Board of Directors

Wednesday April 29, 12:38 pm Eastern Time

Company Press Release

Lufkin Industries Announces Resignation of Robert T. Blakely From Board Of Directors

LUFKIN, Texas, April 29--

Lufkin Industries, Inc. (Nasdaq: LUFK) today announced the resignation of Robert T. Blakely from its Board of Directors. Mr. Blakely, who joined the Company's Board in February 2003, was recently named Executive Vice President and Chief Financial Officer of MCI and, in his letter of resignation, cited the time commitment required in this new position as the reason for his decision.

Douglas V. Smith, President and Chief Executive Officer of Lufkin Industries said, "While we are disappointed by Bob's brief tenure on our Board, we also appreciate the challenges before him in his new position, and we wish him well."

Lufkin Industries, Inc. sells oil field pumping units, power transmission products, foundry castings, and highway trailers throughout the world. The Company has vertically integrated all vital technologies required to design, manufacture, and market its products.


Contact:

Lufkin Industries Inc., Lufkin
R.D. Leslie, 936/637-5325