Hewlett Packard Enterprise Announces Intended Public Offering of Mandatorily Convertible Preferred Stock Page 1

Hewlett Packard Enterprise Company (NYSE: HPE) (“HPE”) today announced that, subject to market and other conditions, it has commenced an offering (“Offering”) of $1.35 billion (27 million shares) of Series C Mandatory Convertible Preferred Stock of HPE (“Preferred Stock”), in an underwritten registered public offering. In addition, HPE expects to grant the underwriters in the Offering a 30-day option to purchase up to an additional $150 million (3 million shares) of Preferred Stock to cover over-allotments, if any. HPE intends to use the net proceeds from the Offering to fund all or a portion of the consideration for its previously announced pending acquisition of Juniper Networks, Inc. (the “Juniper Acquisition”), to pay related fees and expenses and, if there are any proceeds remaining thereafter, for other general corporate purposes.

Each share of Preferred Stock has a liquidation preference of $50.00 per share. Unless previously converted at the option of the holders or redeemed at the option of HPE, each share of Preferred Stock will automatically convert into a number of shares of common stock on or about September 1, 2027, based on the applicable conversion rate. The conversion rates, dividend rate and other terms of the Preferred Stock will be determined at the time of pricing. HPE has the right (but not the obligation) to redeem all, but not less than all, of the Preferred Stock if the Juniper Acquisition is not completed within a specified period. There is currently no public market for the Preferred Stock. HPE intends to apply to list the Preferred Stock on the New York Stock Exchange under the symbol “HPEPrC.”