HP and Tesco Sign Agreement to Roll Out HP ML1000D Dry Lab Technology Across All Tesco Extra Stores

HP (NYSE:HPQ) today announced an agreement with Tesco to roll out HP ML1000D dry lab technology across 140 Tesco Extra stores beginning in April.

The expansion of the companies’ photo business relationship will allow all Tesco customers to access HP photo technology in-store and print photographs in a variety of sizes. In addition, customers will be able to print in-store gifts such as posters, photo books and calendars.

The HP ML1000D, one of the most versatile and fastest dry minilab printers on the market today, will be showcased at the PMA tradeshow (Feb. 21-23) at booth 3120. The printer allows for double-sided photo book pages and calendars in one hour while significantly freeing up labor, saving energy, and reducing chemical and water waste.⁽¹⁾

Additional news is available in an online press kit at www.hp.com/go/pma2010.

HP at PMA 2010

During PMA 2010, Vyomesh Joshi, executive vice president of the Imaging and Printing Group at HP, will deliver a keynote speech at the Digital Imaging Manufacturers Association (DIMA) luncheon addressing how HP is transforming the photo industry. The luncheon is scheduled for Saturday, Feb. 20 from 11:45 a.m.-1 p.m. in Ballroom C on the third floor of the Anaheim Convention Center.

Other HP executives will address various topics within the photo industry as part of the following DIMA conference sessions at the Anaheim Convention Center:

• "D33: Photo Publishing Software Shoot-Out” featuring Jorge Simal, HP Retail Publishing Solutions – Saturday, Feb. 20, 10:30-11:40 a.m., Room 304C
• "D41: Commercial Imaging: Fabric and Other Profitable Substrates for Inkjet Printing” featuring Claudia Barbiero, HP Graphics Solutions – Saturday, Feb. 20, 1-2:10 p.m., Room 304A
• "D43: Photo Publishing: ‘Dry’ Printer Roundup” featuring Alex Liff, HP Retail Publishing Solutions – Saturday, Feb. 20, 1-2:10 p.m., Room 303A
• "D76: Photo Publishing: Advanced On-Demand Variable Data” featuring Yishai Amir, HP Graphics Solutions – Monday, Feb. 22, 1-1:50 p.m., Room 304B

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at http://www.hp.com.

(1) Based upon manufacturers’ dry retail lab printer published specifications as of February 2010.

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 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, 2009. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2010 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 constructed as constructing an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.