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/ CORRECTION - Ohio Extends Medicaid Contract With HP to Help Prepare for Healthcare Evolution

PALO ALTO, CA -- (Marketwired) -- 12/03/13 -- In the news release, "Ohio Extends Medicaid Contract With HP to Help Prepare for Healthcare," issued earlier today by HP (NYSE: HPQ), we are advised by the company that the quote from the Ohio Department of Medicaid should be removed and mention in the sixth paragraph should be to the "Centers for Medicare & Medicaid Services" rather than "Centers for Medicaid & Medicare Services" as originally issued. Complete corrected text follows.

Ohio Extends Medicaid Contract With HP to Help Prepare for Healthcare Evolution

HP Helps State Transform to More Robust IT Environment to Support Ongoing Reforms

PALO ALTO, CA -- December 3, 2013 -- HP Enterprise Services today announced that the Ohio Department of Medicaid has signed a $180 million agreement for HP (NYSE: HPQ) to continue to manage and enhance the Ohio Medicaid Information Technology System (MITS) and transform the hardware platform on which it runs.

Under the terms of the four-year agreement, which includes a pair of two-year options, HP will help ensure that MITS is a flexible, scalable and stable system. It will support federal policy changes, including the Affordable Care Act and state requirements, and has the potential for up to 600,000 additional Medicaid recipients forecast for the coming years.

HP will package the MITS hardware, monitoring and software as a service to provide agility and scale in facing future challenges.

HP also will provide applications development and management services to help improve the state's ability to handle growth in recipients and claims with accuracy, timeliness and uninterrupted service by adding integrated eligibility. HP also will deploy federally mandated International Classification of Diseases - 10th Revision (ICD-10) medical coding features as required by law.

The technology refresh includes replacing more than 450 servers with HP Integrity Superdome 2 Servers. It also includes the implementation of monitoring tools such as HP ArcSight and increased security with HP software, HP TippingPoint network security, and the HP Encryption SAN Switch. Last year, MITS processed about 127 million provider claims and encounters worth more than $11 billion.

"States nationwide must prepare for federal- and state-driven program changes with systems they can count on to support their needs well into the future," said Susan Arthur, vice president, U.S. Health and Life Sciences Industry, HP Enterprise Services. "Now that the Centers for Medicare & Medicaid Services has certified the system, the HP team will continue to create a more robust platform as the state provides a quality Medicaid program."

HP is the nation's largest provider of Medicaid and Medicare process management services, administering $140 billion in benefits a year. It serves as the fiscal agent or principal IT provider for Medicaid in 19 states. HP's U.S. healthcare experience spans payer, government and life science communities.

About HP
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. With the broadest technology portfolio spanning printing, personal systems, software, services and IT infrastructure, HP delivers solutions for customers' most complex challenges in every region of the world. 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 the need to address the many challenges facing HP's businesses; the competitive pressures faced by HP's businesses; risks associated with executing HP's strategy; the impact of macroeconomic and geopolitical trends and events; the need to manage third party suppliers and the distribution of HP's products and services effectively; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; risks associated with HP's international operations; 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 suppliers, customers and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those 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, 2013 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, 2012. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2013 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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