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A. The following questions are related to the term sheet of these notes to be issued: 1. Using 2013 Notes as an example, given the information provided from the term sheet, please calculate the notes' Yield to Maturity and verify your answer with the YTM provided on the term sheet. 2. Using 2013 Notes as an example, given the information provided from the term sheet, please calculate the notes' issuing cost as a % of the principal. 3. Who are the investment bankers and security firms involved? Who is the Trustee bank? 4. What is the rating of MSFT L-T Debt by the two of the major rating agencies? Who are the rating agencies? Table of Contents Filed Pursuant to Rule 424(b)(2) Registration No. 333-155495 CALCULATION OF REGISTRATION FEE Title of Each Class of Securities to be Registered 0.875% Notes due 2013 1.625% Notes due 2015 3.000% Notes due 2020 4.500% Notes due 2040 Amount to be Registered $1,000,000,000 $1,750,000,000 $1,000,000,000 $1,000,000,000 Maximum Offering Price Per Unit 99.835% 99.561% 99.136% 98.911% Maximum Aggregate Offering Price $998,350,000 $1,742,317,500 $991,360,000 $989,110,000 Amount of Registration Fee (1) (2) $71,182 $124,227 $70,684 $70,524 (1) Calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended. The total registration fee due for this offering is $336,617. Paid herewith. (2) Filed Pursuant to Rule 433 Registration Statement No. 333-155495 Final Term Sheet September 22, 2010 MICROSOFT CORPORATION 0.875% Notes due 2013 1.625% Notes due 2015 3.000% Notes due 2020 4.500% Notes due 2040 Issuer: Microsoft Corporation Title of Securities: 0.875% Notes due 2013 (the "2013 Notes") 1.625% Notes due 2015 (the 2015 Notes") 3.000% Notes due 2020 (the "2020 Notes") 4.500% Notes due 2040 (the "2040 Notes" and, together with the 2013 Notes, the 2015 Notes and the 2020 Notes, the "Notes") Aggregate Principal Amount Offered: 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: $1,000,000,000 $1,750,000,000 $1,000,000,000 $1,000,000,000 Price to Public (Issue Price): 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: 99.835% of principal amount 99.561% of principal amount 99.136% of principal amount 98.911% of principal amount Maturity Date: 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: September 27, 2013 September 25, 2015 October 1, 2020 October 1, 2040 Coupon (Interest Rate): 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: 0.875% per annum 1.625% per annum 3.000% per annum 4.500% per annum Benchmark Treasury: 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: UST 0.75% due September 15, 2013 UST 1.25% due August 31, 2015 UST 2.625% due August 15, 2020 UST 4.375% due May 15, 2040 Spread to Benchmark Treasury: 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: 0.25% (25 basis points) 0.40% (40 basis points) 0.55% (55 basis points) 0.83% (83 basis points) Benchmark Treasury Price and Yield: 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: 100-06+ /0.681% 99-21 3/4/1.317% 100-20+ /2.551% 111-12 /3.737% Yield to Maturity: 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: 0.931% 1.717% 3.101% 4.567% Interest Payment Dates: 2013 Notes: 2015 Notes: 2020 Notes: Semi-annually on March 27 and September 27, beginning on March 27, 2011 Semi-annually on March 25 and September 25, beginning on March 25, 2011 Semi-annually on April 1 and October 1, beginning on April 1, 2011 Semi-annually on April 1 and October 1, beginning on April 1, 2011 2040 Notes: Interest Payment Record Dates: March 15 and September 15 of each year Type of Offering: SEC registered (No. 333-155495) Net Proceeds to Issuer (before transaction expenses): 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: $996,850,000 $1,736,192,500 $986,860,000 $980,360,000 Trade Date: September 22, 2010 Settlement Date (T+3): September 27, 2010 Joint Book-Running Managers: Barclays Capital Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Goldman, Sachs & Co. Wells Fargo Securities, LLC Co-Managers: CastleOak Securities, L.P. The Williams Capital Group, L.P. Listing: None CUSIP/ISIN: 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: 594918AF1 /US594918AF14 594918AG9 /US594918AG96 594918AH7 /US594918AH79 594918AJ3 /US594918AJ36 Long-Term Debt Ratings: Moody's, Aaa (stable); S&P, AAA (stable) Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. toll-free at 888-603-5847, Citigroup Global Markets Inc. toll-free at 1-877-858-5407 and J.P. Morgan Securities LLC collect at 212-834-4533. A. The following questions are related to the term sheet of these notes to be issued: 1. Using 2013 Notes as an example, given the information provided from the term sheet, please calculate the notes' Yield to Maturity and verify your answer with the YTM provided on the term sheet. 