euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Buybacks / Schoeller-Bleckmann Oilfield Equipment AG: Notification of the intended purchase of own shares of the Company pursuant to section 65

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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08.06.2007

The Management Board of Schoeller-Bleckmann Oilfield Equipment AG
(SBO), listed on the Vienna Stock Exchange, decided to issue a share
buyback program on June 6, 2007. The legal authorization of the
repurchase of own shares within the time frame of 18 months was
obtained at the Annual General Meeting on April 19, 2007 (published
on the SBO website at info.sbo.at on April 23, 2007).

In total, up to 1.600.000 shares or 10% of the equity capital can be
repurchased at a price not below EUR 1,-- and not above EUR 100,--.
The share buyback program will take place between June 11, 2007 and
October 18, 2008. 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.

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
challenging directional drilling. Worldwide, SBO employs a workforce
of 1.119 (December 31, 2006: 1.086), 325 at Ternitz, Lower Austria
and 568 in North America (including Mexico).

end of announcement euro adhoc 08.06.2007 08:30:00
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ots Originaltext: Schoeller-Bleckmann Oilfield Equipment AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Gerald Grohmann, President and CEO,
Schoeller-Bleckmann Oilfield Equipment AG,
A-2630 Ternitz, Hauptstraße 2,
Tel: +43 2630/315 DW 110, Fax: DW 101,
E-Mail: sboe@sbo.co.at

Mick Stempel, Hochegger|Financials,
Tel.:+43 1/504 69 87 DW 85,
E-Mail: m.stempel@hochegger.com

Branche: Oil & Gas - Upstream activities
ISIN: AT0000946652
WKN: 907391
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official dealing


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