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SAP Portals andHPto Jointly Deliver Enterprise Portal Solutions

Customers to Benefit From Rapid Deployment, Reduced Risk and Increased Scalability

PALO ALTO, Calif. - Feb. 28, 2002


SAP Portals, Inc., a wholly owned subsidiary of SAP AG (NYSE: SAP), and Hewlett-Packard Co. (HP) (NYSE: HWP) today announced a global agreement to provide fully integrated and open portal solutions to enterprise customers. The alliance will combine SAP Portals™ enterprise portal and business intelligence solutions withHPtechnology and consulting services to deliver enterprise portal solutions to companies that want to leverage vital information within and beyond their organizational boundaries for strategic advantage, enhanced business efficiency and increased profitability.

SAP Portals andHPwill jointly dedicate engineering resources to port SAP Portals Enterprise Portal™ to run onHP-UX 11i. The SAP Portals Enterprise Portal is a complete solution that delivers business value by integrating collaboration, knowledge management and relevant content and by unifying disparate applications, information and services. SAP Portals Enterprise Portal forHP-UX is expected to be available during the third quarter of 2002.

Building on the success ofHP's relationship with SAP AG, with more than 10,000 SAP® software installations worldwide,HPServices has been named a global consulting and implementation partner for the delivery of all SAP enterprise portal solutions.HPwill develop expert resources worldwide to deliver SAP Portals' enterprise portal and business intelligence onHP-UX andHPNetServer infrastructure - helping customers achieve maximum business value. In addition,HPServices will provide vital support services for SAP Portals solutions.

As part of the agreement, the two companies will further their combined reach in the marketplace and support the creation of innovative technology by establishing customer demo and solution centers. The initial demo center will be located atHP's SAP Portals Competency Center in Walldorf, Germany. The first customer solution center will be located in Grenoble, France. In addition, sales teams and consultants will be cross-trained by both companies, enabling a strong go-to-market initiative.

When AIP, the Portuguese Industrial Association, determined that it needed to provide its association members with an easy-to-use and dynamic catalog Web site that would enable clients to search for information, research and products, the requirements were robust. "The combination ofHP's Netservers with SAP Portals solution assured us with its high level of security and an always-on infrastructure that our business requires," said Eng Carvalho Pereira, AIP director and member of the board. "HPalso presented us with a very manageable financing offer that made the decision an easy one."

"Building on our alliance strategy, we look to industry leaderHPto complement our ability to deliver flexible, scalable, easy-to-administer unified enterprise portal solutions that create measurable value for customers," said Shai Agassi, president and chief executive officer of SAP Portals. "By combining SAP Portals solutions withHP's experience and robust infrastructure, customers will enjoy a highly scalable solution that can be quickly deployed."

"Our alliance with SAP Portals is a natural extension ofHP's long-standing relationship with SAP," said Rick Bartlett, general manager of the Relationship Management Solution Organization atHP. "Not only does the alliance give our current customers the ability to implement SAP Portals solutions critical to their businesses, it also enablesHPand SAP Portals to jointly provide portals solutions to brand-new customers."

AboutHP

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

About SAP Portals

SAP Portals is a wholly owned subsidiary of SAP AG with headquarters in Silicon Valley, Calif. The company employs more than 900 professionals worldwide, with approximately 6 million users and more than 5,000 customers.

SAP Portals empowers collaboration and intelligent action by unifying applications, information and services to achieve higher levels of efficiency, enhance the quality of relationships and maximize value across the business. The SAP Portals portfolio includes enterprise portals, business intelligence, premium content offerings and professional services. SAP Portals provides value-driven solutions that significantly impact companies' total cost of ownership, achieving a return on investment beyond other software providers.

More information about SAP Portals is available on the Web at http://www.sapportals.com or by calling (800) 360-3328.


© 2002 SAP Portals

SAP Portals, SAP, mySAP, mySAP.com, the SAP logo and other SAP products and services mentioned herein are trademarks or registered trademarks of SAP AG in Germany and several other countries.

Other product or service names mentioned herein are the trademarks of their respective owners.


Forward-Looking Statements

This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the results ofHPand its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenues or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements concerning proposed new products, services or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include employee management issues; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks that are described from time to time inHP's Securities and Exchange Commission reports, including but not limited to the annual report on Form 10-K for the year ended Oct. 31, 2000, and subsequently filed reports.HPassumes no obligation and does not intend to update these forward-looking statements.

SAP Portals, Inc., is a wholly owned subsidiary of SAP AG. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "intend," "may," "will," "expect," and "project" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the SAP Annual Report on Form 20-F for 2000 filed with the SEC on March 28, 2001. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

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.