C A T oil : Agreement with Gazprom Neft ensures full utilization of new capacities until end of 2016

 Framework agreement guarantees full utilization of four new drill- ing rigs and one new fracturing fleet until end of 2016

 Roll-out of 2014-16 investment program fully on track

 CEO Manfred Kastner: "The agreement provides planning securi- ty and improves our mid-term revenue visibility. Industry trends remain encouraging and we continue to experience a supportive operating environment laying the basis for a successful 2014."

The new drilling and fracturing capacities will be successively deployed in the field from September to December 2014 and are part of C.A.T. oil's growth strategy. In November 2013, C.A.T. oil announced its 2014-16 investment program of EUR 390 million aiming at expansion of its operating capacities by around 33% for fracturing, 55% for sidetracking and 170% for drilling by the end of 2016 compared to the end of 2013. For 2014, C.A.T. oil has ordered six drilling rigs, four sidetracking rigs and one fracturing fleet. Execution of the program and manufacturing of the ordered new capacities are fully on sched- ule.

Manfred Kastner, CEO of C.A.T. oil, commented: "We appreciate the frame- work agreement signed with Gazprom Neft, one of our longest-standing cus- tomers. The agreement provides planning security and improves our mid-term revenue visibility. At the same time it demonstrates the industry's accelerating demand for technologically advanced services and the interest to secure ca- pacities over a longer period of time. Industry trends remain encouraging and we continue to experience a supportive operating environment laying the basis

for a successful 2014."

www.catoilag.com

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

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 produc- tion.
Since its foundation in 1991 in Celle, Germany, C.A.T. oil has built up a leading hy- draulic 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 invest- ed more than EUR 450 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 pro- ducers such as Rosneft, Lukoil, Gazprom Neft, Tomskneft VNK, Slavneft, Russneft and KazMunaiGaz. The Company has long-standing relationships with these custom- ers 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 Q1 2014 weighted average headcount stood at 2,837 people, most of which are based in Russia and Kazakhstan.

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