REDMOND, WA, November 12, 1996 — Microsoft Corporation today announced that its Board of Directors approved a 2-for-1 stock split. Shareholders will receive one additional share for every share held on the record date of November 22, 1996.
“We’re pleased that customers continue to find our products compelling and innovative, and have rewarded us with good earnings and a good stock price,” said Mike Brown, Chief Financial Officer. “This is the sixth time the stock has split since the company went public on March 13, 1986. This split should make our stock more accessible to a broader base of investors.”
As of October 31, 1996, Microsoft had approximately 600 million shares outstanding. Upon completion of the split, the number will increase to approximately 1.2 billion shares outstanding. The additional shares will be mailed or delivered on or about December 6, 1996 by the Company’s transfer agent, Chase/Mellon Shareholder Services L.L.C.
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software for personal computers. The company offers a wide range of products and services for business and personal use, each designed with the mission of making it easier and more enjoyable for people to take advantage of the full power of personal computing every day.
For more information, press only: Tom Pilla or John Pinette, Microsoft, (206) 882-8080 Shelby Barnes, Waggener-Edstrom (503) 443-7000 For more information, analysts only: Carla Lewis, Senior Director, Investor Relations (206) 936-3703 or visit the Microsoft Financial home page at http://www.microsoft.com/msft/