Spatial Loader DB2 giving error while importing shape file
I used db2level to check the client version and found that the client version was the mismatch.

Not working client version
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DB21085I  Instance "DB2" uses "32" bits and DB2 code release "SQL09070" with
level identifier "08010107". Informational tokens are "DB2 v9.7.0.441", "s090521", "NT3297", and Fix Pack "0".

Working Client version
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DB21085I  Instance "DB2" uses "32" bits and DB2 code release "SQL09075" with
level identifier "08060107". Informational tokens are "DB2 v9.7.500.702", "s111017", "IP23286", and Fix Pack "5".