| Issuer: | Hanover Compressor Company | |
| Security Description: | Senior Notes | |
| Distribution: | SEC Registered | |
| Face: | $150,000,000 | |
| Gross Proceeds: | $150,000,000 | |
| Net Proceeds to Issuer (Before Expenses): | $146,625,000 | |
| Coupon: | 7.500% | |
| Maturity: | April 15, 2013 | |
| Offering Price: | 100.000% | |
| Yield to Maturity: | 7.500% | |
| Spread to Treasury: | +280 bps | |
| Benchmark: | UST 3.625% 5/13 | |
| Ratings: | B3/B | |
| Interest Pay Dates: | April 15 and October 15 | |
| Beginning: | October 15, 2006 | |
| Clawback: | Up to 35% at 107.5% | |
| Until: | April 15, 2009 | |
| Optional redemption: | Make-whole call @T+50 bps prior to April 15, 2010, then: | |
| April 15, 2010: | 103.750% | |
| April 15, 2011: | 101.875% | |
| April 15, 2012 and thereafter: | 100.000% | |
| Change of control: | Put @ 101% of principal plus accrued interest | |
| Trade Date: | March 27, 2006 | |
| Settlement Date: | (T+4) March 31, 2006 | |
| CUSIP: | 410768AH8 | |
| ISIN: | US410768AH87 | |
| Bookrunners: | JPMorgan Credit Suisse | |
| Co-Managers: | Citigroup Deutsche Bank Securities Morgan Stanley Wachovia Securities |
