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Republic Bank of Trinidad Invests in HP Neoview for Faster, Better Decision Making

Data warehousing purchase includes strategic services from HP and software from Quadrant and MicroStrategy

PALO ALTO, Calif., March 10, 2008

HP today announced that Republic Bank Limited, a full-range financial services provider based in Trinidad, has purchased the HP Neoview data warehousing solution to enhance its business intelligence, compliance and management reporting.

The solution is being implemented to support the company’s retail banking, credit cards and mutual funds business, using HP Services’ business intelligence experts to establish a data governance strategy and build a roadmap for the enterprise data warehouse that will provide common information across its business.

An important factor in Republic Bank’s decision to work with HP was the integration of HP Neoview with the offerings of business intelligence software companies, Quadrant and MicroStrategy.

“HP Neoview will help our organization make faster and better decisions, and ultimately improve customer service, efficiency and profitability,” said Tony Wong, chief information officer, Republic Bank Limited. “Working with HP, Quadrant and MicroStrategy, we will have new and insightful ways to visualize our data. The HP team exceeded our expectations in understanding our industry and business requirements and we look forward to the substantial enhancements HP will bring to our business capabilities.”

With the HP solution, Republic Bank users will be able to obtain timely insights into financial performance and make analytically based business decisions more quickly. The Quadrant and MicroStrategy solutions will assist in providing additional industry knowledge for a broad range of business applications at Republic Bank.

“We plan to exceed Republic Bank’s expectations and deliver an unparalleled business intelligence solution,” said Ben Barnes, vice president and general manager, Business Intelligence, Software, HP. “Thanks to our partner ecosystem, services expertise and our operational BI platform in Neoview, we are able to provide superior value over the competition and provide Republic Bank with the best solution for their needs.”

The solution includes a comprehensive, physical data model from Quadrant, which provides the foundation for Republic Bank’s enterprise data management initiative, enabling the organization to drive enhanced reporting and analytics for business performance, regulatory reporting and financial metrics. These capabilities will aid Republic Bank in optimizing its economic capital model and maximizing profitability.

MicroStrategy’s data visualization platform allows Republic Bank to offer operational and management reporting functions to business and IT managers across the organization.

More information about HP Neoview and HP Business Intelligence is available at www.hp.com/go/neoview and www.hp.com/go/bi, respectively.

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 $107.7 billion for the four fiscal quarters ended Jan. 31, 2008. More information about HP (NYSE: 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 execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected results; and other risks that are described in HP’s filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2007. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2008 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.

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