Hanover Compressor Company Third Quarter 2003 Earnings Conference Call

October 23, 2003

HOUSTON--(BUSINESS WIRE)--Oct. 23, 2003--Hanover Compressor Company (NYSE:HC) announced today that it will host a conference call at 11:00 a.m. Eastern Time, Wednesday, November 5, 2003 to discuss financial results for the third quarter ended September 30, 2003 and other matters. To access the call, US and Canadian participants should dial (800) 601-8584, international participants should dial (706) 643-1959 at least ten minutes before the scheduled start time. Please reference Hanover conference call number 3553855. For those unable to participate, a replay will be available from 2:00 p.m. Eastern Time on Wednesday, November 5th until midnight on Wednesday, November 12th. To listen to the replay, please dial (800) 642-1687 in the United States and Canada, or (706) 645-9291 internationally, enter access code 3553855. Additionally, the conference call will be broadcast live over the internet. To access the webcast, log onto the company's web site (www.hanover-co.com) and click on the webcast link located on the company's home page.

About Hanover Compressor

Hanover Compressor Company (www.hanover-co.com) is a global market leader in full service natural gas compression and a leading provider of service, fabrication and equipment for oil and natural gas processing and transportation applications. Hanover sells and provides this equipment on a rental, contract compression, maintenance and acquisition leaseback basis to oil and natural gas production, processing and transportation companies that are increasingly seeking outsourcing solutions. Founded in 1990 and a public company since 1997, Hanover's customers include both major and premier independent oil and gas producers as well as national oil and gas companies.

The webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.fulldisclosure.com or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com).

    CONTACT: Hanover Compressor Company
             Lee Beckelman, 281-405-6224
             lbeckelman@hanove-co.com

    SOURCE: Hanover Compressor Company