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HP Subsidiary Indigo N.V. to Delist from Nasdaq and Deregister Its Common Shares with SEC

HP to Seek Compulsory Acquisition of Remaining Indigo Shares

Hewlett-Packard Company's (NYSE:HWP) indirect subsidiary Indigo N.V. (Nasdaq:INDG), a company organized under the laws of The Netherlands, has informed the staff of the Nasdaq that it will delist its common shares from the Nasdaq National Market.

As of the close of the market on April 10, 2002, Indigo's common shares will no longer be quoted for trading on any tier of Nasdaq. As a result, any subsequent transfer of Indigo common shares will require the execution of a notarial deed of transfer, which must be executed in The Netherlands in the presence of a civil law notary practicing in The Netherlands; otherwise such transfer will be null and void under the controlling provisions of the Dutch Civil Code.

Indigo also intends to file a Form 15 to deregister its common shares under the Securities Exchange Act of 1934 as of April 11, 2002. Among other things, deregistration would reduce the information that Indigo must furnish to its shareholders and to the Securities and Exchange Commission and would cause Indigo to no longer be subject to various SEC rules.

In addition and pursuant to article 2:92a of the Dutch Civil Code, HP intends to commence a compulsory acquisition of the remaining outstanding Indigo common shares that it does not control. Upon the completion of the compulsory acquisition process, which is subject to the jurisdiction of the Enterprise Division of the Court of Appeals in Amsterdam, The Netherlands, it is expected that Indigo will become a wholly-owned and indirect subsidiary of HP.

About Indigo

Indigo N.V. is a leader in digital color printing systems. Indigo's digital offset color technology combines the quality of ink-based offset printing with the performance advantages of electronic imaging. On March 22, 2002, Hewlett-Packard Company completed its exchange offer for all outstanding shares of Indigo N.V. under a previously announced offer agreement between the two companies. HP and its affiliates currently own more than 96 percent of the total number of outstanding Indigo shares, including shares issuable upon the exercise of outstanding warrants held by parties other than HP.

About HP

Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services -- is focused on making technology and its benefits accessible to all. HP had total revenue of $45.2 billion in its 2001 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com.


This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the execution of integration and restructuring plans relating to the acquisition of Indigo or other planned acquisitions. Risks, uncertainties and assumptions include the possibility that HP's compulsory acquisition of the remaining outstanding Indigo common shares may be delayed or may never be completed; that the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; the challenges of integration and restructuring associated with the exchange offer, or other planned acquisitions and the challenges of achieving anticipated synergies; the possibility that other planned acquisitions may not close or that HP or other parties to planned acquisitions may be required to modify some aspects of the acquisition transactions in order to obtain regulatory approvals; and other risks that are described from time to time in HP's and Indigo's Securities and Exchange Commission reports, including but not limited to HP's annual report on Form 10-K, as amended on January 30, 2002, for the fiscal year ended October 31, 2001, Indigo's annual report on Form 20-F for the year ended December 31, 2000, and HP's registration statement on Form S-4 filed on February 14, 2002 in relation to the exchange offer, as well as subsequently filed reports by HP.

Neither HP nor Indigo assumes any obligation nor intends 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.