EANS-News: C.A.T. oil AG / C.A.T. oil AG comments on announced mandatory public takeover offer by Joma Industrial Source Corp.

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Mergers - Acquisitions - Takeovers

31 October 2014. The Management Board of C.A.T. oil AG (O2C, ISIN:
AT0000A00Y78; "the Company"),one of the leading providers of oil and
gas field services in Russia and Kazakhstan, takes note of the
announcement of a mandatory public takeover offer by Joma Industrial
Source Corp, ("Joma Industrial"), a company affiliated with Mr.
Maurice Dijols and domiciled in the British Virgin Islands. The
Management Board of the Company has not been approached by the Bidder
and the decision to launch a takeover offer is unsolicited.

The Management Board of C.A.T. oil AG will evaluate the offer with
the support of its advisors.

The Management Board of C.A.T. oil AG was notified on October 29,
2014 about a presumed shareholder change at the level of its major
shareholder CAT. Holding (Cyprus) Limited. Joma Industrial Source
Corp, ("Joma Industrial"), a company affiliated with Mr. Maurice
Dijols and domiciled in the British Virgin Islands, has notified the
Company that it has indirectly acquired 50.25% of the shares in CAT.
Holding from Skible Holding, a company controlled by Dr. Walter Höft,
on October 27, 2014. CAT. Holding is the major shareholder of C.A.T.
oil AG holding approximately 47.7% of the shares in the Company. Joma
Industrial announced today that it controls 47.71% of the voting
rights in C.A.T. oil AG.

On October 29, 2014 C.A.T. oil AG also received a notification
pursuant to section 91 BörseG by Dr. Walter Höft stating that Joma
Industrial has claimed the acquisition of his indirect stake in CAT.
Holding.

The remaining 49.75% stake in CAT. Holding continues to be owned by
Ms. Anna Brinkmann, Chief Operating Officer and Member of the Board
of C.A.T. oil AG. C.A.T. oil AG is incorporated in Austria and listed
on the Frankfurt Stock Exchange. The Management Board will make every
effort to ensure full compliance with all applicable rules and full
transparency to all shareholders. C.A.T. oil also expects information
about the plans of Joma Industrial with respect to strategy,
management composition and financing, as it is best capital markets
practice and outlined in sec 27a German WpHG for other companies
listed in Germany.

Media contact:

FTI Consulting
Carolin Amann
Phone: +49 (0)69 92037-132
Email: carolin.amann@fticonsulting.com

Steffi Susan Kim
Phone: +49 (0)69 92037-115
Email: steffi.kim@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
450 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 Rosneft, Lukoil, Gazprom Neft,
Tomskneft VNK, Slavneft, Russneft 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 H1 2014
weighted average headcount stood at 2,873 people, most of which are
based in Russia and Kazakhstan.

www.catoilag.com

Further inquiry note:
Carolin Amann Tel: +49(0)69-92037-132 Email: carolin.amann@fticonsulting.com
Steffi Fahjen Tel: +49(0)69-92037-115 Email: steffi.fahjen@fticonsulting.com

end of announcement euro adhoc
--------------------------------------------------------------------------------

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