EANS-News: Order book 2014-16 hits all-time high of EUR 754 million

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Subtitle: • Order book volume for 2014-16 exceeds previous year’s
level by 42% • Material improvement in mid-term revenue visibility •
Order book increased by 22% yoy in rouble terms and 4% yoy in euro
terms to EUR 408 million in 2014 • CEO Manfred Kastner: “We have
successfully marketed 100% of our fracking, 90% of our sidetracking
and two-thirds of our drilling capacities for 2014. We are confident
to receive further tender awards in the upcoming weeks.”

Company Information

Vienna, 27 February 2014 (euro adhoc) - C.A.T. oil AG (O2C, ISIN:
AT0000A00Y78), one of the leading providers of oil and gas field
services in Russia and Kazakhstan, has made significant progress in
its 2014 tendering campaign: As of 26 February 2014, the Company's
total order book for 2014-16 hit an all-time high of EUR 754 million
(based on a rouble-to-euro exchange rate of 47). This represents an
increase of 42% compared to EUR 530 million during the same period
last year. For 2014, C.A.T. oil's order book stands at EUR 408
million, up 4% from EUR 392 million a year ago despite the weakened
Russian rouble, in which the majority of the Company's service orders
are denominated. The currency has devalued more than 15% yoy relative
to the euro since February 2013. The effect of the rouble devaluation
therefore overshadows a 22% yoy increase in the order book in rouble
terms and the ongoing strong business expansion.

Manfred Kastner, CEO of C.A.T. oil, commented: "We not only achieved
a record high order book volume but also secured service orders
beyond a 12-months period that now represent 46% of the total order
book compared to 26% a year ago. Our success in the 2014 tendering
campaign is thus additionally underscored by a material improvement
in the mid-term revenue visibility."

The tendering campaign is still continuing and will be completed in
the upcoming weeks.

Manfred Kastner added. "Thus far, we have successfully marketed 100%
of our fracking, 90% of our sidetracking and two-thirds of our
drilling capacities for 2014. We are confident to receive additional
tender awards in the upcoming weeks."

The existing rigs which have not been awarded new tenders so far
continue to operate under extensions to last year's contracts and
therefore stay fully utilized.

www.catoilag.com

Press contact:
FTI Consulting
Thomas M. Krammer
Phone: +49 (0)69 92037-183
Email: thomas.krammer@fticonsulting.com

Steffi Fahjen
Phone: +49 (0)69 92037-115
Email: steffi.fahjen@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 400 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 Gazprom, Rosneft, Lukoil 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 9M 2013 weighted average headcount stood at
2,673 people, most of which are based in Russia and Kazakhstan.

Further inquiry note:
Thomas Krammer
Tel: +49(0)69-92037-183
Email: thomas.krammer@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