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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.


This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they ever 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 and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected development, performance or rankings of products or services; statements of expectation or belief; and any statement of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the development, performance and market acceptance of products and services 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 for the fiscal year ended Oct. 31, 2004. 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 http://www.hp.com.