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PRESS RELEASE
April 18, 2005

HP Expands Business Process Outsourcing Capabilities with New Center in Poland

(WROCLAW, Poland, April 15, 2005) HP today announced plans to invest $50 million over five years to build a new business process outsourcing (BPO) center in Wroclaw, Poland.

The center is expected to help drive commerce to Poland, expand HP's growing BPO business globally and enable the company to offer local financial and accounting services to multinational companies that have pan-European operations.

"The decision to expand HP's BPO business into Poland is a win-win situation for HP and Poland," said Andrezej Dopierala, president, HP Poland. "The country's resources and proximity make it an ideal location for HP to continue the momentum of its services division and the new center will bring new business and jobs to the community."

Wroclaw was selected as the site to meet the increasing demand for outsourced services due to its central location in Europe and well-developed information technology infrastructure. Once the center is developed, it is expected to employ approximately 1,000 employees who will provide financial and accounting services.

"Using a mix of local and global resources allows HP to provide our customers with the services they need, where they need them," said Marc Schwarz, worldwide vice president and general manager, BPO, Managed Services, HP. "By opening a new center in Poland, HP expects to be able to expand its capabilities and provide a solution for customers looking to take advantage of transaction processing on a regional basis."

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 http://www.hp.com


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