Press Release:

KONE Selects HP for Global IT Infrastructure Services

PALO ALTO, Calif. Feb. 28, 2006

HP today announced that it will provide KONE, one of the world's leading elevator and escalator companies, with IT infrastructure services under a seven-year agreement.

HP will consolidate and maintain KONE's servers and local area networks, operate help desks and harmonize desktop computing environments in KONE's global network, which spans 50 countries in Europe, Asia Pacific and the Americas.

"This win is another big step for HP as a global IT service provider," said Pablo Sanchez-Lozano, vice president and general manager, Managed Services - Europe, Middle East and Africa, HP. "We are pleased that KONE is entrusting its IT infrastructure to HP and our capabilities to deliver service excellence and greater IT operations efficiency."

KONE's most extensive IT operations are located in Belgium and Finland. According to the agreement, approximately 100 KONE global information services employees will move to HP. The transition is expected to be finalized by the end of June.

"Partnering with HP enables us to focus on our core activities and, through the economies of scale provided by a globally operating partner, improve our productivity," said Juho Malmberg, executive vice president, Development and Information Services, KONE.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company’s offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended Jan. 31, 2006, HP revenue totaled $87.9 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at

This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they ever materialize or prove incorrect, could cause the results of HP and its consolidated subsidiaries to 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 the expected development, performance or rankings of products or services; statements of expectation or belief; and any statement of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the development, performance and market acceptance of products and services and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to HP's Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2005 and other reports filed after such report. HP assumes no obligation and does not intend to update these forward-looking statements.

About HP

HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at