EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Publication of a resolution, to make use of a share buyback authorization, and announcement of a share buyback program

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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Buybacks
23.04.2014

Ternitz/Vienna, April 23, 2014. Within the framework of the
implementation of the resolution passed by the Annual General Meeting
which took place on April 23, 2014, the Executive Board of
SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft ("SBO")
with its registered headquarters in Ternitz, Lower Austria, has
decided to exercise its buyback authorization. In accordance with
this authorization, a total of up to 1.600.000 bearer shares - which
corresponds to up to 10% share of the company's equity capital - can
be bought back. The repurchased own shares are used for possible
future employee participation schemes or for establishing an option
for using the Company's own shares to acquire shareholdings. The
company shall reserve the right to also use the repurchased shares
for other purposes that are in line with the authorization granted by
the General Meeting.

With this announcement, the share buyback program based on the above
mentioned resolution of the Executive Board of SCHOELLER-BLECKMANN
OILFIELD EQUIPMENT Aktiengesellschaft is publicly made known pursuant
§ 5 Veröffentlichungsverordnung (Regulation on Publications).

The publication of all transactions carried out within the framework
of the share buyback program or the sale of own shares will be made
known on the Internet at the following address: www.sbo.at (Investor
Relations - Corporate Governance - Share buyback/sale - Document:
"Start share buyback/resale 2014". Link:
http://www.sbo.at/cms/cms.php?pageName=81)

The present announcement is in no way to be construed as an offer to
acquire SBO shares, and in no way constitutes an obligation on the
part of the company to accept offers to repurchase SBO shares.

1. Day in which the resolution was passed by the Annual General
Meeting in regards to authorizing the buyback authorisation: April
23, 2014

2. Day and manner in which the resolution of the Annual General
Meeting was announced: April 23, 2014 on the SBO website www.sbo.at
(Link: http://www.sbo.at/cms/cms.php?pageName=hauptversammlung) and
pursuant § 82 para 9 together with § 82 para 8 Stock Exchange Act

3. Begin and expected duration of the share buyback program: April
30, 2014 to October 21, 2016

4. Class of shares: bearer shares

5. Intended volume of shares, in particular the share of own shares
to be repurchased or to be sold as a proportion of the company's
equity capital, if necessary to be implemented separately according
to the specific class of shares: up to 1.600.000 non-par value bearer
shares - or up to 10% of equity capital

6. Highest and lowest value per share to be paid or to be realized:
not under EUR 1,-- and not above EUR 300,--

7. Manner and purpose of the share buyback and/or sale of own
shares: The repurchased own shares are used for possible future
employee participation schemes or for establishing an option for
using the Company's own shares to acquire shareholdings. The Company
shall reserve the right to also use the repurchased shares for other
purposes that are in line with the authorization granted by the
General Meeting. The Company's own shares are repurchased via the
stock exchange.

8. Possible effects of the share buyback program on the admission of
the shares to official trading: None

9. Number and distribution of the share options to be granted or
which have already been granted to employees, senior managers and
individual board members: None

Ternitz, April 23, 2014

The Executive Board

end of ad-hoc-announcement ==========================================
====================================== Schoeller-Bleckmann Oilfield
Equipment AG is the global market leader in high-precision components
for the oilfield service industry. The business focus is on
non-magnetic drillstring components for directional drilling.
Worldwide, SBO has employed a workforce of 1574 as at 31 December
2013 (31 December 2012: 1591), thereof 435 in Ternitz/Austria and 607
in North America (including Mexico).

Further inquiry note:
MMag Florian Schütz, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz/Austria, Hauptstrasse 2
Tel.: +43 2630 315-251
Fax: +43 2630 315-501
E-Mail: f.schuetz@sbo.co.at

end of announcement euro adhoc
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issuer: Schoeller-Bleckmann Oilfield Equipment AG
Hauptstrasse 2
A-2630 Ternitz
phone: 02630/315110
FAX: 02630/315101
mail: sboe@sbo.co.at
WWW: http://www.sbo.at
sector: Oil & Gas - Upstream activities
ISIN: AT0000946652
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English