SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft

Publication in accordance with § 7 para 4 and § 7 para 2 L. 1 to 4

Veröffentlichungsverordnung 2002 (Regulation on Publications 2002)

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shares

Ternitz (euro adhoc) - SHARE BUYBACK PROGRAM

SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft

Publication in accordance with § 7 para 4 and § 7 para 2 L. 1 to 4
Veröffentlichungsverordnung 2002 (Regulation on Publications 2002)

Share Buyback Program 2007

SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft based in
Ternitz, with its registered address at 2630 Ternitz, Austria,
Hauptstraße 2, FN (company number) 102.999 w, announces that the
share buyback program, announced June 8, 2007, has been completed.

Within the framework of the resolution passed by the Annual General
Meeting of SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft,
which took place on April 19, 2007, the Executive Board was
authorized to buy back own shares pursuant to § 65 Par. 1 L. 8 of the
Stock Corporation Act at the highest legally permissible level during
a period of validity amounting to 18 months starting with the day in
which the resolution was passed. The value per share to be acquired
was not permitted to be below EUR 1 and not above EUR 100. This
resolution was published on April 23, 2007 on the Website of the
company, at the following Internet address: http://info.sbo.at.

Transactions Implemented:

Date: 21.1.2008
Number of shares: 48,298
Share of equity capital: 0.3018%
Highest value per share: 44.20
Lowest value per share: 41.50
Weighted average share price: 42.68
Value of shares acquired: 2,061,262.04
Inside / outside stock exchange --

Ternitz, 23.4.2008

end of announcement euro adhoc
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ots Originaltext: Schoeller-Bleckmann Oilfield Equipment AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Gernot Bauer, Head of Investor Relations,

Schoeller-Bleckmann Oilfield Equipment AG, A-2630 Ternitz, Hauptstraße 2,

Tel: +43 2630/315 ext 250, fax: ext 101, E-mail: g.bauer@sbo.co.at

Branche: Oil & Gas - Upstream activities
ISIN: AT0000946652
WKN: 907391
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing