Press Release:

HP Independent Board Members Sam Ginn and Phil Condit to Host Conference Call

What: Hewlett-Packard Company (NYSE:HWP) today announced that Sam Ginn and Phil Condit, independent members of HP's Board of Directors, will host a conference call today, Monday, March 11, 2002, at 1:30 p.m. EST/10:30 a.m. PST to discuss the HP-Compaq merger and address inaccurate statements made by Walter Hewlett on CNBC this morning.

Monday, March 11 at 1:30 p.m. EST/10:30 a.m. PST

Conference Call Number: +1 877 327 2627. It is recommended that you call in 10 to 15 minutes early as lines may need to be redirected. All callers will be connected.

A replay of the conference call will be available at 1:30 p.m. Pacific on March 11 through 1:30 p.m. Pacific on March 18 at The replay number is +1 800 642 1687 for domestic callers and +1 706 645 9291 for international callers. The reservation number is 3523823.

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