Hanover Compressor Company Announces Global Alignment Focused on Eastern Hemisphere, Latin America and U.S. Regions

April 18, 2005

HOUSTON--(BUSINESS WIRE)--April 18, 2005--Hanover Compressor Company (NYSE:HC) announced today that it has aligned its global operations into three key regions (Eastern Hemisphere, Latin America and United States) to strategically position the company for enhanced operational focus and more efficient allocation of company assets and resources. Hanover's Geographical Business Unit organization will report up through these regions.

Norrie Mckay will lead Hanover's Eastern Hemisphere operations covering Europe, Asia, the Middle East and Africa. Mr. Mckay, who will join Hanover in May as Vice President-Eastern Hemisphere, has more than 23 years of international experience in 10 countries with Schlumberger Oilfield Services. During his tenure with Schlumberger, Mr. Mckay served in a number of roles with increasing management responsibilities over a wide number of product lines; he has a proven background in integrating business units around the world. Mr. Mckay will be based in Milan, Italy.

Hanover's Latin American operations will focus on continued growth of this key region. Steve Muck will lead the expanding operations as Vice President-Latin America. Mr. Muck has more than 20 years of experience in the oilfield services industry, with extensive management experience in international operations, including Latin America.

Brian Matusek has been promoted to Senior Vice President-U.S. Operations and Global Services. Mr. Matusek will lead a team responsible for all U.S. operations and for Hanover's U.S. and Canadian product service lines with near-term focus on building operational and cost efficiencies to improve customer relationships and profitability. Additionally, Mr. Matusek will head up Hanover's newly established Global Services group dedicated to optimizing global services delivery of quality assurance, project management, engineering, operations support, asset management and supply chain. Mr. Matusek joined Hanover in 2003 as Vice President of Marketing and Business Development. He has more than 20 years of experience in the compression and oilfield services industries with Production Operators Incorporated and in international operations with Camco and Schlumberger.

"We are pleased to welcome Norrie Mckay," said John Jackson, President and Chief Executive Officer. "Hanover will benefit from Norrie's expertise in the global oilfield and energy service markets as we look to develop emerging opportunities in the Eastern Hemisphere and further our goal to be the 'Total Solutions' provider of natural gas compression, production and processing equipment and services for oil and gas producers worldwide. All of these appointments align the strength of Hanover's management team with the growth opportunities in the Eastern Hemisphere and Latin America, while allowing further development of cost efficiencies and operational effectiveness in the mature U.S. market."

Forward-looking Statements

Certain matters discussed in this presentation are "forward-looking statements" intended to qualify for the safe harbors established by the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can generally be identified as such because of the context of the statement or because the statement includes words such as "believes," "anticipates," "expects," "estimates," or words of similar import. Similarly, statements that describe Hanover's future plans, objectives or goals or future revenues or other financial measures are also forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated as of the date the statements were made. These risks and uncertainties include, but are not limited to changes in economic or political conditions in the countries in which we do business; changes in currency exchange rates; the inherent risks associated with our operations, such as equipment defects, malfunctions and failures and natural disasters; governmental safety, health, environmental and other regulations, which could require us to make significant expenditures; our inability to implement certain business objectives such as international expansion, generating sufficient cash, accessing capital markets, and refinancing existing or incurring additional indebtedness to fund our business; and risks associated with the decreased financial flexibility associated with our substantial debt. A discussion of these and other factors is included in the Company's periodic reports filed with the Securities and Exchange Commission.

About Hanover Compressor Company

Hanover Compressor Company (NYSE: HC) 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 rents this equipment and provides complete operation and maintenance services, including run-time guarantees for both customer-owned equipment and its fleet of rental equipment. Founded in 1990 and a public company since 1997, Hanover's customers include both major and independent oil and gas producers and distributors as well as national oil and gas companies. More information can be found on the Internet (www.hanover-co.com).

CONTACT: Media Relations Inquiries:
Manager, Corporate Communications
Richard Goins, 832-554-4918
E-mail: rbgoins@hanover-co.com
or
Investor Relations Inquiries:
Vice President, Investor Relations and Technology
Stephen York, 832-554-4856
E-mail: syork@hanover-co.com

SOURCE: Hanover Compressor Company