Press Release: November 05, 2012

HP Selected by P&G to Help Improve Supply-chain Efficiency, Speed Products to Market

HP applications support to help power P&G’s “Always On” operating environment

PALO ALTO, Calif. -- HP Enterprise Services today announced that Procter & Gamble (P&G) has selected HP application support to power its “Always On” operating environment, enabling P&G to reach a greater number of consumers in more meaningful ways.

The applications agreement follows a recently announced infrastructure technology services agreement.

HP has supported P&G’s infrastructure and applications environments, as well as many business processes, for more than nine years. Under the terms of the new agreement, HP will be accountable for most of the critical business applications used throughout P&G’s financial and supply-chain systems, including research and development, inventory management, SAP enterprise resource planning, and business intelligence.

HP will integrate P&G systems—including those provided by other vendors—by supporting applications, databases, servers and networks to create a more standard, reliable and transparent technology environment. As a result, P&G expects to enhance the quality and efficiency of its product supply chain, as well as its ability to be innovative—all while reducing overall operating costs.

“For nine years, HP has been our trusted technology partner, consistently delivering quality services with operational excellence,” said Filippo Passerini, group president, Global Business Services, and chief information officer, Procter & Gamble. “We chose HP again because they have strong solutions to achieve the ‘Always On’ business operations P&G needs, which enable us to deliver higher value and efficiencies.”

HP Applications Development Services and HP Applications Management Services will enhance and align P&G’s critical business processes in support of approximately 90 percent of P&G’s mission-critical applications.

These applications have extensive customer, supplier, retailer, distributor and consumer touch points via portals, real-time integration, mobile applications and e-invoicing capabilities. For example, HP developed and manages an application that gives retail salespeople access to customers’ prior beauty-product purchases so they can better guide purchasing decisions.

The applications agreement gives P&G the flexibility to leverage the innovative technologies and services recently awarded to HP as part of the first phase of the relationship renewal agreement. These agreements enhance capabilities and lay the foundation for future technology—such as business intelligence—that is core to finance, planning, production, shipping, and customer and consumer management.

“The supply chain is critical to moving forward the business of every consumer-facing organization,” said Mike Nefkens, HP acting Global Enterprise Services leader. “HP will use its applications and technology expertise to help P&G deliver an efficient and reliable supply chain, so they can get their products to consumers—day in and day out.”

In recognition of HP’s quality and operational excellence, the company received an External Business Partner Excellence Award from P&G in September. This distinction, awarded to the top 0.1% of P&G’s global suppliers, is given to companies performing consistently at high levels within P&G’s internal performance management system.

P&G will leverage HP’s global delivery capabilities for enterprise applications, as well as HP innovation and local expertise at P&G’s strategic locations.

HP’s premier Europe, Middle East and Africa client event, HP Discover, takes place Dec. 4-6 in Frankfurt, Germany.

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, market share or competitive performance relating to products and services; any statements regarding 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 macroeconomic and geopolitical trends and events; the competitive pressures faced by HP’s businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; assumptions related to pension and other post-retirement costs and retirement programs; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; expectations and assumptions relating to the execution and timing of cost reduction programs and restructuring and integration plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2012 and HP’s other filings with the Securities and Exchange Commission, including HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2011. HP assumes no obligation and does not intend to update these forward-looking statements.

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