HP STATEMENT ON DELL’S LEVERAGED BUYOUT PLAN

(The following is a reformatted version of a statement issued by HP and received via electronic mail. The document was confirmed by the sender.)

PALO ALTO, Calif., February 5, 2013 -- HP today issued the following statement related to Dell’s announcement to enter into an agreement to be acquired by Michael Dell and Silver Lake:

“Dell has a very tough road ahead. The company faces an extended period of uncertainty and transition that will not be good for its customers. And with a significant debt load, Dell’s ability to invest in new products and services will be extremely limited. Leveraged buyouts tend to leave existing customers and innovation at the curb. We believe Dell’s customers will now be eager to explore alternatives, and HP plans to take full advantage of that opportunity.”

Michael Thacker Global Media Relations T +1 650 857 2254

(bjh) NY

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