C.A.T. oil AG expands Board of Directors

- Leonid Mirzoyan appointed Chief Corporate Finance Officer (CCFO) of the company

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professional career

Baden/Vienna (euro adhoc) - March 12, 2007 - Austrian C.A.T. oil AG
(O2C, ISIN: AT0000A00Y78), one of the leading providers of oil and
gasfield services in Russia and Kazakhstan, has announced the
appointment of Leonid Mirzoyan (40) to the position of Chief
Corporate Finance Officer effective March 8, 2007. The main
responsibility of the newly-created position will include Corporate
Finance and Strategic Planning. Furthermore, the CCFO will support
CEO Manfred Kastner in the areas of Investor and Public Relations.
Leonid Mirzoyan has a long-time experience in the Russian oil and gas
industry. As a Director at Dresdner Kleinwort in Moscow he
established the Russian Equity Research from 2005 until early 2007,
with a main focus on oil and gas companies and their suppliers. In
2004 and 2005, he worked as a Managing Director for Vneshtorgbank,
Moscow, where he was responsible for M&A advisory and acquisition
financing services for the Russian oil and gas industry. From 1997 to
2004 he was an oil and gas analyst first for Regent European
Securities, Moscow, and later for Deutsche Bank in Moscow. In
addition to that, Leonid Mirzoyan has accumulated extensive
experience in the operating business on the oil and gas fields in
Russia, e.g. as project manager for BHP Petroleum in Moscow and as
field engineer for EuroSov Petroleum in Western Siberia. Leonid
Mirzoyan has a degree in Geophysics from the State Academy of Oil and
Gas in Moscow. Dr. Gerhard Strate, Chairman of the Supervisory Board
of C.A.T. oil AG, commented: "We are delighted to have won Leonid
Mirzoyan as a new member of C.A.T. oil’s Management Board. During his
time as a research analyst he got deep insights into our company. In
addition to that, he is a renowned expert for the Russian oil and gas
sector and, as a Russian citizen, he has a unique grasp for the
special challenges of operating in Russia. As a result of his
longtime work as an oil and gas analyst for various leading financial
institutions he has an excellent global network of institutional
investors and fellow analysts. This makes him the perfect addition to
C.A.T. oil’s current management team, and he will work primarily on
realizing the growth potential of the company and on further
expanding the dialogue with investors."

www.catoilag.com

end of announcement euro adhoc 12.03.2007 08:30:00
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ots Originaltext: C.A.T. oil AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Press contact:
A&B Financial Dynamics
Dr. Lutz Golsch Claudia Werth
Tel.: +49 (0)69 92037-110 Tel.: +49 (0)69 92037-114
Email: l.golsch@abfd.de Email: c.werth@abfd.de

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. C.A.T.oil’s
core business 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. The C.A.T.oil crews use state-of-the-art methods and technologies 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 that have previously been idle.
The Company has its headquarters in Baden near Vienna and employed 2,230 people
at the end of 2005, 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 listed in the Prime Standard of the
Frankfurt Stock Exchange since May 4, 2006, and has been a member of the SDax
since September 18, 2006.

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