Press Release

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Global Marketing Communications Leader
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BP Chooses Dresser Wayne as Sole Dispenser Supplier

Global Agreement is for Five Years.

AUSTIN, TX (July 9, 2004)—Dresser Wayne, a leader in the design and development of technology for the retail petroleum industry, today announced that it recently entered into a five-year global dispenser sole supply agreement with BP. The relationship is intended to challenge both parties to develop innovative business solutions that will create significant improvement in overall performance and benefit both BP and Dresser Wayne.

“We are excited about the opportunity to become BP’s sole global supplier,” said John Ryan, President of Dresser Wayne. “Our long relationship with BP combined with our history of industry-leading product development and the depth of our global operations match up well with BP’s scope and direction.”

A key element in the selection process was Wayne’s history of being first to market with new technology and products including, among others, pay at the pump and the forward-thinking Ovation® dispenser.

About Wayne Fueling Systems

Wayne Fueling Systems is one of the world’s largest suppliers of fuel dispensers, payment terminals, forecourt control devices, point-of-sale and other measurement and control solutions to the retail and commercial fueling industry. Wayne has been at the forefront of innovation since it was founded in 1891 and is responsible for many of the breakthrough technologies that have transformed fuel retailing. Through a global network of distributors and service partners, Wayne products are sold and supported in over 140 countries around the world. Headquartered in Austin, Texas, Wayne also has major design and assembly operations in Sweden, Brazil and China. www.wayne.com

7/9/2004 8:00:00 AM