EANS-News: C.A.T. oil Supervisory Board extends contracts of entire Management Board

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Subtitle: • Manfred Kastner, Ronald Harder, Anna Brinkmann and Leonid
Mirzoyan re-confirmed as Members of the Management Board of C.A.T.
oil AG • Appointments extended until end of fiscal year 2018 •
Supervisory Board acknowledges the board’s commitment to the
Company's strategy aiming at sustainable and profitable business
growth

Board of Directors (Appointments and Changes)

Vienna, 19 December 2013 (euro adhoc) - The Supervisory Board of
C.A.T. oil AG (O2C, ISIN: AT0000A00Y78),one of the leading providers
of oil and gas field services in Russia and Kazakhstan, has extended
the contracts of the entire Management Board of the Company until the
end of fiscal year 2018. Manfred Kastner will continue to act as
Chairman of the Board and Chief Executive Officer, Ronald Harder as
Vice Chairman of the Board and Chief Financial Officer. Anna
Brinkmann will act as Chief Operating Officer in the future and
Leonid Mirzoyan will continue as Chief Corporate Finance Officer. The
Supervisory Board thereby confirms the dedicated and successful work
of all four individuals over the past years. With the latest
appointment the Supervisory Board ensures continuity in the senior
management team and the Company's successful implementation of its
strategy which is aimed at profitable growth.

Dr. Gerhard Strate, Chairman of the Supervisory Board, commented: "We
are delighted about the extension of the contracts with the
Management Board of C.A.T. oil. With this step the Supervisory Board
secures the managerial expertise and in-depth industry know-how of
Manfred Kastner, Ronald Harder, Anna Brinkmann and Leonid Mirzoyan in
order to continue C.A.T. oil's success story. We are looking forward
to continue working together with the entire Management Board,
especially as it begins another major investment cycle and opens
another chapter of C.A.T. oil's development with the roll-out of the
2014-16 investment program of EUR 390 million."

www.catoilag.com

Press contact:

FTI Consulting
Thomas M. Krammer
Phone: +49 (0)69 92037-183
Email: thomas.krammer@fticonsulting.com

Steffi Fahjen
Phone: +49 (0)69 92037-115
Email: steffi.fahjen@fticonsulting.com

About C.A.T. oil AG: C.A.T. oil AG is one of the leading independent
oil and gas field service contractors in Russia and Kazakhstan and is
listed on the Frankfurt Stock Exchange (SDAX). C.A.T. oil provides a
range of high quality services, which enable oil and gas producers to
extend lifecycle of their fields or bring yet unexploited oil and gas
reserves to production. Since its foundation in 1991 in Celle,
Germany, C.A.T. oil has built up a leading hydraulic fracturing
service, a very effective method of well stimulation by cracking rock
formations with pressurized fluids, in Russia and Kazakhstan.
Following its IPO in 2006, the Company developed a second core
service of sidetrack drilling in 2006-08 and has established a strong
presence in Russia's sidetrack drilling market. Sidetrack drilling is
a term used to describe drilling of a new wellbore from the upper
section of an existing well. In 2011-12, the Company launched the
next phase of its growth and diversification strategy and set up high
class drilling operations as a third core service offering. High
class drilling is the classical technology of drilling vertical,
inclined and horizontal wells for extraction of oil and gas. In
total, the Company has already invested more than EUR 400 million in
growth and diversification since its IPO in 2006. Following the
successful set up of high class drilling in 2011-12, C.A.T. oil
introduced its new segment reporting in 2013 clustering its
activities in "Well Services" (fracturing, cementing and completion
operations) and "Drilling, Sidetracking and IPM (Integrated Project
Management)". C.A.T. oil's customer base includes the leading Russian
and Kazakh oil and gas producers such as Gazprom, Rosneft, Lukoil,
TNK-BP and KazMunaiGaz. The Company has long-standing relationships
with these customers and has been a reliable service provider since
its market entrance in the early nineties. C.A.T. oil has its
headquarters in Vienna. The Company's 9M 2013 weighted average
headcount stood at 2,673 people, most of which are based in Russia
and Kazakhstan.

Further inquiry note:
Thomas Krammer
Tel: +49(0)69-92037-183
Email: thomas.krammer@fticonsulting.com

end of announcement euro adhoc
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company: C.A.T. oil AG
Kärntner Ring 11-13
A-1010 Wien
phone: +43(0) 1 535 23 20 - 0
FAX: +43(0) 1 535 23 20 - 20
mail: ir@catoilag.com
WWW: http://www.catoilag.com
sector: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
indexes: SDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English