EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Publication of the planned programme to buy back own shares pursuant to Sec. 65 (1) (8) and Paras. 1a and 1b Austrian Stock Corporation Act

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Buybacks
27.04.2016

Ternitz/Vienna, 27 April 2016. The Annual General Meeting of today
has once again granted authorization to the Executive Board of
Schoeller-Bleckmann Oilfield Equipment AG (SBO) to buy back own
shares within a period of 30 months up to a maximum of 10 % of the
issued share capital of the company, and to cancel or dispose of own
shares without any further resolution of the Annual General Meeting
being necessary and to determine the respective terms and conditions
of such disposal.

According to the authorization, the Executive Board has decided to
conduct a share buyback program. In total, up to 1,600,000 non-par
value bearer shares - which corresponds up to 10 % of the company's
share capital - can be bought back under the program, at a price per
par-value share of at least EUR 1.- and EUR 300.- at most. The share
buyback program runs from 03 May 2016 to 24 October 2018.

Own shares can be used for possible future employee participation
schemes as well as for implementing the corporate, growth and
acquisition policy. The company reserves the right to use the shares
bought back also for other purposes in line with the authorization
given by the Annual General Meeting.

Amendments and transactions conducted under the buyback program will
be published as required by the Austrian Stock Exchange Act and
Publication Ordinance on the website of Schoeller-Bleckmann Oilfield
Equipment AG on www.sbo.at (Investor Relations - Corporate Governance
- Share buy-back/Sale). The exact wording of the authorization given
by the Annual General Meeting to conduct the share buyback program is
also available on the company's website (Investor Relations - Annual
General Meeting 2016).

The Share Buyback Program 2014 has now been terminated.

Schoeller-Bleckmann Oilfield Equipment AG is the global market leader
in high-precision components and a leading supplier of oilfield
equipment for the oilfield service industry. The business focus is on
non-magnetic drillstring components and high-tech downhole tools for
drilling and completing directional and horizontal wells. As of 31
December 2015, SBO employed a workforce of 1,135 worldwide (31
December 2014: 1,720), thereof 376 in Ternitz/Austria and 399 in
North America (including Mexico).

Further inquiry note:

Andreas Boecskoer, Investor Relations

Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Phone: +43 2630/315 ext 252, fax ext 101
e-mail: a.boecskoer@sbo.co.at

Further inquiry note:
Andreas Boecskoer, Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Phone: +43 2630/315 ext 252, fax ext 101
e-mail: a.boecskoer@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