Report Details HP’s Social, Environmental Achievements in 2005

PALO ALTO, Calif., March 17, 2006, HP today officially unveiled its 2006 Global Citizenship Report, which describes the company’s global citizenship activities worldwide and charts the company’s progress, as well as challenges, for the previous fiscal year.

The report outlines detailed updates on HP’s three global citizenship priority areas: reducing product environmental impacts, raising social and environmental responsibility standards in the supply chain, and increasing access to information technology.

Milestones achieved in these areas by HP in fiscal 2005 include:

* Recycling 140 million pounds of computer hardware and print cartridges - nearly 17 percent more than in 2004 - which represents clear progress toward the company’s goal of recycling 1 billion pounds of materials by the end of 2007.


* The completion of 85 audits against the company’s supplier code of conduct in China, Czech Republic, Hungary, Indonesia, Korea, Malaysia, Mexico, the Philippines, Poland and Thailand, exceeding HP’s goal to audit 75 sites.


* Increased access to information technology in more than 40 countries across six continents through HP’s e-inclusion and philanthropy and education initiatives.


“The 2006 Global Citizenship Report represents our company’s worldwide effort to report transparently on progress we have made against our global citizenship objectives,” said Diana Bell, senior vice president, Corporate Affairs and Total Customer Experience & Quality, HP. “We take pride in our progress and the efforts of our many committed employees, even as we acknowledge the work that lies ahead.”

Where appropriate, HP’s Global Citizenship Report uses Global Reporting Initiative (GRI) guidelines as a basis for reporting. The GRI is a multi-stakeholder institution that publishes globally applicable sustainability reporting guidelines.

The full 2006 Global Citizenship Report is available online at http://www.hp.com/go/report.

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, 2006, HP revenue totaled $87.9 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 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, 2005 and other reports filed after such report. HP assumes no obligation and does not intend to update these forward-looking statements.

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