HP to Acquire EDS for $13.9 Billion

May 13, 2008 — HP today announced that it has signed a definitive merger agreement to purchase EDS at a price of $25.00 per share, or an enterprise value of approximately $13.9 billion.

News release

• EDS shareholders to receive $25.00 per share in cash for each EDS share
• Transaction expected to more than double HP’s revenue from services, furthering its standing as world’s largest technology company

Investor and Media webcasts

The afternoon of May 13, 2008, HP will conduct media and investor audio webcasts to discuss its intent to acquire EDS.

Investor and financial analyst call

The audio webcast for financial analysts and stockholders will begin at 8 a.m. ET / 5 a.m. PT, be hosted by HP Chairman and CEO Mark Hurd and EDS Chairman and CEO Ron Rittenmeyer at www.hp.com/investor/hpedswebcast.

Media webcast

The audio webcast for media will begin at 9 a.m. ET / 6 a.m. PT and be hosted by Hurd and Rittenmeyer at
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=71087&eventID=1850059.