News release

HP Doubles Hardware Recycling e-Coupon in Honor of Earth Day

Customers rewarded for environmental responsibility with up to $100 in savings from hpshopping.com

HP today announced that, for a limited time, it will double the value of its current Planet Partners return and recycling e-coupon to encourage the responsible recycling of unwanted computer hardware.

The double e-coupon program will reward consumers in the United States with up to $100 toward the purchase of a new product on hpshopping.com when they place an order through HP's online recycling service between April 1, 2004, and April 30, 2004.⁽¹⁾

"HP has been a pioneer in developing and investing in state-of-the-art recycling technologies, and Earth Day provides us with a unique opportunity to offer our customers an additional incentive to recycle their used or unwanted computer equipment in the most convenient and environmentally responsible manner," said Walt Rosenberg, vice president of corporate, social and environmental responsibility, Corporate Affairs, HP.

HP's Planet Partners return and recycling service is easy to use and affordable. Customers can get rid of unwanted or outdated hardware by purchasing HP's environmentally responsible recycling service online at http://www.hp.com/recycle. Hardware recycling costs between $17 and $46, depending on the type of product being recycled. HP will arrange for at-home pick-up, and the e-coupon is e-mailed directly to the customer.

Each month, HP recycles more than 6 million pounds of computer equipment globally, representing a range of products from any manufacturer, including desktop PCs, notebooks, monitors, ink and laser printers, PDAs and general networking equipment. Products collected by HP are evaluated for reuse, donation or recycling. HP operates two recycling facilities in the United States - one in Roseville, Calif., and another near Nashville, Tenn.

HP's innovative recycling process ensures unwanted hardware is recycled in the most environmentally sound manner available. HP's recycling facilities turn end-of-life products into reusable commodities, thus reducing the burden on the Earth's resources.

HP's hardware recycling is one part of the company's commitment to environmental sustainability. Since 1991, HP also has operated a return and recycling program for HP LaserJet printing supplies. HP inkjet printing supplies return and recycling was introduced in 1997. Both printing supplies programs are available free of charge in more than 30 countries around the world.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. For the last four fiscal quarters, HP revenue totaled $74.7 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

⁽¹⁾ Full program details and limitations for use of the double e-coupon can be found at http://www.hp.com/recycle.