Pitney Bowes Board Declares Common, Preference and Preferred Stock Dividends

The Board of Directors of Pitney Bowes Inc. (NYSE: PBI) declared a quarterly cash dividend on the company’s common stock of 35 cents per share, payable March 12, 2008, to stockholders of record on February 18, 2008; a quarterly cash dividend of 53 cents per share on the company’s $2.12 convertible preference stock, payable April 1, 2008, to stockholders of record March 14, 2008, and a quarterly cash dividend of 50 cents per share on the company’s 4 percent convertible cumulative preferred stock, payable May 1, 2008, to stockholders of record April 15, 2008.

Pitney Bowes is a mailstream technology company that helps organizations manage the flow of information, mail, documents and packages. Our 35,000 employees deliver technology, service and innovation to more than two million customers worldwide. The company was founded in 1920 and annual revenues now total $6.0 billion. More information is available at www.pb.com.