EXHIBIT II
PARENTS AND SUBSIDIARIES
PERCENTAGE OF
STATE OR COUNTRY VOTING SECURITIES
OF INCORPORATION OWNED BY ITS
OR ORGANIZATION IMMEDIATE PARENT
-------------------- ---------------------
Registrant:
International Business Machines Corporation....................... New York
Subsidiaries:
IBM Credit Corporation............................................ Delaware 100
Integrated Systems Solutions Corp................................. Delaware 100
Altium............................................................ California 100
Metaphor.......................................................... Delaware 100
IBM World Trade Corporation....................................... Delaware 100
IBM Americas/Far East Systems Corporation...................... Delaware 100
IBM Asia Pacific Service Corporation........................... Japan 100
IBM China/Hong Kong Corporation................................ Delaware 100
IBM World Trade Venture Corporation............................ Delaware 100
IBM World Trade Asia Corporation............................... Delaware 100
WTC Insurance Corporation, Ltd. ............................... Bermuda 100
IBM Foreign Sales Corporation, Ltd. ........................... Jamaica 100
IBM Argentina, S.A. ........................................... Argentina 100(F)
IBM Australia Ltd. ............................................ Australia 100
IBM Bahamas Ltd. .............................................. Bahamas 100
IBM de Bolivia, S.A. .......................................... Bolivia 100
IBM Brasil-Industria, Maquinas e Servicos Ltda................. Brazil 100(F)
IBM Canada Limited--IBM Canada Limitee......................... Canada 100
IBM China Company Limited...................................... China 100
IBM de Chile S.A.C............................................. Chile 90(I)
IBM de Colombia, S.A. ......................................... Colombia 90(E)
IBM del Ecuador, C.A........................................... Ecuador 100
IBM Southeast Asia Services Ltd. .............................. Hong Kong 100
IBM Japan, Ltd. ............................................... Japan 100
IBM Korea, Inc. ............................................... Korea (South) 100
IBM de Mexico, S.A. ........................................... Mexico 100(B)
IBM New Zealand Ltd. .......................................... New Zealand 100
IBM del Peru, S.A. ............................................ Peru 100
IBM Latin American Region S.A. ................................ Peru 100
IBM World Trade Asia-Pacific Corp.............................. Philippines 100(B)
IBM Philippines, Incorporated.................................. Philippines 100(B)
IBM Singapore Pte. Ltd. ....................................... Singapore 100
IBM Taiwan Corporation......................................... Taiwan 100
IBM Thailand Company Ltd. ..................................... Thailand 100(B)
IBM del Uruguay, S.A. ......................................... Uruguay 100
IBM de Venezuela, S.A. ........................................ Venezuela 100
IBM World Trade Europe/Middle East/
Africa Corporation.......................................... Delaware 100
IBM Trade Development Inc. ................................. Delaware 100
IBM Eastern Europe Inc. .................................... Delaware 100
IBM Oesterreich, Internationale Bueromaschinen Gesellschaft
m.b.H. ..................................................... Austria 100
PARENTS AND SUBSIDIARIES--(CONTINUED)
PERCENTAGE OF
STATE OR COUNTRY VOTING SECURITIES
OF INCORPORATION OWNED BY ITS
OR ORGANIZATION IMMEDIATE PARENT
-------------------- ---------------------
IBM World Trade Europe/Middle East/
Africa Corporation (continued)
International Business Machines of Belgium S.A. ............ Belgium 100(B)
IBM Ceska Republika spol. s.r.o. ........................... Czech Republic 100
IBM Slovensko spol. s.r.o. ................................. Slovak Republic 100
IBM Danmark A/S............................................. Denmark 52(G)
Oy International Business Machines Ab....................... Finland 75(G)
Compagnie IBM France, S.A. ................................. France 100(B)
IBM Eurocoordination, S.A. ................................. France -- (C)
IBM Distribution and Support, S.A. ......................... France 100(B)
IBM Europe, S.A. ........................................... France 100(B)
IBM Trade Development, S.A. ................................ France 100(B)
IBM Beteiligungs GmbH....................................... Germany 100
IBM Deutschland GmbH........................................ Germany 72(H)
International Business Machines Corporation Magyarorszagi
Kft......................................................... Hungary 100
IBM Ireland Ltd. ........................................... Ireland 100(D)
IBM SEMEA S.p.A. ........................................... Italy 100
IBM Hellas Information Handling Systems S.A. ............ Greece 100(D)
IBM Israel Ltd. ......................................... Israel 100(D)
Companhia IBM Portuguesa, S.A. .......................... Portugal 100(B)
IBM (International Business Machines) Turk Ltd.
Sirketi.................................................. Turkey 100(A)
IBM Nederland, N.V. ........................................ Netherlands 100
IBM International Finance N.V............................ Netherlands 100
IBM Polska Sp. z.o.o. ...................................... Poland 100
International Business Machines A/S......................... Norway 60(G)
IBM East Europe/Asia Ltd. .................................. Russia 100(D)
IBM Slovenija d.o.o. ....................................... Slovenia 100
International Business Machines, S.A. ...................... Spain 100(B)
IBM Nordic Aktiebolag....................................... Sweden 100
IBM Svenska Aktiebolag................................... Sweden 100
IBM (Schweiz)--IBM (Suisse)--IBM (Svizzera)--
IBM (Switzerland)........................................ Switzerland 100
IBM United Kingdom Holdings Ltd. ........................... United Kingdom 100
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(A) Minor percentage owned by IBM World Trade Europe/Middle East/Africa Corporation.
(B) Minor percentage held by other shareholders, subject to repurchase option.
(C) IBM Eurocoordination, S.A. is owned approximately 14% each by subsidiaries located in France, Germany, Italy
and the United Kingdom and approximately 4% each by subsidiaries located in Austria, Belgium, Denmark,
Finland, Ireland, Netherlands, Norway, Portugal, Spain, Sweden and Switzerland and by six other minority
shareholders.
(D) Minor percentage owned by IBM World Trade Corporation.
(E) Remaining percentage owned by IBM World Trade Asia Corporation.
(F) Minor percentage owned by IBM Americas/Far East Systems Corporation.
(G) IBM Nordic Aktiebolag (100% owned by IBM World Trade Europe/Middle East/Africa Corporation) owns the
remaining percentage.
(H) IBM World Trade Corporation owns 10% and IBM Beteiligungs GmbH owns 18%.
(I) Remaining percentage owned by IBM Americas/Far East Systems Corporation.