News release

HP Doubles Green Power Purchase

HP today announced that it will double its purchase of green power for its U.S. operations as part of the U.S. Environmental Protection Agency’s (EPA) Fortune 500 Green Power Challenge.

The company is committing to purchase 25 million kilowatt-hours (kWh) of green power. HP currently ranks No. 16 on the EPA’s Fortune 500 list of Green Power Partners.

The goal of the EPA’s 13-month campaign – announced at the National Renewable Energy Marketing Conference in San Francisco today – is to approximately double the existing green power purchases among Fortune 500 Green Power Partners in order to exceed 5 billion kWh of green power purchasing annually. Green power purchases help accelerate the development of new renewable energy capacity nationwide.

“EPA applauds HP’s leadership in green power purchasing and its support of EPA’s Fortune 500 Green Power Challenge,” said Bill Wehrum, acting assistant administrator, Air and Radiation, U.S. EPA. “We encourage all of America’s Fortune 500 companies to purchase green power and demonstrate that what’s good for the environment is also good for business.”

The EPA, using data on national average avoided carbon dioxide (CO2) emissions, estimates that HP’s purchase will avoid the CO2 emissions of more than 3,100 passenger cars each year or the electricity use from more than 1,800 U.S. households annually.

As part of its commitment to global citizenship and the environment, HP offers a full range of energy-efficient products and enterprise solutions that help customers save money while reducing environmental impact. HP has more than 10 years of investment in energy efficiency-related programs and a dedicated HP Labs power and cooling research team with numerous patents. HP also drives energy efficiency throughout its operations. In 2004 and 2005, the company implemented more than 100 million kWh worth of energy-efficient projects.

More information about global citizenship at HP is available at www.hp.com/hpinfo/globalcitizenship/index.html.

About the U.S. EPA’s Green Power Partnership

EPA’s Green Power Partnership encourages organizations to purchase green power as a way to reduce the environmental impacts associated with conventional electricity use. The Green Power Partnership currently has hundreds of partners voluntarily purchasing billions of kilowatt-hours of green power annually. Partners include a wide variety of leading organizations such as Fortune 500 companies, small and medium-sized businesses, local, state and federal governments, trade associations, as well as colleges and universities. For a full listing of EPA’s Green Power Partners and information about buying green power, visit the partnership’s website at www.epa.gov/greenpower/.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company’s offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended Oct. 31, 2006, HP revenue totaled $91.7 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the achievement of expected results and other risks that are described from time to time in HP’s Securities and Exchange Commission reports, including but not limited to the risks described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2006, and other reports filed after HP’s Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2005. HP assumes no obligation and does not intend to update these forward-looking statements.

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