Press Release: September 24, 2009

HP Signs Seven-year Technology and Services Agreement with Global Mining Company Headquartered in Brazil

HP today announced it has signed a seven-year technology and services contract with Vale S.A. that will help the global mining company headquartered in Brazil to transform its technology infrastructure and achieve its strategic growth and cost-containment objectives.

The new contract is designed to meet the needs of Vale’s global business by creating a green technology infrastructure that aligns with its environmental sustainability agenda. It utilizes the HP portfolio of energy-efficient data centers, blade servers and PCs. In addition, print solutions that reduce paper usage are included.

Demonstrating a commitment to Brazil, the transformation projects will generate new jobs in the country. Additionally, to further support Vale’s sustainability agenda, HP and Vale plan to donate personal computers to local communities and schools where Vale has a presence.

“Transforming and standardizing our technology foundation gives the Vale team worldwide access to leading technology that enhances business development while promoting sustainability and environmental responsibility,” said Carla Grasso, executive director, Human Resources and Corporate Services, Vale S.A. “We value our deep relationships with the highly skilled HP and Vale teams leading this transformation of one of the world’s largest mining companies and we are excited for the potential of new job opportunities in Brazil.”

The transformation includes consolidation of Vale’s 43 data centers to three primary global centers in Brazil, Canada and Singapore that are centrally managed by HP Business Technology Optimization software. The agreement includes midrange, mainframe, storage and disaster recovery services. HP also will manage Vale’s global communications network, data centers and technology assets. Additionally, HP will provide managed print services.

HP will continue to provide Vale with service desk and site support services delivered in six languages for more than 100,000 employees and contractors operating in 30-plus countries.

The services will be delivered through HP’s global delivery centers, which provide skills and expertise using consistent business and technical processes from locations around the world.

The technology products in the agreement include a full range of HP servers, storage, software, networking devices, printers, personal computers, laptops and thin clients, and mobile devices.

“Transforming the technology infrastructure will help Vale enhance operations, achieve its environmental objectives and reduce costs,” said Ann Livermore, executive vice president, HP Enterprise Business. “Combining the strength of HP’s portfolio, environmental leadership and service excellence will help Vale achieve its business goals today and into the future.”

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