Baker Hughes Declares Dividend

January 26, 2000. Houston, Texas - Baker Hughes Incorporated (BHI-NYSE, PSE and EBS), President, Chairman and Chief Executive Officer, Max L. Lukens announced today that the Baker Hughes Board declared the regular quarterly cash dividend of $.115 per share of common stock payable February 25, 2000, to holders of record February 7, 2000.

Baker Hughes is a leading supplier of reservoir-centered products, services and systems to the worldwide oil and gas industry and is a leading supplier of separation technologies to the worldwide process industries.

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NOT INTENDED FOR BENEFICIAL HOLDERS

Contact:
Gary R. Flaharty
(713) 439-8039
gary.flaharty@bakerhughes.com