Microsoft Declares Regular Quarterly Dividend on Preferred Shares

REDMOND, Wash., Nov. 18, 1997 — Microsoft Corp. today announced it has declared a dividend of $0.549 per share of its 2-3/4 percent Convertible Exchangeable Principal-Protected Preferred Shares, Series A, to holders of record on Dec. 1, 1997. The dividend will be paid on Dec. 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.

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