HURCO ANNOUNCES ODD-LOT TENDER OFFER


         INDIANAPOLIS--(BUSINESS WIRE)--June 3, 2003--Hurco Companies, Inc.
(Nasdaq:HURC) today announced that it has commenced a tender offer for the
purchase of all shares of its common stock held by persons owning 99 or fewer
shares as of the close of business on June 2, 2003. The Company will pay $3.35
for each share properly tendered by an eligible stockholder. This price
represents a premium of 19.6% over the last sale price of the common stock on
the Nasdaq National Market on June 2, 2003, the last trading day prior to the
date of the offer.

         The offer is not conditioned on the receipt of any minimum number of
tenders. The Company has reserved the right to withdraw the offer if it
determines that it is inadvisable to proceed with the offer for any reason.

         The offer will expire at 5:00 p.m., New York City time, on Tuesday,
July 1, 2003, unless extended or terminated earlier. Eligible stockholders who
would like to accept the offer must tender all shares that they own. Partial
tenders will not be accepted.

         Questions or requests for documents may be directed to Innisfree M&A
Incorporated, the Information Agent for the offer, by telephone at (888)
750-5834 (toll free) or in writing at 501 Madison Avenue, 20th Floor, New York,
New York 10022.

         Hurco Companies, Inc. is an industrial technology company that designs
and produces interactive computer controls, software and computerized machine
tools for the worldwide metal cutting and metal forming industry. The end market
for the Company's products consists primarily of independent job shops and
short-run manufacturing operations within large corporations in industries such
as the aerospace, defense, medical equipment, energy, transportation and
computer equipment. The Company is based in Indianapolis, Indiana, and has
sales, application engineering and service subsidiaries in High Wycombe,
England; Munich, Germany; Paris, France; Milan, Italy; Shanghai, China and
Singapore, along with manufacturing operations in Taiwan. Products are sold
through independent agents and distributors in the United States, Europe and
Asia. The Company also has direct sales forces in the United Kingdom, Germany,
France, Italy, and Asia.

Web Site:  www.hurco.com

This announcement is not an offer to purchase or a solicitation of an offer to
purchase with respect to the common stock. The tender offer is being made upon
the terms and subject to the conditions set forth in the Offer to Purchase and
the accompanying Letter of Transmittal, each dated June 3, 2003.

CONTACT: Roger J. Wolf
                  Senior Vice President
                  Chief Financial Officer
                  (317) 293-5309