2014 LENOVO ALL RIGHTS RESERVED.

2
What You Need to Know about Lenovo
Lenovo is a growing Fortune 500 technology company

#1 in PCs
#3 in Smartphones
Soon to be #3 in x86 server business

Innovation is in our DNA
As we demonstrated with PCs, there will be more innovation to meet
and exceed our customers expectations

We have a proven history of successful mergers and acquisitions
2014 LENOVO ALL RIGHTS RESERVED.
3
What You Need to Know about the Lenovo-IBM Agreement
2014 LENOVO ALL RIGHTS RESERVED.
Lenovo is acquiring a complete x86 server business
Business includes products, sales force, manufacturing, research and development
Storage agreement assures continuity of solutions that include IBM Storwize
Existing sales, distribution and maintenance contracts will transfer seamlessly
Global warranty service and support offerings will remain intact after closing

Continuity for customers is our #1 priority
Similar to our PC and other acquisitions

We are committed to current products/roadmaps
No plans to significantly change any roadmap, brand, sales or services coverage model for products through 2016



4 2014 LENOVO ALL RIGHTS RESERVED.
A $34B global
technology company
with 46,000 people and
customers in 160+ countries.
5
Our Performance Is Making Headlines
2009
2010
2011
2012
2013
Lenovo WW PC Market Share
2014 LENOVO ALL RIGHTS RESERVED.
SOURCE: IDC, 4Q2014
6
Lenovo Knows Mergers and Acquisitions
Confident existing businesses will grow as we have committed
Confident new businesses build new pillars for long-term, sustainable growth


2014 LENOVO ALL RIGHTS RESERVED.
SOURCE: LENOVO INTERNAL
7
Lenovo is Acquiring a Complete x86 Portfolio
All IBM x86
Product
Lines

Skilled x86 Sales
Force and Support
Capabilities
R&D Labs &
Manufacturing
Resources
2014 LENOVO ALL RIGHTS RESERVED.
Lenovo is buying IBM's x86 server business intact and is committed to following
the IBM x86 product roadmap, including Flex and x86-based PureFlex integrated
systems, and will continue to innovate around these products.
8
OEM Storage from IBM Completes the Solution
All IBM x86
Product
Lines

Skilled x86 Sales
Force and Support
Capabilities
R&D Labs &
Manufacturing
Resources
IBM Storage
Global OEM and reseller agreement covers:
Entry and midrange IBM Storwize storage systems
IBM General Parallel File System (GPFS)
IBM SmartCloud entry offering
IBM system management software
Acquisition
OEM &
Resale
Agreement
2014 LENOVO ALL RIGHTS RESERVED.
9
Business will Continue as Usual
Roadmaps Branding
Relationships
with Current
Partners
Sales
Account
Coverage
The IBM x86 acquisition promises more choices and innovation.
Over the next months, we will work closely with IBM to close this deal.
2014 LENOVO ALL RIGHTS RESERVED.
10
Same portfolio / product brand
We are Committed to Current Products/Roadmaps
1H2014 2H2014 2015 2016
T
a
r
g
e
t

d
e
a
l

c
l
o
s
u
r
e

Same portfolio / product brand
Lenovo ThinkServer & Storage Portfolio
IBM x86 Servers & Flex Family Portfolio
More choice and innovation
No disruption
2014 LENOVO ALL RIGHTS RESERVED.
11
Support
Integration
System Mgt
Storage
Server
Solution
Networking
IBM PureSystems Ensuring Continuity
System x Sales
1
Lenovo Sales
Support
Integration
System Mgt
2
Storage
Server
Solution
Networking
Today Post-Acquisition
Ensuring Continuity for the
things you care about:
Solution design by IBM
Storage by IBM
No planned changes to
networking or server
roadmap before 2016
Same sales specialists and
support teams
Support for Power Systems
within the Flex System
ecosystem
Same Team
1
Includes IBM System x, BladeCenter and Flex System sales specialists
2
Lenovo responsible for x86 system management; IBM retains Power Systems
2014 LENOVO ALL RIGHTS RESERVED.