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HOUSTON, Texas November 12, 2003 — Boots & Coots International Well Control, Inc. (Amex: WEL), a global prevention, emergency response and restoration company for the oil and gas industry, reported today that revenues for the third quarter ending September 30, 2003 increased by 132 percent to $8.1 million, compared with revenues of $3.5 million for the same period of 2002. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $2.2 million in the current period compared to $0.2 million in the same period for the prior year.

The Company’s income from continuing operations, excluding one time, non-cash charges of $0.9 million related to settlements of certain liabilities, was $1.4 million for the third quarter (prior year $0.2 million loss on a comparable basis), resulting in a net income for the quarter excluding the same one time, non-cash charges of $0.9 million of $1.7 million (prior year $0.3 million on a comparable basis). After deducting preferred stock dividends, net income attributable to Common Shareholders was $0.7 million for the current period compared to $0.6 million for 2002 three-month period. Basic and diluted earnings per share were $0.03 and $0.03, respectively as compared to $0.06 and $0.05, respectively, for the three-month comparable period.

For the nine months ending September 30, 2003, revenues increased 136 percent to $27 million as compared with revenues of $11.4 million for the same period a year ago. In the current nine-month period EBITDA increased by $9.1 million to $9.3 million.

The Company’s income from continuing operations, excluding one time, non-cash charges of $1.3 million related to settlement of certain liabilities, was $6.9 million for the current nine-month period (prior period $2.0 million loss on a comparable basis) and its income from discontinued operations was $0.4 million (prior period $6.7 million loss), resulting in a net income, excluding one time, non-cash charges of $1.3 million related to settlement of certain liabilities, for the current period of $7.3 million (prior period $8.7 million net loss on a comparable basis). After deducting preferred stock dividends, net income attributable to Common Shareholders was $4.9 million for the nine months ending September 30, 2003, versus a net loss of $10.0 million for the 2002 nine-month period. Basic earnings (loss) per share were $0.24 as compared to ($0.93) for the nine-month comparable period. Diluted earnings (loss) per share were $0.24 as compared to ($0.93) for the nine-month comparable period.

“Results in our Response segment were outstanding, however I do not want to overlook our continued progress in generating ‘non-event’ revenues,” stated Jerry Winchester, Chief Executive Officer. “Excluding equipment sales, our Prevention revenues grew by 23 percent year over year. Continued growth in our Venezuelan operation and in our WELLSUREÒ program is leading the way. During the quarter we also signed two new SafeGuard international agreements. Projected revenues for these contracts are $3 million over the next two years. The Company remains dedicated to growing this segment of predictable base revenues.”

“In addition to the operational results, the Company continues to be successful with its restructuring initiatives,” commented Kirk Krist, Chairman of the Board. “During the quarter, we made strong additions to the Company’s Board of Directors and successfully implemented the reverse stock split with the strong support of our shareholders. Most importantly, we strengthened our balance sheet. There is still more to be done, but I feel we are now well positioned to take advantage of new growth opportunities in our industry.”

Operational highlights include:

· Prevention revenues were $1.7 million and $12.6 million for the third quarter and nine months, respectively. During the third quarter, the Company secured two major SafeGuard contracts worth approximately $3 million over the next two years. The Company also introduced WELLSUREÒ into Canada.

· Response revenues were $6.3 million and $14.4 million for the third quarter and nine months, respectively.

· Revenues earned from Middle East related work were $4.8 million for the third quarter and $17.6 million for the nine-month period, which includes a first quarter equipment sale of $6.6 million.

· At September 30, the Company reported working capital of $7.8 million and long-term debt of $13.5 million.

· Shareholders’ Equity improved $12 million, from a deficit of $14.0 million at December 31, 2002.

· The Company improved its balance sheet and reclassified its subordinated debt into long-term debt.

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