EXHIBIT (ii)
Page 1 of 2

PITNEY BOWES INC.
SUBSIDIARIES OF THE REGISTRANT

The Registrant, Pitney Bowes Inc., a Delaware Corporation, has no parent.

The following are subsidiaries of the Registrant (as of December 31, 2005)
    

Company name				Country or state of incorporation
Addressing Systems International Holdings Limited				England
Adrema Leasing Corporation				Delaware
Adrema Maschinen — und — Auto Leasing GmbH				Germany
Adrema Maschinenbau Inc.				Delaware
Andeen Enterprises, Inc.				Panama
Archiver Limited f/k/a Micromedia Limited				England
Artec International Corporation				California
Bell & Howell France Holding SAS				France
B. Williams Funding Corp.				Delaware
B. Williams Holding Corp.				Delaware
Burmas voorheen Buroservice NV				Belgium
Canadian Office Services (Toronto) Limited				Canada
Cascade Microfilm Systems, Inc.				California
CPLC Inc.				Delaware
Danka Canada, Inc.				Canada
Document Process S.A.				France
ECL Finance Company, NV				Netherlands
Elmcroft Road Realty Corporation				Connecticut
FSL Holdings Inc.				Connecticut
FSL Risk Managers Inc.				New York
Group 1 Software China Ltd.				Hong Kong
Group 1 Software Korea Ltd.				Korea
Group 1 Software Asia Pacific Pte Ltd.				Singapore
Group 1 Software Beijing Ltd.				China
Group 1 Software Europe Ltd. (U.K.)				UK
Group 1 Software France SA				France
Group 1 Software Germany GmbH				Germany
Group 1 Software Japan KK				Japan
Group 1 Software Inc.				Delaware
Harlow Aircraft Inc.				Delaware
Imagitas, Inc.				Delaware
Imagitas Security Corporation				Massachusetts
Informatech Inc.				California
International Asset Residual Management Ltd.				Bermuda
International Imaging Limited				England
La Agricultora Ecuatoriana S.A.				Ecuador
Logestim Logiciels et Systèmes, Texte et Image SAS				France
Mag Expansion SA				France
Mag Systèmes SAS				France
Mag Graphic SAS				France
MailCode Holdings, Inc.				Indiana
MailCode, Inc.				Delaware
Norlin Australia Investments Pty. Limited				Australia
Oy Adrema Helsinki				Finland
PB Air Inc.				Nevada
PB Aircraft Finance Inc.				Delaware
PB Australia Funding Pty. Limited				Australia
PB Canada Funding Ltd.				Canada
PB CFSC I Inc.				Virgin Islands
PB Equipment Management Inc.				Delaware
PB Forms, Inc.				Nebraska
PB Funding Corporation				Delaware
PB Global Financial Services Inc.				Delaware
PB Global Holdings Inc.				Connecticut
PB Global Holdings II Inc.				Connecticut
PB Global Holdings III Inc.				Connecticut
PB Global Holdings IV Inc.				Connecticut
PB Lease Holdings Inc.				Nevada
PB Leasing Corporation				Delaware
PB Leasing Services Inc.				Nevada
PB Miles Inc.				Delaware
PB Municipal Funding Inc.				Nevada
PB Nihon FSC Ltd.				Bermuda
PB Nikko FSC Ltd.				Bermuda
PB Nova Scotia II ULC				Canada
PB Partnership Financing Inc.				Delaware
PB Production International Corp.				Delaware
PB Professional Services Inc.				Delaware
PB Public Finance Inc.				Delaware
PB Texas LP				Delaware
PB World Trade Corp.				Delaware
PBA Foreign Sales Corporation				Barbados
PBG Holdings Inc.				Delaware
PCAN Mailing Solutions, Inc./Solutions D’Affranchissement PCAN Inc.				Canada
Pitney Bowes Australia FAS Pty. Limited				Australia
Pitney Bowes Australia Pty.				Australia
Pitney Bowes Austria Ges.m.b.H				Austria
Pitney Bowes Belgium NV				Belgium
Pitney Bowes of Canada Ltd.—Pitney Bowes du Canada Ltee				Canada
Pitney Bowes Canada Holdings Limited				Canada
Pitney Bowes China Inc.				Delaware
Pitney Bowes Credit Australia Limited				Australia
Pitney Bowes Credit Corporation				Delaware
Pitney Bowes Cross Border Services, Inc				Delaware
Pitney Bowes Danmark A/S (formerly Haro Systemer AS)				Denmark
Pitney Bowes Data Systems, Ltd.				Delaware
Pitney Bowes de Mexico, S.A. de C.V.				Mexico
Pitney Bowes Deutschland GmbH				Germany
Pitney Bowes Document Messaging Technologies Limited (formerly Bell & Howell Limited)				England
Pitney Bowes Espana, S.A.				Spain
Pitney Bowes Finans Norge AS				Norway
Pitney Bowes Finance plc (formerly PB Leasing Ltd.)				England
Pitney Bowes Finance Ireland Limited				Ireland
Pitney Bowes France S.A.				France
Pitney Bowes Global Limited				England
Pitney Bowes Government Solutions, Inc.				Delaware
Pitney Bowes Holding SNC				France
Pitney Bowes Holdings B.V.				Netherlands
Pitney Bowes Holdings Denmark ApS				Denmark
Pitney Bowes Holdings Limited				England
Pitney Bowes Hong Kong Inc.				Delaware
Pitney Bowes Hong Kong Limited				Hong Kong
Pitney Bowes India Inc.				Delaware
Pitney Bowes India Private Limited				India
Pitney Bowes Insurance Agency, Inc.				Connecticut
Pitney Bowes International				Ireland
Pitney Bowes International Funding				Ireland
Pitney Bowes International Holdings, Inc.				Delaware
Pitney Bowes Italia S.r.l.				Italy
Pitney Bowes Japan KK				Japan
Pitney Bowes Korea Ltd.				Korea

 

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EXHIBIT (ii)
Page 2 of 2

PITNEY BOWES INC.
SUBSIDIARIES OF THE REGISTRANT

The Registrant, Pitney Bowes Inc., a Delaware Corporation, has no parent.

