Weatherford Sells Universal Compression Shares

On November 30, 2004, Weatherford International Ltd. (NYSE: WFT) sold 4,000,000 shares of Universal Compression Holdings, Inc.'s (NYSE: UCO) common stock for a net price of $35.45 per share, or total net proceeds of $141,800,000. These shares were sold pursuant to an effective registration statement filed by Universal Compression under the Securities Act of 1933. Immediately following this sale, Weatherford International Ltd. owns 6,750,000 shares, or approximately 21% of Universal's outstanding common stock.