Colglazier, York Appointed by Hanover Compressor Company.

HOUSTON -- Hanover Compressor Company (NYSE:HC) announced today that Anita Colglazier has been appointed Vice President, Controller and Chief Accounting Officer and that Stephen York has been appointed Vice President, Investor Relations and Technologies.

In making the announcement, John Jackson, President and Chief Executive Officer, said the promotions further positioned Hanover Compressor Company, a global market leader in compression technology, to "help our organization respond quickly to opportunities in the U.S. and global marketplace. The commitment and financial acumen that Anita and Stephen have demonstrated in the past three years has been instrumental in creating and maintaining a transparent financial organization. Their work in supporting the continued growth of Hanover Compressor and its associated companies is an indication of what I believe will be future success for them and the organization."

Ms. Colglazier, prior to her appointment, served as Director, Financial Reporting and Policy since April 2002. Before joining Hanover, she held various management positions during 18 years with Union Pacific Resources Company (UPRC) (acquired by Anadarko Petroleum in July 2000), including Assistant Controller with UPRC, and then worked as an accounting manager through the transition of UPRC into Anadarko. Prior to UPRC, Anita was an auditor for five years with Deloitte Haskins & Sells, now known as Deloitte. She is a graduate of Texas A&M University and a CPA.

Mr. York's new role will include oversight of investor relations, corporate communications and information technologies. Prior to his appointment, Mr. York served as Vice President and Corporate Controller for Hanover Compressor Company since April 2002. Previously, he held various management positions with increasing responsibility with Bank of America Corporation. He was a senior accountant with KPMG Peat Marwick from 1979 to 1981. He is a graduate of Baylor University and earned an MBA from Queens College.

"Anita and Stephen have distinguished themselves through their leadership and success," said Lee Beckelman, Chief Financial Officer. "Both individuals have led us through the transformation of the company to a more disciplined financial process, to the Oracle(R) Enterprise Planning System, and the establishment of a control framework for Sarbanes-Oxley compliance."

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).