Grant Prideco Announces Departure of Treasurer

Grant Prideco, Inc. said Friday that its Treasurer, Jay Mitchell, will be leaving to take a position with another oilfield service company. Matt Fitzgerald, Chief Financial Officer, will be assuming Jay's responsibilities until a successor is named. Please direct all Investor Relations questions to either Matt Fitzgerald or Quintin Kneen, Director of Business Development. The Company wishes Jay every success in his future endeavors.

Houston-based Grant Prideco is a world leader in drill stem technology development and drill pipe manufacturing, sales and service; a global leader in drill bit technology, manufacturing, sales and service; and a leading provider of high-performance engineered connections and premium tubular products and services.