Baker Hughes Declares Regular Quarterly Dividend

HOUSTON, Apr 24, 2002 (BUSINESS WIRE) -- Baker Hughes Incorporated (NYSE:BHI)(PSE:BHI)(EBS:BHI) chairman, president and chief executive officer, Michael E. Wiley, announced today that the Baker Hughes Board declared the regular quarterly cash dividend of $.115 per share of common stock payable May 24, 2002, to holders of record May 6, 2002.

Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

    NOT INTENDED FOR BENEFICIAL HOLDERS.
CONTACT:          Baker Hughes, Houston
                  Gary R. Flaharty, 713/439-8039
                  gary.flaharty@bakerhughes.com
                  or
                  Kyle J. Leak, 713/439-8042
                  kyle.leak@bakerhughes.com

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