Baker Hughes Announces Conference Call.

Baker Hughes Incorporated (NYSE: BHI; PCX; EBS) announced today that it has scheduled a conference call on Thursday, February 13, 2003 at 8:30 a.m. eastern, 7:30 a.m. central. During the conference call, the company intends to discuss results for the fourth quarter of 2002, ending December 31, 2002. The results are expected to be released on Thursday, February 13, 2003, before the market opens.

To access the call, which is open to the public, please call the conference call operator at 706-643-3468, 20 minutes prior to the scheduled start time and ask for the "Baker Hughes Conference Call." A replay will be available through Thursday, February 20, 2003. The number for the replay is 706-645-9291, the access code is: 7196856. The conference call and replay will be webcast by CCBN. To access the webcast, go to http://www.bakerhughes.com/investor and select "News Releases", then click on "Conference Calls." Investors can automatically receive Baker Hughes E-mail Alerts when news releases are posted to the company's Internet site. To subscribe, go to http://www.bakerhughes.com/investor and choose "News Releases" and then "E-Mail Alerts."

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

                    NOT INTENDED FOR BENEFICIAL HOLDERS     Contacts:    Gary R. Flaharty (713) 439-8039    gary.flaharty@bakerhughes.com    Kyle J. Leak (713) 439-8042    kyle.leak@bakerhughes.com  

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CONTACT: Gary R. Flaharty, +1-713-439-8039, or gary.flaharty@bakerhughes.com , or Kyle J. Leak, +1-713-439-8042, or kyle.leak@bakerhughes.com , both of Baker Hughes Incorporated

Web site: http://www.bakerhughes.com/investor http://www.bakerhughes.com/