HP Inc. announced that it has extended the expiration date of the previously announced offer to exchange (the Exchange Offer) any and all outstanding notes (the Poly Notes) of Plantronics Inc. for up to $500,000,000 aggregate principal amount of new notes to be issued by the Company (the HP Notes). HP hereby extends such expiration date from 11:59 p.m., New York City time, on August 1, 2022, to 5:00 p.m., New York City time, on August 15, 2022 (as the same may be further extended, the Expiration Date). At 5:00 p.m., New York City time, on July 18, 2022 (the Early Participation Date), the previously announced solicitation of consents to adopt certain proposed amendments (the Amendments) to the indenture governing the Poly Notes (the Poly Indenture) expired.

The requisite consents were received to adopt the Amendments with respect to all outstanding Poly Notes at the Early Participation Date, and Poly executed the supplemental indenture to the Poly Indenture with respect to the Amendments on July 25, 2022. The Amendments will become operative only upon the settlement of the Exchange Offer. The Exchange Offer is being made pursuant to the terms and subject to the conditions set in the offering memorandum and consent solicitation statement dated June 27, 2022 (as amended from time to time prior to the date hereof, the Offering Memorandum and Consent Solicitation Statement), and is conditioned upon the closing of the Company's acquisition of Poly (the Acquisition), which condition may not be waived by HP, and certain other conditions that may be waived by HP.

The settlement date for the Exchange Offer will be promptly after the Expiration Date and is expected to occur no earlier than the closing date of the Acquisition, which is expected to be completed by the end of the calendar year 2022, subject to customary closing conditions, including regulatory approvals. Except as described in this press release, all other terms of the Exchange Offer remain unchanged. As of 5:00 p.m., New York City time, on August 1, 2022, holders validly tendered $490,556,000 in aggregate principal amount of Poly Notes pursuant to the Exchange Offer.

Tenders of Poly Notes made pursuant to the Exchange Offer may be validly withdrawn at or prior to the Expiration Date.