Class Action Lawsuit Commenced Against Baker Hughes, Inc. -BHI- by Bernstein Liebhard & Lifshitz, LLP.

NEW YORK--(BUSINESS WIRE)--Dec. 13, 1999--

The following is an announcement by the law firm of Bernstein Liebhard & Lifshitz, LLP:

A securities class action lawsuit was commenced on behalf of purchasers of the common stock of Baker Hughes Inc.(NYSE:BHI) ("Baker Hughes" or the "Company"), between May 3, 1999 and December 8, 1999, inclusive, (the "Class Period"), in the United States District Court for the Southern District of Texas.

The complaint charges Baker Hughes and certain of its directors and executive officers with violations of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that the defendants issued materially false and misleading statements due to improper accounting practices at its INTEQ drilling unit. As a result of these misrepresentations and omissions, the price of Baker Hughes's common stock was artificially inflated throughout the Class Period.

Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired Baker Hughes common stock during the Class Period.

If you purchased or otherwise acquired Baker Hughes securities during the Class Period, and either lost money on the transaction or still hold the stock, you may wish to join in the action to serve as lead plaintiff.

In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers no later than 60 days from December 9, 1999.

Bernstein Liebhard & Lifshitz, LLP has been retained as one of the law firms to represent the Class. The attorneys at Bernstein Liebhard & Lifshitz, LLP have extensive experience in securities class action cases, and have played lead roles in major cases resulting in the recovery of hundreds of millions of dollars to investors.

If you would like to discuss this action or if you have any questions concerning this Notice or your rights as a potential class member or lead plaintiff, you may contact Mr. Mark Punzalan, Director of Shareholder Relations at Bernstein Liebhard & Lifshitz, LLP, 10 East 40th Street, New York, New York 10016, [phone] or 212-779-1414 or by e-mail at [e-mail].