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HP Announces Global Notes Offering of $750 Million

Press release from the issuing company

PALO ALTO, Calif.--Nov. 29, 2001--Hewlett-Packard Company today announced plans for a $750 million five-year notes offering. Credit Suisse First Boston and Salomon Smith Barney are to manage the deal. The company's existing debt is rated "A2'' with negative outlook by Moody's Investor Service and "AA-'' (CreditWatch negative) by Standard & Poor's. About HP Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services -- is focused on making technology and its benefits accessible to all. HP had total revenue of $45.2 billion in its 2001 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com.