PALO ALTO, Calif., Feb. 2, 2007

HP today announced plans to withdraw the listing of its common stock from the Nasdaq Global Select Market.

HP’s common stock will continue to be listed on the New York Stock Exchange.

HP has decided to withdraw its listing from Nasdaq to reduce the costs of exchange listing fees and administrative burdens associated with a dual listing.

The company does not believe that withdrawing its listing from Nasdaq will have any impact on the liquidity of its stock.

About HP

HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $91.7 billion for the four fiscal quarters ended Oct. 31, 2006. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

© 2007 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.