EX-21 8 a2166922zex-21.htm EXHIBIT 21
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EXHIBIT 21


INTERNATIONAL BUSINESS MACHINES CORPORATION SUBSIDIARIES

Subsidiaries—as of December 31, 2005

Company Name
   State or country of
incorporation or organization
   Voting % owned by immediate
parent
   Notes
IBM Credit LLC   USA (Delaware)   100.0    
IBM International Foundation   USA (Delaware)   100.0    
IBM International Services Corporation   USA (Delaware)   100.0    
  IBM Business Transformation Center, S.r.l.   Costa Rica   100.0    
Tivoli Systems, Inc.   USA (Delaware)   100.0    
IBM World Trade Corporation   USA (Delaware)   100.0    
  IBM Bahamas Limited   Bahamas   100.0    
  WTC Insurance Corporation, Ltd.   Bermuda   100.0    
  IBM Canada Limited — IBM Canada Limitee   Canada   100.0    
    IBM Argentina Sociedad Anonima   Argentina   90.0   (B)
    IBM Canada Credit Services Company   Canada   100.0    
    IBM Canada Holding Company, Limited Partnership   Canada   99.0    
      IBM Americas Holding Limited   Bermuda   100.0    
        IBM Brasil — Industria, Maquinas e Servicos Limitada   Brazil   100.0    
  IBM de Bolivia, S.A.   Bolivia   100.0    
  IBM de Chile, S.A.C.   Chile   100.0   (B)
  IBM de Colombia, S.A.   Colombia   87.1   (B)
  IBM del Ecuador, C.A.   Ecuador   100.0    
  Grupo IBM Mexico, S.A. de C.V.   Mexico   100.0    
    IBM de Mexico, S.A.   Mexico   100.0   (A)
  IBM del Peru, S.A.   Peru   100.0    
  IBM del Uruguay, S.A.   Uruguay   100.0    
  IBM de Venezuela, S.A.   Venezuela   100.0    
  IBM A/NZ Holdings Pty. Limited   Australia   90.0   (B)
    IBM Australia Limited   Australia   100.0    
    IBM New Zealand Limited   New Zealand   100.0    
  IBM Global Services India Pvt. Ltd.   India   90.0   (A/B)
  PT IBM Indonesia   Indonesia   99.0    
  IBM World Trade Asia Holdings LLC   USA (Delaware)   100.0    
    YK IBM AP Holdings   Japan   100.0    
      IBM Japan, Ltd.   Japan   100.0    
  IBM Korea, Inc.   Korea (South)   100.0    
  IBM Malaysia Sdn. Bhd.   Malaysia   100.0    
  IBM Philippines, Incorporated   Philippines   100.0   (A)
  IBM Thailand Company Limited   Thailand   100.0   (A)
  IBM Vietnam Company   Vietnam   100.0    
  IBM Bulgaria Ltd.   Bulgaria   100.0    
  IBM Croatia Ltd./IBM Hrvatska d.o.o.   Croatia   100.0    
  IBM Egypt Business Support Services   Egypt   99.8    
  IBM Eesti Osauhing (IBM Estonia Ou)   Estonia   100.0    
  IBM Italia S.p.A.   Italy   100.0    
    Companhia IBM Portuguesa, S.A.   Portugal   100.0    
    IBM Hellas Information Handling Systems S.A.   Greece   90.0   (B)
    IBM Israel Limited   Israel   100.0    
    IBM (International Business Machines)Turk Limited Sirketi   Turkey   98.0   (B)
    IBM South Africa Group Ltd.   South Africa   100.0    
             

      IBM South Africa (Pty) Ltd.   South Africa   100.0    
  IBM East Africa Limited   Kenya   66.7   (B)
  Sabiedriba ar irobezotu atbildibu IBM Latvija   Latvia   100.0    
  IBM Lietuva   Lithuania   100.0    
  IBM Holdings B.V.   Netherlands   100.0    
    IBM China Holdings B.V.   Netherlands   100.0    
      IBM China Company Limited   P.R.C.   100.0    
      IBM China/Hong Kong Limited   Hong Kong   100.0    
    IBM Global Holdings B.V.   Netherlands   100.0    
      IBM Central Holding GmbH   Germany   100.0    
        IBM Deutschland GmbH   Germany   89.3   (B)
          IBM Oesterreich Internationale Bueromaschinen Gesellschaft m.b.H.   Austria   100.0    
          IBM (Schweiz)-IBM (Suisse)-IBM (Svizzera)-IBM (Switzerland)   Switzerland   100.0    
            IBM Central and Eastern Europe B.V.   Netherlands   100.0    
              IBM Ceska Republika spol. s.r.o.   Czech Republic   100.0    
              IBM East Europe/Asia Ltd.   Russia   100.0    
              IBM Polska Sp.z.o.o.   Poland   100.0    
              IBM Romania Srl   Romania   100.0    
              IBM Slovensko spol s.r.o.   Slovak Republic   100.0    
      IBM International Holdings B.V.   Netherlands   94.4   (B)
        IBM Ireland Limited   Ireland   100.0    
        IBM Singapore Pte. Ltd.   Singapore   100.0    
        International Business Machines Corporation Magyarorszagi Kft.   Hungary   99.9   (B)
          Lefern Limited   Ireland   99.9   (B)
            IBM International Treasury Services Company   Ireland   82.6   (B)
      IBM North Region Holdings   United Kingdom   100.0    
        IBM Nederland N.V.   Netherlands   88.2   (B)
        IBM United Kingdom Holdings Limited   United Kingdom   100.0    
          IBM United Kingdom Limited   United Kingdom   89.0   (B)
    IBM International B.V.   Netherlands   100.0    
      IBM Europe Holdings B.V.   Netherlands   100.0    
        Compagnie IBM France, S.A.S.   France   100.0    
          IBM Maroc   Morocco   51.0   (B)
          IBM TunisIe   Tunisia   100.0    
    IBM Taiwan Holdings B.V.   Netherlands   100.0    
      IBM Taiwan Corporation   Taiwan   100.0    
    International Business Machines of Belgium S.A.   Belgium   100.0   (B)
  International Business Machines West Africa Limited   Nigeria   87.5   (B)
  IBM Slovenija d.o.o.   Slovenia   100.0    
  International Business Machines, S.A.   Spain   100.0    
  IBM Nordic Aktiebolag   Sweden   100.0    
    IBM Danmark A/S   Denmark   100.0    
    International Business Machines A/S   Norway   60.0    
    Oy International Business Machines AB   Finland   100.0    
    International Business Machines Svenska A.B.   Sweden   100.0    
  IBM Middle East FZ-LLC   United Arab Emirates   100.0    
(A)
Minor percentage held by other IBM shareholders subject to repurchase option.

(B)
Remaining percentage owned by other wholly-owned IBM company(s).



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INTERNATIONAL BUSINESS MACHINES CORPORATION SUBSIDIARIES