1. © 2003 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice Global Citizenship Walt Rosenberg Vice President Corporate, Social and Environmental Responsibility November, 2003

2. page 2 Topics for Today  HP and the World Today  HP’s Global Citizenship Framework  Q & A

3. page 3 Company Information  HP at a glance – Founded1939 – HeadquartersPalo Alto, CA, USA – RevenuesUS$72.B – Employees141,000 – Countries178  Principle Businesses – IT infrastructure – Personal computing and access devices – Global services – Imaging and printing

4. page 4 Events Impacting Today’s Business Landscape  Emphasis on corporate ethics and governance  Post 9/11 reprioritization  Economic uncertainty  Increasing regulatory actions  Shift to product from process based hazardous substance control  Business model transition to outsourcing  Simultaneous globalization and localization forces  Global warming concerns  Technology-centric lifestyles “Our technology, our people, and our legacy give us a unique vantage point and unique capabilities to make lasting and meaningful contributions to the world.” — Carly S. Fiorina, Chairman and Chief Executive Officer

5. page 5 Did You Know?  51 of the 100 biggest economies in the world are now corporations, only 49 are nation states  The 100 largest MNCs now control about 20% of global foreign assets  300 MNCs now account for 25% of the world’s total assets  As much as 40% of world trade now occurs within MNCs  The annual sales revenues of each of the 6 largest multinational corporations are now exceeded by the GDPs of only 21 nation states in the world Corporations like HP have a major role to play

6. page 6 Leadership & Commitment "We believe that the winning companies of this century will be those that not only increase shareholder value but increase social and environmental value. … By developing products and solutions that are environmentally sound, by bringing the benefits of information technology to emerging markets, by holding our company to the highest standards of business conduct, and by giving back to the communities in which we operate, HP is contributing to a more sustainable future while also making HP a stronger company and the preferred IT solutions provider." Carly Fiorina NYSE Magazine Jan/Feb 2003

7. page 7 HP Global Citizenship Framework communications philanthropy policy leadership privacy environmente-inclusion ethics & governance community engagement

8. page 8 Ethics & Governance Ensure that our Business Practices reflect our values by establishing, measuring and managing performance standards to ensure socially responsible behavior

9. page 9 Community Engagement Create and implement innovative programs that align the commitment and accelerate the deployment of HP people in targeted communities for the purpose of sustained economic, social and/or environmental impact

10. page 10 Privacy Enable trusted relationships with our customers and employees by ensuring HP’s global privacy policies are compliant, create a business advantage and support company values

11. page 11 Environmental Sustainability Deliver technologies, products and services that minimize not only our environmental footprint, but also those of our customers through product and material innovation, energy efficiency, end-of-life solutions and sound operations

12. page 12 e-Inclusion Provide people access to greater social and economic opportunities by closing the gap between technology-empowered and technology-excluded communities focusing on sustainability for the community and HP

13. page 13 Philanthropy To make strategic investments of corporate resources to address critical societal issues, engage employees, and enhance business opportunities to increase shareholder value “We call it philanthropy, but I really do view it as a business investment…” “Philanthropy, to be effective,has to be sustainable… the most sustainable motivation there is,is enlightened self-interest.” Carly Fiorina Chairman and CEO Hewlett-Packard

14. page 14 Public Policy Shape public policies and community programs worldwide to position HP as the preeminent internet leader and advance HP’s business and branding objectives

15. page 15 Communications – Visibility is Critical Effective communications and transparency enable our global citizenship framework to take effect:  Extensive internal communication  Interactive communication with external audiences  Global Citizenship report

16. page 16 Global Citizenship Impact sphere of influence employees customers shareholders suppliers community relations government agencies analysts

17. page 17 Key Challenges  Supply Chain—Policy, standards, validation process  Integrated global reporting  e-waste/Lifecycle management of products  Corporate Governance  Global goals & metrics

18. page 18 Summary  HP recognizes the importance of emerging global citizenship issues. - Each organization/company/NGO may define global citizenship differently  We are committed to leadership by example, and will reach our goals through: – Commitment of highest levels of the organization – Engagement and action of employees – Willingness to experiment & learn – Innovation of our products and solutions – Partnerships with key alliances and stakeholders  End result will be a sustainable business enterprise.