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HP Board Declares Regular Dividend

PALO ALTO, Calif., Jan. 18, 2008

The HP board of directors has declared a regular cash dividend of 8 cents per share on the company’s common stock.

The dividend, the second in HP’s fiscal year 2008, is payable on April 2, 2008, to stockholders of record as of the close of business on March 12, 2008.

HP has approximately 2.6 billion shares of common stock outstanding.

About HP

HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $104.3 billion for the four fiscal quarters ended Oct. 31, 2007. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

© 2008 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.

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