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HP Signs Seven-Year Technology and Services Agreement with Global Mining Company Headquartered in Brazil

HP (NYSE:HPQ) today announced it has signed a seven-year technology and services contract with Vale S.A. that will help the global mining company headquartered in Brazil to transform its technology infrastructure and achieve its strategic growth and cost-containment objectives.

The new contract is designed to meet the needs of Vale’s global business by creating a green technology infrastructure that aligns with its environmental sustainability agenda. It utilizes the HP portfolio of energy-efficient data centers, blade servers and PCs. In addition, print solutions that reduce paper usage are included.

Demonstrating a commitment to Brazil, the transformation projects will generate new jobs in the country. Additionally, to further support Vale’s sustainability agenda, HP and Vale plan to donate personal computers to local communities and schools where Vale has a presence.

“Transforming and standardizing our technology foundation gives the Vale team worldwide access to leading technology that enhances business development while promoting sustainability and environmental responsibility,” said Carla Grasso, executive director, Human Resources and Corporate Services, Vale S.A. “We value our deep relationships with the highly skilled HP and Vale teams leading this transformation of one of the world’s largest mining companies and we are excited for the potential of new job opportunities in Brazil.”

The transformation includes consolidation of Vale’s 43 data centers to three primary global centers in Brazil, Canada and Singapore that are centrally managed by HP Business Technology Optimization software. The agreement includes midrange, mainframe, storage and disaster recovery services. HP also will manage Vale’s global communications network, data centers and technology assets. Additionally, HP will provide managed print services.

HP will continue to provide Vale with service desk and site support services delivered in six languages for more than 100,000 employees and contractors operating in 30-plus countries.

The services will be delivered through HP’s global delivery centers, which provide skills and expertise using consistent business and technical processes from locations around the world.

The technology products in the agreement include a full range of HP servers, storage, software, networking devices, printers, personal computers, laptops and thin clients, and mobile devices.

“Transforming the technology infrastructure will help Vale enhance operations, achieve its environmental objectives and reduce costs,” said Ann Livermore, executive vice president, Enterprise Business, HP. “Combining the strength of HP’s portfolio, environmental leadership and service excellence will help Vale achieve its business goals today and into the future.”

About HP

HP, the world’s largest technology company, simplifies the technology experience for consumers and businesses with a portfolio that spans printing, personal computing, software, services and IT infrastructure. More information about HP is available at http://www.hp.com/.

Note to editors: More news from HP, including links to RSS feeds, is available at http://www.hp.com/hpinfo/newsroom/.

This news release 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; any statements regarding 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 macroeconomic and geopolitical trends and events; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2009 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2008. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2009 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.

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