Press Release:

General Mills Has Named HP Its Preferred IT Vendor in Multi-year Contract

HP to Provide All IT Hardware in 70 Countries Worldwide

HP (NYSE: HPQ) today announced that General Mills, a $13 billion global manufacturer and marketer of consumer food products, has signed a three-year, multi-million dollar agreement making HP its preferred IT vendor. The worldwide agreement covers all of the General Mills divisions in the 70 countries in which it operates.

"We went through the standard RFP process, accepting bids from a number of vendors," said Gary Carlson, director of IT, General Mills. "HP not only had the most competitive pricing, but also had the most breadth in products and services to offer."

HP is now able to provide all of General Mills' IT hardware needs. This latest agreement covers notebooks, desktop PCs and industry-standard HP ProLiant servers. General Mills uses ProLiant servers for all of its Windows® 2000 applications as well as its Web servers, file and print servers and e-mail servers. Prior to this agreement, the company was already using HP's UNIX servers for its SAP applications.

"Partners and customers choose to work with HP with increasing frequency because of the breadth of our technologies and services, and because we are intimately familiar with the challenges and needs facing business and IT executives today," said Jim Milton, senior vice president and Americas managing director, HP. "The new HP is focused on customers and their needs with laser-like precision and as a result we're already demonstrating tremendous momentum in the marketplace."

About HP

HP is a leading global provider of products, technologies, solutions and services to consumers and businesses. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. HP merged with Compaq Computer Corp. on May 3, 2002. The merged company had combined revenue of approximately $81.7 billion in fiscal 2001 and operations in more than 160 countries. More information about HP is available at

Windows is a U.S. registered trademark of Microsoft Corp. UNIX is a registered trademark of the Open Group.

This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they never 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. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include employee management issues; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; the difficulty of keeping expense growth at modest levels while increasing revenues; 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, as amended on January 30, 2002, for the fiscal year ended October 31, 2001, HP's quarterly report on Form 10-Q for the quarter ended January 31, 2002 (as filed with the SEC on March 12, 2002) and subsequently filed reports. 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