News release

Nycomed Chooses BT HP Alliance for Outsourcing Contract

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HP and BT (NYSE: BT) today announced that they have signed a contract with Nycomed, an international pharmaceutical company headquartered in Switzerland, to outsource its infrastructure services over the next five years.

Nycomed engaged the BT HP Alliance to support its infrastructure, which must handle the rapid exchange of critical real-time information across international networks.

Under the terms of the agreement, HP will manage Nycomed’s data centers, including more than 450 servers and 120 terabytes (TB) of storage and back-up facilities. HP will also deliver end-user workplace solutions for 10,000 workstations in more than 50 countries. Finally, HP will be responsible for a complete migration of 13,000 mailboxes to the new company standard, Microsoft® Exchange 2007.

BT will provide multi-protocol label switching – wide area network (MPLS-WAN) services, Internet bandwidth for Nycomed’s EMEA (Europe, the Middle East and Africa), Asia-Pacific and Americas hubs, and remote access services for 6,500 users.

Nycomed operates throughout Europe and in fast-growing markets such as Latin America, Russia, Commonwealth of Independent States (CIS) and the Asia-Pacific region. The company has a presence in approximately 50 markets worldwide and acquired the German pharmaceutical company Altana Pharma in 2007, making Nycomed one of the world’s 25 largest pharmaceutical companies.

“Nycomed is taking advantage of the BT HP Alliance’s economies of scale, skilled staff and industrialization of operations to consolidate and rationalize our infrastructure services and technology infrastructure,” said Agnetha Mattisson, senior vice president, Corporate IS/IT, Nycomed. “Together we will establish a robust and scalable environment that will support Nycomed’s goals to grow the business.”

Francois Barrault, chief executive officer, BT Global Services, said: “We’re delighted to work with Nycomed to help them meet their international business objectives. HP and BT will deliver end-to-end networked infrastructure services.”

“We are honored to be selected by Nycomed as a trusted partner and we look forward to helping them manage and transform their infrastructure into an asset for business and competitive advantage,” said Ann Livermore, executive vice president, Technology Solutions Group, HP.

About the BT HP Alliance

The BT HP Alliance brings together the world-class capabilities of HP and BT to provide a full IT and telecommunications service capability in a single service offering. Developing and delivering integrated, seamless solutions for customers, the alliance presents a single point of contact to enterprises for end-to-end service delivery. This helps improve service, increase flexibility and reduce risk for the enterprise.

About Nycomed

Nycomed is a privately owned pharmaceutical company that provides medicines for hospitals, specialists and general practitioners, as well as over-the-counter medicines in selected markets.

The company is active in a range of therapeutic areas. Its key products are aimed at gastroenterology, pain management, osteoporosis, respiratory diseases and tissue management. New products are sourced both from its own research and from business partners.

Operating throughout Europe and in fast-growing markets such as Latin America, Russia/CIS and the Asia-Pacific region, Nycomed has a presence in about 50 markets worldwide.

The combined group employs over 11,500 people. In 2007, it had annual sales of €3.5 billion and an adjusted EBITDA of €1.2 billion.

For more information, visit www.nycomed.com.

About BT

BT is one of the world’s leading providers of communications solutions and services operating in 170 countries. Its principal activities include the provision of local, national and international telecommunications services to customers for use at home, at work and on the move; higher-value broadband and internet products and services; and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale.

In the year ended 31 March 2007, BT Group plc’s revenue was £20,223 million with profit before taxation of £2,484 million.

British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York. For more information, visit www.bt.com/aboutbt.

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.

Microsoft is a U.S. registered trademark of Microsoft Corp.

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 Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2008 and HP’s other 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 October 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.