On September 1, 2022 (the “Settlement Date”), HP Inc. (“HP” or the “Company”) completed its previously announced offer to exchange (the “Exchange Offer”) any and all outstanding notes (the “Poly Notes”) of Plantronics Inc. (“Poly”) for up to $500,000,000 aggregate principal amount of new notes issued by the Company (the “HP Notes”), and related solicitation of consents to amend the indenture governing the Poly Notes (the “Poly Indenture”) (such consent solicitation, together with the Exchange Offer, the “Exchange Offer and Consent Solicitation”). Pursuant to the Exchange Offer and Consent Solicitation, $491,116,000 aggregate principal amount of the Poly Notes were validly tendered and accepted by the Company (which represents 98.22% of the total outstanding principal amount of the Poly Notes). As previously announced, at 5:00 p.m., New York City time, on July 18, 2022 (the “Early Participation Date”), the requisite consents to adopt certain proposed amendments (the “Amendments”) to the Poly Indenture were received, and Poly executed the supplemental indenture to the Poly Indenture with respect to the Amendments on July 25, 2022.

Upon the settlement of the Exchange Offer and Consent Solicitation on the Settlement Date, the Amendments became operative. In exchange for the validly tendered and accepted Poly Notes, on the Settlement Date the Company issued $491,116,000 aggregate principal amount of HP Notes. The HP Notes were issued pursuant to the Indenture, dated as of June 17, 2020 (the “Base Indenture”), by and between the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee (the “Trustee”), as supplemented by the Second Supplemental Indenture, dated September 1, 2022 (the “Second Supplemental Indenture” and, together with the Base Indenture, the “Indenture”).

The HP Notes have not been registered under the Securities Act of 1933, as amended (the “Act”), or the securities laws of any other jurisdiction, and may not be offered or sold in the United States or to any U.S. Persons absent registration or an applicable exemption from registration requirements. The terms of the HP Notes require that HP make an offer to purchase the HP Notes at a purchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest to (but excluding) the date of repurchase within 60 days following the closing of the acquisition of Poly. HP has agreed to use commercially reasonable efforts to (i) file a registration statement with respect to a registered exchange offer to exchange the HP Notes for new notes with terms substantially identical to the HP Notes, (ii) cause the registration statement to be declared effective by the Securities and Exchange Commission under the Act and (iii) to consummate the exchange offer on or before the 366th day after September 1, 2022, the date the HP Notes were issued.