer agent.

You may liquidate (sell) your shares using one of the following procedures: How can I sell my book entry shares or receive a stock certificate for the shares?

If a stockholder preferred a stock certificate instead of a book entry stock split credit, the stockholder could request one anytime after a split payable date. For example, the stock split record date for our last stock split was and split shares were credited to stockholders via book entry on the payable date of May 26, 1999. Stock split shares are credited to stockholder accounts on the payable date for the stock split. For stock splits prior to 1997, shares were delivered in certificate form and the stock certificates were mailed directly to the address of record for each stockholder. IBM delivered stock split shares in 19 (the last two stock splits) using book entry. How and when are stock split shares delivered? The stock split does not change your proportionate interest in the company. You may also contact Computershare via email at Does a stock split change my equity in IBM? Call Computershare to obtain more information before sending your certificates.

The shares will be added to your balance of shares being held in book entry form. Stock certificates for shares of IBM common stock that you are currently holding can be deposited with Computershare for safekeeping.
