Press Release:

Renault Selects HP for Global Outsourcing Deal

HP to support Renault's drive for innovation by managing and evolving desktop environment in $150 million deal
PALO ALTO, Calif., March 11, 2005

HP today announced it has been selected by Renault to manage and evolve the leading car manufacturer's global desktop computing environment over the next five years. The deal, which will support all 87,000 of Renault's users in 26 countries worldwide,(1) is valued at $150 million.

Through the deal, Renault plans to benefit from the economies of scale delivered by standardized IT environments, including annual cost reductions and improved service levels. Renault also expects to benefit from a collaborative approach to cost, innovation and quality control. Specifically, the deal includes management of Renault's desktop environment including all PCs, workstations, local and network printers, video conferencing and other equipment.

HP will also provide 24x7 helpdesk and eSupport (online web portal support), asset/license management and mobility solutions enabling access to email and Intranet communications via personal digital assistants. Up to 160 Renault employees are proposed to transfer to HP from a number of worldwide locations.

Additionally, HP will develop an "Expertise Center" for Renault that will advise and support the company in all aspects of its computing solutions going forward. The center, which will operate from a base in France, will focus on the delivery of desktop, hardware, server, mobility solutions and innovations capable of further improving operational efficiency and reducing costs within Renault.

Demonstrating HP's Adaptive Enterprise strategy to enable customers to synchronize business and IT, this project is aimed at helping Renault's technology-oriented functions better support the company's strategy of profitable growth and internationalization.

HP won the competitive bid by proposing a technical solution and services partnership approach that was built upon Renault's existing investments in standardization.

"This deal reinforces HP's presence as a leading, global provider of services and desktop outsourcing," said Pablo Sanchez-Lozano, vice president and general manager, Managed Services - EMEA, HP. "It also clearly demonstrates the power of HP's Adaptive Enterprise strategy. HP will work with Renault to align its technology and business practices to reduce costs and take advantage of emerging market opportunities."

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, 2005, HP revenue totaled $81.8 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at

(1) France, Argentina, Austria, Belgium, Brazil, Chili, Croatia, Czech Republic, Germany, Hungary, Italy, Japan, Mexico, Netherlands, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, South Africa, South Korea, Spain, Switzerland, Turkey and the UK.

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, 2004. 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