2. Using 2013 Notes as an example, given the information provided from the term sheet, please calculate the notes' issuing cost as a % of the principal. 3. Who are the investment bankers and security firms involved? Who is the Trustee bank? 4. What is the rating of MSFT L-T Debt by the two of the major rating agencies? Who are the rating agencies? Table of Contents Filed Pursuant to Rule 424(b)(2) Registration No. 333-155495 CALCULATION OF REGISTRATION FEE Title of Each Class of Securities to be Registered 0.875% Notes due 2013 1.625% Notes due 2015 3.000% Notes due 2020 4.500% Notes due 2040 Amount to be Registered $1,000,000,000 $1,750,000,000 $1,000,000,000 $1,000,000,000 Maximum Offering Price Per Unit 99.835% 99.561% 99.136% 98.911% Maximum Aggregate Offering Price $998,350,000 $1,742,317,500 $991,360,000 $989,110,000 Amount of Registration Fee (1) (2) $71,182 $124,227 $70,684 $70,524 (1) Calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended. The total registration fee due for this offering is $336,617. Paid herewith. (2) Filed Pursuant to Rule 433 Registration Statement No. 333-155495 Final Term Sheet September 22, 2010 MICROSOFT CORPORATION 0.875% Notes due 2013 1.625% Notes due 2015 3.000% Notes due 2020 4.500% Notes due 2040 Issuer: Microsoft Corporation Title of Securities: 0.875% Notes due 2013 (the "2013 Notes") 1.625% Notes due 2015 (the 2015 Notes") 3.000% Notes due 2020 (the "2020 Notes") 4.500% Notes due 2040 (the "2040 Notes" and, together with the 2013 Notes, the 2015 Notes and the 2020 Notes, the "Notes") Aggregate Principal Amount Offered: 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: $1,000,000,000 $1,750,000,000 $1,000,000,000 $1,000,000,000 Price to Public (Issue Price): 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: 99.835% of principal amount 99.561% of principal amount 99.136% of principal amount 98.911% of principal amount Maturity Date: 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: September 27, 2013 September 25, 2015 October 1, 2020 October 1, 2040 Coupon (Interest Rate): 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: 0.875% per annum 1.625% per annum 3.000% per annum 4.500% per annum Benchmark Treasury: 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: UST 0.75% due September 15, 2013 UST 1.25% due August 31, 2015 UST 2.625% due August 15, 2020 UST 4.375% due May 15, 2040 Spread to Benchmark Treasury: 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: 0.25% (25 basis points) 0.40% (40 basis points) 0.55% (55 basis points) 0.83% (83 basis points) Benchmark Treasury Price and Yield: 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: 100-06+ /0.681% 99-21 3/4/1.317% 100-20+ /2.551% 111-12 /3.737% Yield to Maturity: 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: 0.931% 1.717% 3.101% 4.567% Interest Payment Dates: 2013 Notes: 2015 Notes: 2020 Notes: Semi-annually on March 27 and September 27, beginning on March 27, 2011 Semi-annually on March 25 and September 25, beginning on March 25, 2011 Semi-annually on April 1 and October 1, beginning on April 1, 2011 Semi-annually on April 1 and October 1, beginning on April 1, 2011 2040 Notes: Interest Payment Record Dates: March 15 and September 15 of each year Type of Offering: SEC registered (No. 333-155495) Net Proceeds to Issuer (before transaction expenses): 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: $996,850,000 $1,736,192,500 $986,860,000 $980,360,000 Trade Date: September 22, 2010 Settlement Date (T+3): September 27, 2010 Joint Book-Running Managers: Barclays Capital Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC Goldman, Sachs & Co. Wells Fargo Securities, LLC Co-Managers: CastleOak Securities, L.P. The Williams Capital Group, L.P. Listing: None CUSIP/ISIN: 2013 Notes: 2015 Notes: 2020 Notes: 2040 Notes: 594918AF1 /US594918AF14 594918AG9 /US594918AG96 594918AH7 /US594918AH79 594918AJ3 /US594918AJ36 Long-Term Debt Ratings: Moody's, Aaa (stable); S&P, AAA (stable) Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. toll-free at 888-603-5847, Citigroup Global Markets Inc. toll-free at 1-877-858-5407 and J.P. Morgan Securities LLC collect at 212-834-4533

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