BankBoston Declares Common Dividend.

BOSTON--(BUSINESS WIRE)--July 23, 1998--BankBoston Corporation (NYSE:BKB) reported that its Board of Directors today declared a quarterly dividend of $.29 per share on the Corporation's common stock.

The cash dividend is payable August 28, 1998 to stockholders of record on August 3, 1998. The dividend has been adjusted to reflect the Corporation's recent 2-for-1 stock split.

BankBoston (NYSE:BKB), with assets of $70.5 billion and some 23,000 employees, is the nation's oldest commercial bank and New England's only global bank. BankBoston is engaged in consumer, small business and corporate banking in New England; delivering sophisticated financial solutions to corporations and governments nationally and internationally; and full-service banking in leading Latin American markets. The Corporation's common stock is listed on the New York and Boston stock exchanges.

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              Karen Schwartzman, 617/434-7594
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              John Kahwaty, 617/434-3650