Intuit Press Release- Intuit Announces Fourth Stock Repurchase Program

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Intuit Announces Fourth Stock Repurchase Program

MOUNTAIN VIEW, Calif. - May 19, 2004 - Intuit Inc. (NASDAQ: INTU) today announced that its board of directors has authorized a three-year stock repurchase program for up to $500 million. This is Intuit's fourth repurchase program.

As of April 30, 2004, Intuit had $99 million remaining in its third repurchase program, which it will exhaust prior to making repurchases under the fourth program.

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small- and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants.

Founded in 1983, Intuit had annual revenue of more than $1.6 billion in its fiscal year 2003. The company has nearly 7,000 employees with major offices in 13 states across the U.S. and offices in Canada and the United Kingdom. More information can be found at www.Intuit.com.

Intuit, the Intuit logo, TurboTax and TurboTax for the Web, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.


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