HURCO EXTENDS ODD LOT TENDER OFFER

         INDIANAPOLIS--(BUSINESS WIRE)--August 1, 2003 . . . Hurco Companies,
Inc. (NASDAQ: HURC) today announced that the expiration date of its 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 has been extended to
5:00 p.m., New York City time, on Tuesday, September 2, 2003. The offer had been
scheduled to expire at 5:00 p.m., New York City time, on Thursday, July 31,
2003.

         To date, the Company has received tenders from 45 holders eligible to
participate in the offer (exclusive of those holding their shares in street
name), who in the aggregate have tendered 1,699 shares of common stock. In
addition, 56 eligible holders holding their shares in street name have tendered
4,627 shares.

         The Company will pay $3.35 for each share purchased in the tender
offer. 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, and 48.9% over the last sale price on July 31,
2003.
         The offer is not conditioned on the receipt of any minimum number of
tenders.
         If, after completion of the tender offer, the Company has fewer than
300 stockholders of record, the Company intends to terminate the registration of
its common stock under the Securities Exchange Act of 1934 and become a
non-reporting company. If that occurs, the Company will no longer file periodic
reports with the Securities and Exchange Commission, including annual reports on
Form 10-K and quarterly reports on Form 10-Q, and will not be subject to the
SEC's proxy rules. In addition, the common stock will no longer be eligible for
trading on the Nasdaq market.

         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.

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, as amended.

         Contact: Roger J. Wolf
                  Sr. Vice President and CFO Hurco Companies, Inc.
                  317-293-5309