EANS-News: 100% of hydraulic fracturing capacities successfully marketed for 2014

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Subtitle: • Tender worth EUR 148 million awarded by Rosneft for a
two-year hydraulic fracturing contract • Additional tender worth EUR
53 million awarded by Slavneft-Megionneftegaz for 2014-16 • More than
60% of fracturing capacities locked up under two- to three-year
contracts • 2014 order book for fracturing totals EUR 221 million •
CEO Manfred Kastner: “The 2014 tendering campaign has entered the
final straight. We are looking forward to concluding negotiations
thus laying the basis for another year of success for C.A.T. oil.”

Company Information

Vienna, 18 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, today announced that it has
successfully marketed its fracturing capacities. The Company's
operating subsidiary CATKoneft has been awarded a tender worth EUR
148 million (based on a rouble-to-euro exchange rate of 47) for a
two-year hydraulic fracturing contract by its largest and
long-standing customer Rosneft. Furthermore, CATKoneft has been
awarded with an additional tender worth EUR 53 million by Slavneft-
Megionneftegaz for 2014-16. Combined with already existing three-year
contracts with Lukoil and Rosneft, these tender awards underpin a
successful lockup of more than 60% of C.A.T. oil's fracturing
operating capacities under two- to three-year contracts. The 2014
total order book for fracturing stands at EUR 221 million,
representing 100% of the Company's fracturing capacity for the
current year. Manfred Kastner, CEO of C.A.T. oil, commented: "When it
comes to hydraulic fracturing we go back to our roots: Fracturing has
been the first service we offered and it is indeed an important
backbone of our Company. By having secured orders worth EUR 221
million we have fully marketed our fracturing capacities for 2014.
And what we are particularly pleased about is that key customers such
as Rosneft have once again decided to place their trust in us by
awarding multi- year tenders. The 2014 tendering campaign has entered
the final straight. We are looking forward to concluding negotiations
very soon thus laying the basis for another year of success for
C.A.T. oil."

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