Sara Lee Extends Contract With HP for Technology Operations

HP (NYSE:HPQ) today announced that Sara Lee Corporation (NYSE:SLE) has renewed its infrastructure outsourcing services contract for additional seven years and has extended management of operations in 10 countries to more than 35. The agreement will enable Sara Lee to increase its focus on improving operational efficiencies to drive innovation and cost savings. As part of the new agreement, HP will supply Sara Lee with infrastructure outsourcing services, including central and local end-user support services. HP also will provide Sara Lee with data center and network services in Europe, the Middle East and Africa, Latin America and Asia. "We are focused on customer and operational excellence in order to meet our aggressive growth plans,” said Steve Merry, senior vice president and chief information officer, Sara Lee Corporation. "As our partner, HP plays an integral role contributing to our success by consistently delivering quality services.” Richard Newman, global client director for the worldwide Sara Lee account at HP, said, "By bringing additional service and technology excellence to Sara Lee, HP will help the company focus on driving business efficiency to meet its growth objectives. This agreement builds on the strong worldwide collaboration between our companies.” HP has been supporting Sara Lee’s technology infrastructure with associated services since December 2000, when the companies signed their original outsourcing services contract. More information about HP Services is available at www.hp.com/services. About Sara Lee Each and every day, Sara Lee (NYSE:SLE) delights millions of consumers and customers around the world. The company has one of the world’s best-loved and leading portfolios with its innovative and trusted food, beverage, household and body care brands, including Ambi Pur, Ball Park, Douwe Egberts, Hillshire Farm, Jimmy Dean, Kiwi, Sanex, Sara Lee and Senseo. Collectively, these brands generate more than $12 billion in annual net sales covering approximately 200 countries. The Sara Lee community consists of 52,000 employees worldwide. Please visit www.saralee.com for the latest news and in-depth information about Sara Lee and its brands. About HP HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $107.7 billion for the four fiscal quarters ended Jan. 31, 2008. More information about HP is available at www.hp.com. Note to editors: More news from HP, including links to RSS feeds, is available at www.hp.com/hpinfo/newsroom/. 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 the expected benefits and costs of the transaction; management plans relating to the transaction; the expected timing of the completion of the transaction; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; risks related to the timing or ultimate completion of the transaction; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2008 and HP’s other 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, 2007. HP assumes no obligation and does not intend to update these forward-looking statements. © 2008 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.