Lotus Development Corp. Issues Statement In Response to IBM Cash Tender
Offer

CAMBRIDGE, Mass., June 5, 1995 -- Lotus Development Corp. today responded
to International Business Machines Corp.'s announcement that it plans to
begin a cash tender offer for the company with the following statement:

"The sudden IBM announcement is particularly surprising in light of
discussions and negotiations on contracts and joint development that have
been under discussion between the two companies for several months."

"We will now study the matter with our legal and financial advisors, Lazard
Freres and Wachtell, Lipton, and others, and then take any and all
appropriate action to preserve and promote the vital best interests of
this company.

"In the final analysis, the great strength of Lotus is in its dedicated and
innovative people whose long-term interests are best satisfied in the
unique environment which characterizes our company."

 ============================================================
 From the  'New Product News'  Electronic News Service on....
 AOL (Keyword = New Products) & Delphi (GO COMPUTING PRODUCT)
 ============================================================
 This information was processed from data provided by the 
 company or author mentioned. For additional details, please 
 contact them directly at the address/phone number indicated.
 All trademarks are the property of their respective owners.
 ============================================================
 All submissions for this service should be addressed to:
 BAKER ENTERPRISES,  20 Ferro Dr,  Sewell, NJ  08080  U.S.A.
 Email: RBakerPC (AOL/Delphi), rbakerpc@delphi.com (Internet)
 ============================================================
