Marshall & Ilsley Corporation Announces First Quarter 2004 Dividend MILWAUKEE, Feb. 19 /PRNewswire-FirstCall/ -- Marshall & Ilsley Corporation (M&I) today announced its Board of Directors has declared a regular quarterly cash dividend of $.18 per share on its common stock. The dividend is payable on March 12, 2004, to shareholders of record at the close of business on March 1, 2004. Marshall & Ilsley Corporation (NYSE:MI) is a diversified financial services corporation headquartered in Milwaukee, Wis., with $34.4 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank has the largest banking presence in Wisconsin with 199 offices throughout the state. In addition, M&I has 28 locations throughout Arizona; 10 offices in metropolitan Minneapolis/St. Paul, Minn.; and, locations in Duluth, Minn.; Las Vegas, Nev.; and Naples and Bonita Springs, Fla. M&I's Southwest Bank affiliate has six offices in the St. Louis area and one office in Belleville, Ill. Metavante Corporation, Marshall & Ilsley Corporation's wholly owned technology subsidiary, provides virtually all of the technology an organization needs to offer financial services. M&I also provides trust and investment management, equipment leasing, mortgage banking, asset-based lending,financial planning, investments and insurance services from offices throughout the country and on the Internet ( http://www.mibank.com/ or http://www.micorp.com/ ). M&I's customer-based approach, internal growth and strategic acquisitions have made M&Ia nationally recognized leader in the financial services industry. DATASOURCE: Marshall & Ilsley Corporation CONTACT: Mark Furlong, chief financial officer, +1-414-765-8052, or Don Wilson, senior vice president, corporate treasurer, +1-414-765-8043, both of Marshall & Ilsley Corporation Web site: http://www.micorp.com/ http://www.mibank.com/

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