euro adhoc: C.A.T. oil AG / Financing, Stock Offerings (IPO) / C.A.T. oil AG announces price range for bookbuilding and offer period

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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20.04.2006

Austrian C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one of the leading
providers of oilfield services in Russia and Kazakhstan, announced
details of its pending initial public offering in the Prime Standard
segment of the Frankfurt Stock Exchange today. The price range within
which the shares may be subscribed in the bookbuilding process is
between EUR 12.50 to EUR 15.00 per share. The offer comprises a
maximum volume of 19.55 million shares including an over-allotment
option (greenshoe) of up to 2.55 million shares. Based on the price
range the total volume of the transaction extends from EUR 244
million up to EUR 293 million including the over-allotment option. If
the over-allotment option is fully exercised, up to 8.85 million new
shares will be issued through a capital increase, and up to 10.70
million shares will be sold by the current sole shareholder CAT.
Holding (Cyprus) Ltd. The shares will be offered to investors through
a public offering in Germany and Austria and through an international
private placement. The IPO is being managed by Dresdner Kleinwort
Wasserstein as sole global coordinator and sole bookrunner and by
Erste Bank der oesterreichischen Sparkassen AG as co-lead manager.

Interested investors can subscribe the shares of C.A.T. oil AG during
the period from April 20, 2006, to May 3, 2006. The offering period
ends on May 3, 2006 at 12 p.m. noon CEST for private investors and 2
p.m. CEST for institutional investors. The determination of the final
offer price and the allocation is expected to take place on May 3,
2006. The first day of trading of C.A.T.oil shares is scheduled for
May 4, 2006. Following the placement of all shares (incl.
over-allotment option), the free float of C.A.T. oil AG will amount
to around 40 percent.

C.A.T.oil offers a wide range of services for increasing the
efficiency and productivity of oil and gas production. The core
business of C.A.T.oil is hydraulic fracturing, a process that helps
break up rock formations in oil and gas wells, thereby improving the
flow of the natural reserves. During the 2005 financial year
C.A.T.oil realised consolidated revenues of EUR 157.4 million
(previous year EUR 117.0 million) and an EBITDA of EUR 36.5 million
(previous year EUR 19.9 million). C.A.T.oil plans to use the proceeds
from the offer to strengthen its market positions in Eastern Europe
and Asia and to promote sustainable expansion. The company intends to
use a significant share of the net proceeds to finance organic growth
through the acquisition of new fracturing equipment.

Disclaimer: This document is not a prospectus and does not constitute
an offer to sell or the solicitation of an offer to purchase the
shares or other securities of C.A.T. oil AG. Investors should not
subscribe for any shares referred to in this document except on the
basis of the information contained in the prospectus, which has been
approved by the Austrian Financial Market Authority (FMA) on 19 April
2006 and notified with the German Federal Financial Supervisory
Authority (BaFin). A free copy of the prospectus is available to
investors on the company’s website www.catoilag.com. Printed copies
are available free of charge i.e. from C.A.T. oil AG. This document
is not an offer of securities for sale in the United States of
America. Securities may not be offered or sold in the United States
of America absent registration or an exemption from registration
under the U.S. Securities Act of 1933, as amended. There will be no
public offering of securities in the United States of America. The
information contained in this document is not for publication or
distribution, directly or indirectly, in or into the United States of
America. The information contained in this document is not for
publication or distribution in the Russian Federation, Canada,
Australia or Japan and does not constitute advertising or an offer in
any form of unregistered securities for sale in Russia, Canada,
Australia or Japan. This document is directed only at persons outside
the U.K. (the "relevant persons"). Each solicitation of an offer,
each offer and each agreement to subscribe for, to purchase or to
otherwise acquire the securities is directed only at relevant persons
and at certain other persons or will be entered into only with
relevant persons or certain other persons. Persons who are not
relevant persons should not act on the basis of or rely on the
information contained therein.

end of announcement euro adhoc 20.04.2006 08:06:27
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ots Originaltext: C.A.T. oil AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
A&B Financial Dynamics
Dr. Lutz Golsch
+49 (0)69 92037-0
l.golsch@abfd.de

Branche: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
WKN: A0IKWU
Börsen: Frankfurter Wertpapierbörse / admission applied: official
dealing