Baker Hughes Sells Baker Hughes Mining Tools

HOUSTON, Sept. 14 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated(NYSE: BHI) announced today that it has completed the sale of Baker HughesMining Tools, "BHMT", part of the Hughes Christensen division, to Atlas CopcoNorth America, Inc. As announced on July 28, 2004 the company has classifiedBHMT as a discontinued operation.

BHMT is a leading manufacturer of rotary drill bits used in the worldwidemining industry with 2003 revenues of approximately $40 million.

Baker Hughes is a leading provider of drilling, formation evaluation,completion and production products and services to the worldwide oil and gasindustry.

NOT INTENDED FOR BENEFICIAL HOLDERS.

Contact:
Gary R. Flaharty (713) 439-8039
H. Gene Shiels (713) 439-8822

SOURCE Baker Hughes Incorporated

CONTACT: Gary R. Flaharty, +1-713-439-8039, or H. Gene Shiels,+1-713-439-8822, both of Baker Hughes Incorporated
Web site: http://www.bakerhughes.com

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Baker Hughes Sells Interest in Petreco

HOUSTON, March 1 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated(NYSE: BHI; PCX; EBS) announced today that it has completed the sale of itsminority interest in Petreco International to Cooper Cameron Corporation(NYSE: CAM). The sales price was approximately $36 million. The company doesnot believe the transaction is material to Baker Hughes' financial conditionor results of operations.

Forward Looking Statement

This news release (and oral statements made regarding the subjects of thisrelease) contain forward-looking statements within the meaning of Section 27Aof the Securities Act of 1933, as amended, and Section 21E of the SecuritiesExchange Act of 1934, as amended. The words "believe," and similarexpressions are intended to identify forward-looking statements. TheCompany's expectations with regard to the impact of this transaction aresubject to various factors and conditions. The Company assumes no obligationto update any of the information referenced in this news release. There aremany risks and uncertainties that could cause actual results to differmaterially.

Baker Hughes is a leading provider of drilling, formation evaluation,completion and production products and services to the worldwide oil and gasindustry.

NOT INTENDED FOR BENEFICIAL HOLDERS

Contact:
Gary R. Flaharty (713) 439-8039
Kyle J. Leak (713) 439-8042

SOURCE Baker Hughes Incorporated

CONTACT: Gary R. Flaharty, +1-713-439-8039, or Kyle J. Leak,
+1-713-439-8042, both of Baker Hughes Incorporated
Web site: http://www.bakerhughes.com

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