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Germany's MLP Signs New Outsourcing Agreement With HP

Financial Services Firm Continues Migration to Utility-Based Computing Model to Fuel Efficiencies, Innovation (July 19, 2012)

BOBLINGEN, GERMANY -- (Marketwire) -- 07/19/12 -- Hewlett-Packard GmbH today announced that MLP Finanzdienstleistungen AG, a Germany-based independent financial services and wealth management consulting company, has signed an agreement for HP (NYSE: HPQ) to continue managing MLP's information technology and applications environments.

Under the contract, which extends the companies' relationship for 10 years, HP will begin providing utility-based business process outsourcing services to fuel efficiencies and innovation for MLP.

HP also will combine MLP's IT infrastructure with its applications environment to build a comprehensive, utility-based service model. This gives MLP the flexibility to rapidly scale IT services up and down to meet changing business needs.

"Today's consumer requires a variety of options to fulfill increasingly complex financial services needs," said Reinhard Loose, chief financial officer, MLP Finanzdienstleistungen AG. "As a long-term strategic ally, HP participates in initiatives that support existing and future innovations, allowing us to focus on delivering top-quality services and products to our customers while realizing a high efficiency."


HP will continue providing a full scope of HP Infrastructure Technology Outsourcing Services. HP Data Center Services will help to ensure high availability of IT services and continuous reliable operations. HP will provide HP Network Management Services to remotely manage and monitor MLP's networks across Germany.

HP also will continue providing HP Applications Development Services and HP Applications Management Services, managing MLP's customer-facing and back-office applications. HP's applications management provides tiered service levels to adjust support based on the criticality of each application and to recalibrate spending as technology and the portfolio changes.

With the IT and applications flexibility, MLP can rebalance technology investments as the business requires.

HP will provide these services from global delivery centers in Bulgaria, Germany, India, Poland and Slovakia. HP's model blends the power of its technology portfolio with global delivery expertise to give clients greater flexibility and cost efficiency while minimizing risks.

HP hardware -- including servers, storage, desktop and notebook PCs, networking and printers -- is an integrated part of these services.

"To capitalize on growth opportunities, financial services companies like MLP need applications and business process support that is always available and easily adaptable to change," said Mike Nefkens, senior vice president and general manager, Enterprise Services -- Europe, Middle East and Africa, HP. "For more than 10 years, MLP and HP have worked collaboratively, leading to today's relationship, in which our complete services portfolio enables MLP to pursue innovative offerings with the backing of efficient processes and an optimized technology infrastructure."

HP's premier Europe, Middle East and Africa client event, HP Discover, takes place Dec. 4-6 in Frankfurt, Germany.

About MLP
MLP is Germany's leading independent consulting company. Supported by comprehensive research, the Group provides a holistic consulting approach that covers all economic and financial questions for private and corporate clients, as well as institutional investors. The key aspect of the consulting approach is the independence from insurance companies, banks and investment firms. The MLP Group manages total assets of more than EUR 20.2 billion and supports more than 794,500 private and 5,000 corporate clients or employers. The financial services and wealth management consulting company was founded in 1971 and holds a full banking license. Visit http://mlp-ag.com.

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.

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, market share or competitive performance 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 competitive pressures faced by HP's businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; assumptions related to pension and other post-retirement costs and retirement programs; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; expectations and assumptions relating to the execution and timing of cost reduction programs and restructuring and integration plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2012 and HP's other filings with the Securities and Exchange Commission, including HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2011. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2012 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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