EANS-Adhoc: Adhoc Release pursuant § 15 WpHG: C.A.T. oil AG releases preliminary unaudited financial results for fiscal year 2008

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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annual report/Preliminary results fiscal year 2008

17.04.2009

Vienna, April 17, 2009 - C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one
of the leading providers of oil and gasfield services in Russia and
Kazakhstan, today released preliminary unaudited financial results
for fiscal year 2008. The Company attained a 24% growth in revenues
to approximately EUR 276 million (2007: EUR 222.6 million) and thus
slightly outperformed its revenue target of EUR 270 million which had
been revised on November 28, 2008. The increase in revenues reflected
a strong demand for C.A.T. oil´s core services, hydraulic fracturing
and sidetrack drilling, despite the global economic slow-down and a
steep downturn in energy prices in the second half 2008. By offering
integrated and reliable services and by deploying its new operating
capacities successfully, C.A.T. oil managed to meet customers´
growing demands amid the challenging market conditions.

C.A.T. oil´s strong sales, however, were offset by a combination of
downward pressures on prices for the Company´s hydraulic fracturing
services as well as an upward pressure on the Company´s operating
costs, in particular employee costs and expenses for fuel and
transportation. C.A.T.oil´s preliminary EBITDA amounted to
approximately EUR 47 million (2007: EUR 49.7 million).

C.A.T. oil´s preliminary net profit was approximately EUR 2 million
(2007: EUR 22.7 million). The decline in net profit in 2008 over the
2007 level was mainly caused by a steep rise in depreciation,
material unrealized foreign exchange losses due to the Russian rouble
devaluation relative to the euro, one-off fi-nancial losses related
to the impairment of fair value of long-term investments and a
substantially higher effective tax rate.

The Company´s cash flow from operating activities was approximately
EUR 25 million in 2008 compared to EUR 21.1 million in 2007. Cash
flow from investing activities declined to approximately EUR 48
million during the reporting period from EUR 89.4 million a year ago
on lower capital expenditures. Cash flow from financing activities
increased to approximately EUR 28 million (2007: EUR 8.0 million).
The increase in cash flow from financing activities was mainly due to
a draw down of EUR 30 million from a three-year EUR 50 million
committed credit line.

C.A.T oil´s financial situation in fiscal year 2008 continued to
remain solid: Cash and cash equivalents stood at approximately EUR 14
million at 31 December 2008 (31 December 2007: 15.0 million). C.A.T.
oil´s equity ratio remained at a strong level and was above 70%
(2007: 82.3%).

C.A.T. oil will present its full and audited results for fiscal year
2008 on Thursday, 30 April 2009.

C.A.T. oil AG
Kaerntner Ring 11-13
A-1010 Vienna
Austria
Ticker symbol: O2C
ISIN: AT0000A00Y78
Common Code: 025162498
Listing: Official Market / Prime Standard, Frankfurt Stock Exchange
www.catoilag.com

End of Adhoc Release

Additional information:

In the particularly challenging market environment characterized by a
lower demand for oil and reduced oil prices efficient deployment
services become even more important for oil producers. Due to its
strong operative track record and its reliable and efficient service
performance C.A.T. oil has continued its successful order book
filling for 2009. By the first quarter 2009 the Company had filled
about 80% of its 2009 order book with orders. C.A.T oil has thus
strengthened its customer relationships and maintained its
competitive market position.

Additional information on C.A.T. oil´s operative business in 2009
will be pre-sented as part of the presentation of the Company´s
Results for fiscal year 2008 on Thursday April 30, 2009.

Press contact:

A&B Financial Dynamics
Carolin Amann
Tel.: +49 (0)69 92037-132
Email: c.amann@abfd.de

Lucie Kimmich
Tel.: +49 (0)69 92037-183
Email: l.kimmich@abfd.de

Retail Investor´s contact:

C.A.T. oil AG
Herbert Doile
Tel. +49 (0)421 79282860
Email: herbert.doile@catoilag.com

About C.A.T. oil AG: Austria-based C.A.T. oil AG (O2C, ISIN:
AT0000A00Y78) is one of the leading providers of oil- and gasfield
services in Russia and Kazakhstan and is listed in the Prime Standard
of the Frankfurt Stock Exchange. One of C.A.T. oil´s core businesses
is hydraulic fracturing, a process which helps to open up oil- and
gas-bearing rock formations in order to increase or even enable oil
and gas production. Hydraulic fracturing is a method to generate high
pressure in the oil or gas reservoirs concerned. This pressure causes
cracks to appear in the rock through which oil or gas can be produced
in larger quantities from the production well, and hence efficiently
boosts extraction, particularly in the case of deposits that are
difficult to develop or low-output wells. In addition, hydraulic
fracturing can be used to revitalize wells which have previ-ously
been idle. Since its IPO in 2006 C.A.T. oil has also increasingly
invested in sidetrack drilling and thus built up a second core
business. Sidetrack drilling is a method which uses an already
existing well-bore to create another one and is used to either avoid
irreparable damages of the wellbore or the equipment or to reach
further parts of the reservoir. Over the past few years demand for
the high-margin sidetrack drilling service has continuously
increased. The method allows to effi-ciently build up additional
production capacities and to further exploit the potential of a well.
In the field of sidetrack drilling, C.A.T. oil is already number 2 in
Russia. The Company has its headquarters in Vienna and employed an
average of 3,621 people by the end of 2008, most of whom are based in
Russia and Kazakhstan. Customers include leading oil and gas
producers such as Gazprom, KazMunaiGaz, LUKOIL, Rosneft, and TNK-BP.
C.A.T. oil has been a member of the SDax since September 18, 2006.

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

Further inquiry note:

Lucie Kimmich

Tel.: +49 (69) 920 37-183

E-Mail: l.kimmich@abfd.de

Branche: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
WKN: A0IKWU
Index: SDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard