HP Offers Students and Teachers Exclusive Discounts on Latest Back-to-school Products

PALO ALTO, Calif., July 31, 2006, As students and teachers prepare for a new school year, HP is making it easy to purchase the latest consumer technology products with discounts of up to 15 percent at the HP Home & Home Office Store.

Through the HP Home Stores’ Academic Purchase Program (APP), all eligible students and teachers can benefit from special discounts on HP products when they register at www.hpshopping.com/education.

In addition to being able to customize their notebook and desktop PCs, consumers can receive personalized recommendations by using a “help me choose” tool to input preferences for display size, price and usage needs. HP also offers its award-winning HP Total Care, a 24x7 service, advice, learning and support program to help students and teachers get started with their new PCs or other technology products.

“Through a personalized shopping experience, the HP Home Store ensures students are selecting products that meet their diverse needs and personal styles,” said Susan Boyce, director, Marketing and Sales, HP Home & Home Office Store. “The APP discount offers students as well as teachers a price break on personal technology products that can be used throughout the year.”

Students and teachers can take advantage of additional savings on numerous HP products when using the APP discount in tandem with other back-to-school promotions.

For example, through Aug. 19, students can receive $200 off the HP Pavilion dv8000t and dv8000z series Notebook after instant and mail-in rebates, as well as a free HP Deskjet F380 All-in-One printer, free shipping and an upgrade to Microsoft Windows® XP Media Center Edition.(1)

Students considering the HP Pavilion SlimLine s7500 series can receive instant and mail-in rebates totaling $200 off with the purchase of both the PC and a monitor, with a free upgrade to a 15-inch LCD monitor and free shipping. This promotion is available until Sept. 2.(1)

For added convenience and savings, the HP Home Store also offers qualifying students and teachers an e-financing program that includes no interest and no payment promotions for a limited time.

Further details and additional promotions are available at www.hpshopping.com.

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 April 30, 2006, HP revenue totaled $88.9 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

(1) Pricing, product availability and promotions are subject to change without notice.

Microsoft and Windows are U.S. registered trademarks of Microsoft Corp.

This news advisory contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could 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 but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the achievement of expected results and other risks that are described from time to time in HP’s Securities and Exchange Commission reports, including but not limited to the risks described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2006, and other reports filed after HP’s Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2005. HP assumes no obligation and does not intend to update these forward-looking statements.

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