Hanover Completes Tender Offers & Consent Solicitations

Hanover Compressor (NYSE:HC) has completed its previously announced tender offers and consent solicitations for $550 million of its outstanding senior notes.

On August 20, 2007, Hanover accepted for purchase all of the tendered Notes. As a result, the supplemental indentures effecting certain proposed amendments to the indentures governing the Notes have become operative. The amendments to the indentures eliminate substantially all of the restrictive covenants and eliminate or modify certain events of default in the indentures governing the Notes, as described in the Offer to Purchase and Consent Solicitation Statement dated as of July 19, 2007.

As a result of Hanover's acceptance for purchase of all of its outstanding 9.0% Senior Notes due 2014 and 7.5% Senior Notes due 2013, the indentures relating to those series of Notes are expected to be satisfied and discharged.

As of 5:00 p.m., New York City time, on August 17, 2007, Hanover had received tenders of Notes as displayed in the table below.

                                 Principal    Principal
                       CUSIP        Amount       Amount
Title of Security     Number      Outstanding   Tendered   % Tendered
  8.625% Senior
  Notes due 2010     410768AF2   $200,000,000 $199,915,000     99.96%
9.0% Senior Notes
     due 2014        410768AG0   $200,000,000 $200,000,000       100%
7.5% Senior Notes
     due 2013        410768AH8   $150,000,000 $150,000,000       100%
Wachovia Securities acted as exclusive dealer manager in connection with the tender offers and consent solicitations.