Press Release: July 19, 2012

Germany’s MLP Signs New Outsourcing Agreement with HP

Financial services firm continues migration to utility-based computing model to fuel efficiencies, innovation

BÖBLINGEN, Germany --Hewlett-Packard GmbH today announced that MLPFinanzdienstleistungen AG, a Germany-based independent financialservices and wealth management consulting company, has signed anagreement for HP to continue managing MLP’s information technologyand applications environments.

Under the contract, whichextends the companies’ relationship for 10 years, HP will beginproviding utility-based business process outsourcing services tofuel efficiencies and innovation for MLP.

HP also will combine MLP’sIT infrastructure with its applications environment to build acomprehensive, utility-based service model. This gives MLP theflexibility to rapidly scale IT services up and down to meetchanging business needs.

“Today’s consumer requiresa variety of options to fulfill increasingly complex financialservices needs,” said Reinhard Loose, chief financial officer, MLPFinanzdienstleistungen AG. “As a long-term strategic ally, HPparticipates in initiatives that support existing and futureinnovations, allowing us to focus on delivering top-qualityservices and products to our customers while realizing a highefficiency.”

HP will continue providinga full scope of HP Infrastructure Technology Outsourcing Services. HP DataCenter Services will help to ensure high availability of ITservices and continuous reliable operations. HP will provide HP Network Management Services to remotely manage and monitorMLP’s networks across Germany.

HP also will continueproviding HP Applications Development Services and HP ApplicationsManagement Services, managing MLP’s customer-facing and back-officeapplications. HP’s applications management provides tiered servicelevels to adjust support based on the criticality of eachapplication and to recalibrate spending as technology and theportfolio changes.

With the IT andapplications flexibility, MLP can rebalance technology investmentsas the business requires.

HP will provide theseservices from global delivery centers in Bulgaria, Germany, India, Poland andSlovakia. HP’s model blends the power of its technology portfoliowith global delivery expertise to give clients greater flexibilityand cost efficiency while minimizing risks.

HP hardware—includingservers, storage, desktop and notebook PCs, networking andprinters—is an integrated part of these services.

“To capitalize on growthopportunities, financial services companies like MLP needapplications and business process support that is always availableand easily adaptable to change,” said Mike Nefkens, senior vicepresident and general manager, Enterprise Services—Europe, MiddleEast and Africa, HP. “For more than 10 years, MLP and HP haveworked collaboratively, leading to today’s relationship, in whichour complete services portfolio enables MLP to pursue innovativeofferings with the backing of efficient processes and an optimizedtechnology infrastructure.”

HP’s premier Europe, MiddleEast and Africa client event, HP Discover, takes placeDec. 4-6 in Frankfurt, Germany.

AboutMLP

MLP is Germany’s leadingindependent consulting company. Supported by comprehensiveresearch, the Group provides a holistic consulting approach thatcovers all economic and financial questions for private andcorporate clients, as well as institutional investors. The keyaspect of the consulting approach is the independence frominsurance companies, banks and investment firms. The MLP Groupmanages total assets of more than EUR 20.2 billion and supportsmore than 794,500 private and 5,000 corporate clients or employers.The financial services and wealth management consulting company wasfounded in 1971 and holds a full banking license. Visit http://mlp-ag.com.


This news release containsforward-looking statements that involve risks, uncertainties andassumptions. If such risks or uncertainties materialize or suchassumptions prove incorrect, the results of HP and its consolidatedsubsidiaries could differ materially from those expressed orimplied by such forward-looking statements and assumptions. Allstatements other than statements of historical fact are statementsthat could be deemed forward-looking statements, including but notlimited to statements of the plans, strategies and objectives ofmanagement for future operations; any statements concerningexpected development, performance, market share or competitiveperformance relating to products and services; any statementsregarding anticipated operational and financial results; anystatements of expectation or belief; and any statements ofassumptions underlying any of the foregoing. Risks, uncertaintiesand assumptions include macroeconomic and geopolitical trends andevents; the competitive pressures faced by HP’s businesses; thedevelopment and transition of new products and services (and theenhancement of existing products and services) to meet customerneeds and respond to emerging technological trends; the executionand performance of contracts by HP and its customers, suppliers andpartners; the protection of HP's intellectual property assets,including intellectual property licensed from third parties;integration and other risks associated with business combinationand investment transactions; the hiring and retention of keyemployees; assumptions related to pension and other post-retirementcosts and retirement programs; the execution, timing and results ofrestructuring plans, including estimates and assumptions related tothe cost and the anticipated benefits of implementing those plans;expectations and assumptions relating to the execution and timingof cost reduction programs and restructuring and integration plans;the resolution of pending investigations, claims and disputes; andother risks that are described in HP’s Quarterly Report on Form10-Q for the fiscal quarter ended April 30, 2012 and HP’s otherfilings with the Securities and Exchange Commission, including HP’sAnnual Report on Form 10-K for the fiscal year ended October 31,2011. HP assumes no obligation and does not intend to update theseforward-looking statements.

© 2012 Hewlett-PackardDevelopment Company, L.P. The information contained herein issubject to change without notice. The only warranties for HPproducts and services are set forth in the express warrantystatements accompanying such products and services. Nothing hereinshould be construed as constituting an additional warranty. HPshall not be liable for technical or editorial errors or omissionscontained herein.

Media contacts

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 http://www.hp.com.