EX-21 6 a2152314zex-21.htm EXHIBIT 21
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EXHIBIT 21


IBM CORPORATION SUBSIDIARIES

Subsidiaries—as of December 31, 2004

Company Name
   State or country of
incorporation or organization
   Voting % owned by immediate
parent
   Notes
IBM Credit LLC   USA (Delaware)   100.0000    
IBM International Foundation   USA (Delaware)   100.0000    
IBM International Services Corporation   USA (Delaware)   100.0000    
  IBM Business Transformation Center, S.r.l.   Costa Rica   100.0000    
Tivoli Systems, Inc.   USA (Delaware)   100.0000    
IBM World Trade Corporation   USA (Delaware)   100.0000    
  IBM Bahamas Limited   Bahamas   100.0000    
  IBM Foreign Sales Corporation   Barbados   100.0000    
  WTC Insurance Corporation, Ltd.   Bermuda   100.0000    
  IBM Canada Limited — IBM Canada Limitee   Canada   100.0000    
    IBM Americas Holding Limited   Bermuda   100.0000    
      IBM Brasil— Industria, Maquinas e Servicos Limitada   Brazil   100.0000    
    IBM Argentina Sociedad Anonima   Argentina   90.0000 (B)  
    IBM Canada Credit Services Company   Canada   100.0000    
  IBM de Bolivia, S.A.   Bolivia   99.9869    
  IBM de Chile, S.A.C.   Chile   99.9998 (B)  
  IBM de Colombia, S.A.   Colombia   87.0678 (B)  
  IBM del Ecuador, C.A.   Ecuador   100.0000    
  Grupo IBM Mexico, S.A. de C.V.   Mexico   100.0000    
    IBM de Mexico, S.A.   Mexico   99.9993 (A)  
  IBM del Peru, S.A.   Peru   99.9999    
  IBM del Uruguay, S.A.   Uruguay   100.0000    
  IBM de Venezuela, S.A.   Venezuela   100.0000    
  IBM A/NZ Holdings Pty. Limited   Australia   90.0000    
    IBM Australia Limited   Australia   100.0000    
    IBM New Zealand Limited   New Zealand   100.0000    
  IBM India Limited   India   100.0000    
  PT IBM Indonesia   Indonesia   99.0000    
  IBM World Trade Asia Holdings LLC   Delaware   100.0000    
    YK IBM AP Holdings   Japan   100.0000    
      IBM Japan, Ltd.   Japan   100.0000    
  IBM Korea, Inc.   Korea (South)   100.0000    
  IBM Malaysia Sdn. Bhd.   Malaysia   100.0000    
  IBM Philippines, Incorporated   Philippines   99.9991 (A)  
  IBM Thailand Company Limited   Thailand   99.9985 (A)  
  IBM Vietnam Company   Vietnam   100.0000    
  IBM Bulgaria Ltd.   Bulgaria   100.0000    
  IBM Croatia Ltd./IBM Hrvatska d.o.o.   Croatia   100.0000    
  IBM Egypt Business Support Services   Egypt   99.8000    
  IBM Eesti Osauhing (IBM Estonia Ou)   Estonia   100.0000    
  IBM Italia S.p.A.   Italy   100.0000    
    Companhia IBM Portuguesa, S.A.   Portugal   100.0000    
    IBM Hellas Information Handling Systems S.A.   Greece   99.9999 (B)  
    IBM Israel Limited   Israel   100.0000    
    IBM (International Business Machines)Turk Limited Sirketi   Turkey   98.0000 (B)  
    IBM South Africa Group Ltd.   South Africa   100.0000    

      IBM South Africa (Pty) Ltd.   South Africa   100.0000    
  IBM East Africa Limited   Kenya   66.6667 (B)  
  Sabiedriba ar irobezotu atbildibu IBM Latvija   Latvia   100.0000    
  IBM Lietuva   Lithuania   100.0000    
  IBM Holdings B.V.   Netherlands   100.0000    
    IBM China Holdings B.V.   Netherlands   100.0000    
      IBM China Company Limited   P.R.C.   100.0000    
      IBM China/Hong Kong Limited   Hong Kong   100.0000    
    IBM Global Holdings B.V.   Netherlands   65.2564 (B)  
      IBM Central Holding GmbH   Germany   100.0000    
        IBM Ceska Republika spol. s r.o   Czech Republic   96.8000 (B)  
        IBM Deutschland GmbH   Germany   89.3500 (B)  
          IBM Oesterreich Internationale Bueromaschinen Gesellschaft m.b.H.   Austria   100.0000    
          IBM (Schweiz)-IBM (Suisse)-IBM (Svizzera)-IBM (Switzerland)   Switzerland   100.0000    
        IBM East Europe/Asia Ltd.   Russia   100.0000    
        IBM Polska Sp.z.o.o.   Poland   100.0000    
        International Business Machines Corporation Magyarorszagi Kft.   Hungary   99.9291 (B)  
      IBM International Holdings B.V.   Netherlands   100.0000    
        IBM Ireland Limited   Ireland   100.0000    
        IBM Singapore Pte. Ltd.   Singapore   100.0000    
      IBM North Region Holdings   United Kingdom   99.9999 (A)  
        IBM Nederland N.V.   Netherlands   88.2353 (B)  
        IBM United Kingdom Holdings Limited   United Kingdom   100.0000    
          IBM United Kingdom Limited   United Kingdom   100.0000    
    IBM International B.V.   Netherlands   100.0000    
      IBM Europe Holding B.V.   Netherlands   100.0000    
        Compagnie IBM France S.A.   France   100.0000    
          IBM International Treasury Services Company   Ireland   34.7826 (B)  
          IBM Maroc   Morocco   50.9987 (B)  
          IBM Tunisie   Tunisia   100.0000    
    International Business Machines of Belgium S.A.   Belgium   99.9998 (B)  
  IBM Taiwan Holdings B.V.   Netherlands   100.0000    
    IBM Taiwan Corporation   Taiwan   100.0000    
  International Business Machines West Africa Limited   Nigeria   87.5000 (B)  
  International Business Machines A/S   Norway   60.0000 (B)  
  IBM Romania Srl   Romania   100.0000    
  IBM Slovensko spol s.r.o.   Slovak Republic   100.0000    
  IBM Slovenija d.o.o.   Slovenia   100.0000    
  International Business Machines, S.A.   Spain   100.0000    
  IBM Nordic Aktiebolag   Sweden   100.0000    
    IBM Danmark A/S   Denmark   100.0000    
    Oy International Business Machines AB   Finland   100.0000    
    International Business Machines Svenska AB   Sweden   100.0000    
  IBM Middle East FZ-LLC   United Arab Emirates   100.0000    
(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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IBM CORPORATION SUBSIDIARIES