The following are subsidiaries of the Registrant
(as of December 31, 2005)
    

Company name				Country or state of incorporation
Pitney Bowes (Ireland) Limited				Ireland
Pitney Bowes Limited				England
Pitney Bowes Luxembourg SARL				Luxembourg
Pitney Bowes (Macau) Limited				Macau
Pitney Bowes Mail and Messaging Systems (Shanghai) Co., Ltd.				Shanghai
Pitney Bowes Management Services Belgium, NV				Belgium
Pitney Bowes Management Services Canada, Inc. Services de Gestion Pitney Bowes Canada, Inc.				Canada
Pitney Bowes Management Services Denmark, A/S				Denmark
Pitney Bowes Management Services Deutschland GmbH				Germany
Pitney Bowes Management Services France S.A.S.				France
Pitney Bowes Management Services Italia S.r.l.				Italy
Pitney Bowes Management Services Limited				England
Pitney Bowes Management Services Netherlands, B.V.				Netherlands
Pitney Bowes Management Services Norway A.S.				Norway
Pitney Bowes Management Services Sweden AB				Sweden
Pitney Bowes Management Services, Inc.				Delaware
Pitney Bowes Netherlands B.V.				Netherlands
Pitney Bowes New Zealand Limited				New Zealand
Pitney Bowes Oy				Finland
Pitney Bowes Norge AS				Norway
Pitney Bowes Portugal Sociedade Unipessoal, Lda.				Portugal
Pitney Bowes Nova Scotia ULC				Canada
Pitney Bowes Properties Inc.				Connecticut
Pitney Bowes Real Estate Financing Corporation				Delaware
Pitney Bowes SA (Pty) Ltd.				South Africa
Pitney Bowes Semco Equipamentos E Servicos Ltda				Brazil
Pitney Bowes Service Solutions, Inc.				Delaware
Pitney Bowes Servicios, S.A. de C.V.				Mexico
Pitney Bowes Shelton Realty Inc.				Connecticut
Pitney Bowes (Singapore) Pte Ltd.				Singapore
Pitney Bowes Svenska Aktiebolag				Sweden
Pitney Bowes (Switzerland) AG				Switzerland
Pitney Bowes (Thailand) Limited				Thailand
Pitney Structured Funding I Inc.				Delaware
Pitney B2B Capital.com Connecticut Inc.				Delaware
PitneyWorks.com Inc.				Delaware
PREFCO Dover Inc.				Delaware
PREFCO Onze Inc.				Delaware
PREFCO I LP Inc.				Delaware
PREFCO II SPE Inc.				Delaware
PREFCO II Inc.				Delaware
PREFCO III LP Inc.				Delaware
PREFCO IV LP Inc.				Delaware
PREFCO V LP Inc.				Delaware
PREFCO VI Inc.				Delaware
PREFCO VI LP Inc.				Delaware
PREFCO VII Inc.				Delaware
PREFCO VII LP Inc.				Delaware
PREFCO VIII LP Inc.				Delaware
PREFCO IX LP Inc.				Delaware
PREFCO XI LP Inc.				Delaware
PREFCO XII LP Inc.				Delaware
PREFCO XIII Inc.				Delaware
PREFCO XIII LP Inc.				Delaware
PREFCO XIV LP Inc.				Delaware
PREFCO XV LP Inc.				Delaware
PREFCO XVI Inc.				Delaware
PREFCO XVI LP Inc.				Delaware
PREFCO XVII Inc.				Delaware
PREFCO XVII LP Inc.				Delaware
PREFCO XVIII LP Inc.				Delaware
PREFCO XIX LP Inc.				Delaware
PREFCO XXI Inc.				Delaware
PREFCO XXI LP Inc.				Delaware
PREFCO XXII Inc.				Delaware
PREFCO XXII LP Inc.				Delaware
PREFCO XXIV Inc.				Delaware
PREFCO XXV Inc.				Delaware
PREFCO — Dayton Community Urban Redevelopment Corporation				Ohio
PREFCO Twelve Holdings Inc.				Delaware
Printing and Post Processing Company NV				Belgium
PRINTLINX CORPORATION				Canada
PSI Group, Inc.				Delaware
P. Technical Services Limited				England
Remington Customer Finance Pty. Limited				Australia
RMPB Limited				England
ROM Holdings Pty. Limited				Australia
ROM Securities Pty. Limited				Australia
Sagent Inc. (Taiwan)				Taiwan
Sagent UK, Ltd.				UK
Sagent (Indonesia) Pte Ltd.				Singapore
Sagent (Malaysia) Sdn Bhd				Malaysia
Sagent (Singapore) Pte Ltd.				Singapore
Sales and Service Training Center Inc.				Georgia
SCI François Gillet				France
SCI Méditerranée				France
Secap (Groupe Pitney Bowes) SAS				France
Secap Technologies Limited				England
Technopli SARL				France
The Pitney Bowes Bank, Inc.				Utah
Time-Sensitive Delivery Guide Inc.				Delaware
Tower FSC, Ltd.				Bermuda
Universal Postal Frankers Ltd.				England
Waterview Resolution Corporation				Massachusetts
Wheeler Insurance, Ltd.				Vermont
1136 Corporation				Delaware

 

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