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HP's equity equivalent programme boosts ICT skills development, job creation

Johannesburg, 22 Aug 2011

HP today commended a group of more than 100 learners who successfully completed their IT learnerships through the HP Business Institute (HPBI), a large-scale enterprise development initiative launched by HP in 2008.

A total of 111 students were honoured for successfully completing their learnerships, referred to as HPBI Techie 101 and HPBI Techie 201. The 12-month learnerships are NQF levels 4 and 5 respectively, and combine theoretical training with practical workplace experience.

Today's group of learners brings the number of learnerships since the programme's inception to 645.

The HP Business Institute forms the cornerstone of HP South Africa's broad-based black economic empowerment strategy. As the first multinational to be granted government approval to implement an equity equivalent programme, the HP Business Institute is a large-scale enterprise development initiative driven primarily through skills development. It seeks to build capacity and drive wealth creation in small to medium enterprises, upskill young graduates and create sustainable employment opportunities.

Speaking at the event in Newtown was Frank van Rees, Managing Director of HP South Africa. “The class of 2011 is evidence of the programme's continued success. Not only do we impart transferrable skills upon these learners, but we equip them to be workplace-ready and become active economic citizens.”

In his address, Van Rees highlighted the fact that 70% of learners on the programme have either gained full-time employment or employment in continued learnerships.

The HP Business Institute programme seeks to align to government's New Growth Path Initiative by placing emphasis on skills and enterprise development. “By working closely with our channel partners and key public and private sector stakeholders, we are enabling a new generation of IT professionals that are equipped to drive economic growth through entrepreneurship and innovation,” added Van Rees.

Nomonde Mesatywa, Chief Director for Black Economic Empowerment at the Department: Trade and Industry, was one of the dignitaries who spoke at the event. “Key strategic partnerships with the private sector are key in catalysing skills development and entrepreneurship for designated groups, specifically black youth and women. This enables entry into the workplace and sustainable black enterprises,” said Mesatywa.

All 111 learners who graduated today have been rated as 100% competent by the Media, Advertising, Information and Communication Technologies Sector Education and Training Authority (MICT Seta). “We have a longstanding relationship with the HP Business Institute. Through this partnership, we have delivered quality learning programmes culminating in employment for young graduates,” said Oupa Mopaki, Chief Executive Officer of the MICT Seta.

The HP Business Institute recently launched a new intake of HPBI Techie 101 and HPBI Techie 201 learners and will continue its regional expansion in 2012 and beyond.

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HP

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This news advisory contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialise 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 or market share 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 macroeconomic and geopolitical trends and events; the competitive pressures faced by HP's businesses; 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 customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2011 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, 2010. HP assumes no obligation and does not intend to update these forward-looking statements.

(c) 2011 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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Editorial contacts

Suzan Zungu
Arcay Corporate Communications
+27 73 052 1079
zungs@arcay.co.za