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Sara Lee International Extends Services Contract with HP for Spanish and Portuguese IT Operations

PALO ALTO, Calif., Jul 20, 2006

HP today announced that Sara Lee International has extended its services contract with HP for its international bakery operations in Spain and Portugal.

As part of the five-year agreement, HP will supply Sara Lee International with infrastructure outsourcing and IT services, including data center, SAP infrastructure, application support, messaging, help desk, local area network and desktop management.

“The extended partnership with HP will enable us to continue to focus on our core operations while our IT services are managed by HP’s global services experts,” said Steve Merry, VP Chief Information Officer, Sara Lee International.

HP has been supporting Sara Lee International’s central IT infrastructure and associated services since their original contract was signed in December 2000.

“This agreement furthers the worldwide collaboration between our companies, bringing additional service excellence and IT agility to Sara Lee International, as well as helping them focus even more on business efficiency,” said Richard Newman, global client director for Sara Lee International, HP.

More information about HP Services is available at www.hp.com/services.

About Sara Lee

Sara Lee International, which is a Netherlands-based business of Sara Lee Corporation, manages all coffee & tea and bakery operations outside North America, as well as the worldwide household & body care operations. Sara Lee Corporation ( www.saralee.com) is a Chicago-based global manufacturer and marketer of high-quality, brand-name products for consumers throughout the world. In February 2005, the company began executing a bold and ambitious multi-year plan to transform Sara Lee into a company focused on its food, beverage, and household and body care businesses around the world. As part of its transformation plan, Sara Lee will drive growth in its key categories via such strong brands as Ball Park, Douwe Egberts, Hillshire Farm, Jimmy Dean, Kiwi, Sanex, Senseo and its namesake, Sara Lee.

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 April 30, 2006, HP revenue totaled $88.9 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.


This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could 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 but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the achievement of expected results and other risks that are described from time to time in HP’s Securities and Exchange Commission reports, including but not limited to the risks described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2006, and other reports filed after HP’s Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2005. HP assumes no obligation and does not intend to update these forward-looking statements.

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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.