EXHIBIT (iv) Page 1 of 3 PITNEY BOWES INC. SUBSIDIARIES OF THE REGISTRANT The Registrant, Pitney Bowes Inc., a Delaware Corporation, has no parent. The following are subsidiaries of the Registrant (as of December 31, 1994) Country or state of Company name incorporation Adrema Leasing Corporation Delaware Adrema Maschinen und Auto-Leasing GmbH Germany Adrema Maschinenbau Inc. Delaware Adrema Mobilien Leasing GmbH Germany Andeen Enterprises, Inc. Panama Artec International Corporation California Atlantic Mortgage & Investment Corporation Florida B. Williams Corp. Delaware Canadian Office Services Ltd. Canada Cascade Microfilm Systems, Inc. California Chas. P. Young Health Fitness & Management, Inc. New York Colonial Pacific Leasing Corporation Massachusetts Datarite Systems Ltd. England Dictaphone Canada Ltd./Ltee. Canada Dictaphone Company Ltd. England Dictaphone Corporation Delaware Dictaphone Deutschland GmbH Germany Dictaphone International A.G. Switzerland Dictaphone Netherlands B.V. Netherlands Dodwell Pitney Bowes K.K. (50% owned) Japan DSP Inc. Connecticut ECL Finance Company, N.V. Netherlands Elmcroft Road Realty Corporation Connecticut Harlow Aircraft Inc. Delaware Informatech California La Agricultora Ecuatoriana S.A. Ecuador Monarch Marking Systems Australia Pty. Ltd. Australia Monarch Marking Systems de Mexico S.A. de C.V. Mexico Monarch Marking Systems, Inc. Delaware Monarch Marking Systems Ltd. Canada Monarch Marking Systems N.Z. Ltd. New Zealand Monarch Marking (S.E.A.) Pte. Ltd.(55% owned) Singapore Monarch Service Bureau Limited Hong Kong Norlin Australia Investment Pty. Ltd. Australia Norlin Industries Limited Canada Norlin Music (U.K.) Ltd. England PB Forms, Inc. Nebraska PB Funding Corporation Delaware PB Global Holdings Inc. Connecticut PB Global Holdings II Inc. Connecticut PB Global Holdings III Inc. Connecticut EXHIBIT (iv) Page 2 of 3 SUBSIDIARIES OF THE REGISTRANT (continued) Country or state of Company name incorporation PB Global Holdings IV Inc. Connecticut PB Leasing Corporation Delaware PB Leasing International Corporation Delaware PB Leasing Services Inc. Nevada PBA Foreign Sales Corporation Barbados PB World Trade Corporation (Disc) Delaware PB CFSC I Inc. Virgin Islands PBL Holdings Inc. Nevada PB Nikko FSC Ltd. Bermuda PB Nihon FSC Ltd. Bermuda Pickering Canada Pty. Limited Australia Pitney Bowes AG Switzerland Pitney Bowes Australia Pty. Limited Australia Pitney Bowes Australia FAS Pty. Ltd. Australia Pitney Bowes Austria Ges.m.b.H Austria Pitney Bowes of Canada Ltd. Canada Pitney Bowes China Inc. Delaware Pitney Bowes Credit Australia Limited Australia Pitney Bowes Credit Corporation Delaware Pitney Bowes Data Systems, Ltd. England Pitney Bowes de Mexico, S.A. de C.V. Mexico Pitney Bowes Deutschland GmbH Germany Pitney Bowes Espana, S.A. Spain Pitney Bowes Finance S.A. France Pitney Bowes Finans Norway AS Norway Pitney Bowes Finance PLC England Pitney Bowes France S.A. France Pitney Bowes Holdings Ltd. England Pitney Bowes Holding SNC France Pitney Bowes Hong Kong Inc. Delaware Pitney Bowes Insurance Agency, Inc. Connecticut Pitney Bowes International Ireland Pitney Bowes Italia S.r.l. Italy Pitney Bowes (Ireland) Limited Ireland Pitney Bowes Leasing Ltd. Canada Pitney Bowes Locations S.A. France Pitney Bowes Management Services, Inc. Delaware Pitney Bowes Management Services Canada, Inc. Canada Pitney Bowes Management Services Limited England Pitney Bowes Marking Systems Ltd. Delaware Pitney Bowes Marking Systems Ltd. England Pitney Bowes Oy Finland Pitney Bowes plc England Pitney Bowes Properties Inc. Connecticut Pitney Bowes Real Estate Financing Corporation Delaware Pitney Bowes Servicios, S.A. de C.V. Mexico Pitney Bowes Shelton Realty Inc. Connecticut Pitney Bowes Svenska Aktiebolag Sweden EXHIBIT (iv) Page 3 of 3 SUBSIDIARIES OF THE REGISTRANT (continued) Country or state of Company name incorporation Pitney Bowes World Trade Corporation (FSC) Virgin Islands PREFCO I Inc. Delaware PREFCO I LP Inc. Delaware PREFCO II Inc. Delaware PREFCO II LP Inc. Delaware PREFCO III Inc. Delaware PREFCO III LP Inc. Delaware PREFCO IV Inc. Delaware PREFCO IV LP Inc. Delaware PREFCO V Inc. Delaware PREFCO V LP Inc. Delaware PREFCO VI Inc. Delaware PREFCO VI LP Inc. Delaware PREFCO VII Inc. Delaware PREFCO VII LP Inc. Delaware PREFCO VIII Inc. Delaware PREFCO VIII LP Inc. Delaware PREFCO IX Inc. Delaware PREFCO IX LP Inc. Delaware PREFCO X Inc. Delaware PREFCO X LP Inc. Delaware PREFCO XI Inc. Delaware PREFCO XI LP Inc. Delaware PREFCO XII Inc. Delaware PREFCO XII LP Inc. Delaware PREFCO XIII Inc. Delaware PREFCO XIII LP Inc. Delaware PREFCO XIV Inc. Delaware PREFCO XIV LP Inc. Delaware PREFCO XV Inc. Delaware PREFCO XV LP Inc. Delaware RE Properties Management Corporation Delaware Remington Customer Finance Pty. Limited Australia Remington (PNG) Pty. Limited Papua New Guinea Remington Pty. Limited Australia ROM Holdings Pty. Limited Australia ROM Securities Pty. Limited Australia Sales and Service Training Center Inc. Georgia TECO/Pitney Bowes Co., Ltd. (50% owned) Taiwan Time-Sensitive Delivery Guide Inc. Delaware Tower FSC, Ltd. Bermuda Universal Postal Frankers Ltd. England Walnut Street Corp. Delaware 1136 Corporation Delaware 75 V Corp. Delaware