EANS-News: C.A.T. oil AG received information about legal dispute around its major shareholder CAT.Holding (Cyprus) Ltd.

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Company Information

The Management Board of C.A.T. oil AG (O2C, ISIN: AT0000A00Y78; "the
Company") was informed by AB PCO Investment Limited ("AB PCO"), which
is fully controlled by Anna Brinkmann, that AB PCO has also filed for
dissolution of CAT GmbH Consulting Agency Trade & Co (Cyprus) ("CAT
GmbH") on November 18, 2014. Through AB PCO Anna Brinkmann holds
49.75% of the shares of CAT GmbH. CAT GmbH is a Limited Partnership
under Cyprus Law, which is in the process of dissolution by court
action filed on October 27, 2014 by Joma Industrial Source Corp. The
Limited Partnership indirectly holds 100 % of the shares in CAT.
Holding Ltd. (Cyprus) ("CAT. Holding"), the Company's major
shareholder. AB PCO has therefore requested the Management Board of
C.A.T. oil AG not to cast any voting rights or accept the exertion of
any other rights attributed to the shares in C.A.T. oil AG without
knowing that all limited partners of CAT GmbH - including AB PCO -
have consented to such, pending dissolution of the Limited
Partnership. In addition to the shares which Anna Brinkmann
indirectly holds in C.A.T. oil AG through CAT. Holding, she directly
holds approx. 11 % of the authorized share capital of the Company.
Furthermore, the Management Board was informed by Dr. Walter Höft on
November 20, 2014 regarding the asserted transfer of shares from his
holding company Skible Holding to Joma Industrial Source Corp. After
the review of documents Dr. Höft decided not to take legal action
against the asserted transfer of shares in Skible Holding.

www.catoilag.com

Press 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 hy-draulic 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 pro-ducers such as Rosneft, Lukoil, Gazprom
Neft, Tomskneft VNK, Slavneft, Russneft and KazMunaiGaz. The Company
has long-standing relationships with these custom-ers 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 Kazakh-stan.

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