Microsoft Declares Regular Quarterly Dividend on Preferred Shares

Redmond, Washington, May 15, 1997 — Microsoft Corporation announced that it has declared a dividend of $0.549 per share to holders of record on June 1, 1997 of its 2-3/4% Convertible Exchangeable Principal-Protected Preferred Shares, Series A. The dividend will be paid on June 15, 1997.

In December 1996, Microsoft issued $1 billion of Convertible Exchangeable Principal-Protected Preferred Shares. It was announced at that time that the proceeds were expected to be used to repurchase common shares and for general corporate purposes.

Founded in 1975, Microsoft (NASDAQ
) 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.

Copyright 1997 Microsoft Corporation. All rights reserved.

For More Information, Analysts Only:
Carla Lewis, Senior Director, Investor Relations (425) 936-3703

For More Information, Press Only:
Tom Pilla, Microsoft Corporation, (425) 882-8080 Heidi Rothauser, Waggener Edstrom, (425) 637-9097

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