News release

HP (NYSE:HPQ) today announced it is partnering with Old Republic National Title Insurance Company (NYSE:ORI) to showcase mobile technology bundles for commercial real estate professionals attending the International Council of Shopping Centers (ICSC) Spring Convention that runs here through May 22.

"HP is a one-stop shop that delivers comprehensive technology solutions for the real estate industry," said Robyn West, vice president of marketing, HP Personal Systems Group. "Our solutions help busy professionals run their businesses efficiently and productively."

"The real estate industry is one of the fastest growing technology markets," said Dan Hassen, chief executive officer - Central Division, Old Republic National Title Insurance Co. "Companies like HP are winning in this industry because they invest time and resources to participate at tradeshows and conferences where their brand and employees are visible to industry decision-makers."

The following Presenter-to-Go™ solutions from HP and MARGI Systems, Inc., a leading provider of multimedia products for mobile systems, will be available at the ICSC conference:

• Award-winning HP iPAQ™ 3870 Pocket PCs for $650 (estimated U.S. street price) or for lease at about $20 per month for 48 months. The iPAQ 3870 features integrated Bluetooth, 64 MB of SDRAM, 32 MB of flash ROM and a brilliant reflective TFT display with 240x320 resolution and 64K colors.

• HP handheld options starting at $249 (estimated U.S. street price), available using iPAQ 3100, 3600 and 3700 series options and iPAQ PC Card Expansion Pack and Presenter-to-Go Type II PC card. Software converts PowerPoint files (or other applications) and transfers them to iPAQ Pocket PCs. The MARGI Presenter-To-Go card plugs into the PC Card Expansion pack. Cables and remote control card are included.

• Award-winning microportable projectors starting at about $2,000 (estimated U.S. street price) include the Compaq MP1800, iPAQ MP2810, iPAQ MP1410 and IPAQ MP4800.

About Old Republic Title Group

The Old Republic Title Group is one of the nation's largest title insurance groups, operating in 48 states, the District of Columbia, Puerto Rico and Guam through a network of Company-owned offices, subsidiaries, authorized agents, and approved attorneys. Since 1978, it has been a wholly-owned subsidiary of Old Republic International Corporation, a Chicago-based, multi-lined insurance company with assets of approximately $7.2 billion and total capitalization of $2.6 billion. For more information visit www.oldrepublictitle.com.

About HP

HP is a leading global provider of products, technologies, solutions and services to consumers and businesses. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. HP merged with Compaq Computer Corp. on May 3, 2002. The merged company had combined revenue of approximately $81.7 billion in fiscal 2001 and operations in more than 160 countries. More information about HP is available at http://www.hp.com.

This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the results of HP and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include employee management issues; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to HP's annual report on Form 10-K, as amended on January 30, 2002, for the fiscal year ended October 31, 2001, HP's quarterly report on Form 10-Q for the quarter ended January 31, 2002 (as filed with the SEC on March 12, 2002) and subsequently filed reports. HP assumes no obligation and does not intend to update these forward-looking statements.