C PRESS RELEASE C.A.T. oil AG calls for full transparency

Management contacted Joma Industrial to obtain clarity on its in- tentions

No written documentation of share transfer within majority share- holder available to date

CEO Manfred Kastner: "In the interest of all shareholders of C.A.T. oil AG, our customers and employees we again urge Joma Industrial to promptly disclose its intentions."

Vienna, 05 November 2014 - The Management Board of C.A.T. oil AG (O2C, ISIN: AT0000A00Y78; "the Company") is fully committed to get clari- fication on the asserted shareholder change at its major shareholder CAT. Holding and the mandatory public takeover offer announced by Joma Industri- al Source Corp. ("Joma Industrial") on October 31, 2014. In the interest of all shareholders, customers and employees the Management Board will take all reasonable steps to avoid uncertainty about the future direction of the Compa- ny.

Manfred Kastner, Chief Executive Officer of C.A.T. oil AG said: "Until now the intentions by the asserted new major shareholders are in the dark. In the in- terest of all shareholders of C.A.T. oil AG, our customers and employees we again urge Joma Industrial to promptly disclose its intentions."
The Management Board contacted Joma Industrial on October 31, 2014 to request documentary proof of the asserted acquisition of the 50.25% stake in CAT. Holding. Furthermore, the Management Board requested, among others, information about the bidder's intentions, his plans with respect to strategy, management composition as well as the financing of the announced offer. Un- til today, these requests have not been answered by Joma Industrial or its rep- resentatives.

The Management Board has furthermore received confirmation by Dr Walter Höft that the asserted sale of his stake in CAT. Holding was not planned by him. Dr Höft also stated that he subsequently requested Joma Industrial to provide a written documentation which proves the transfer of his stake in Skible Holdings Limited and thus indirectly in CAT. Holding.

In addition, the Management Board has been informed that Joma Industrial is disputing the interest of Anna Brinkmann, Chief Operating Officer of C.A.T. oil AG and shareholder of CAT. Holding. Through AB PCO and CAT. GmbH Consultancy Agency Trade & Co (Cyprus), Anna Brinkmann holds 49.75% in CAT. Holding. Additionally, she directly holds approx. 11% of the share capital in C.A.T. oil AG and, therefore, is the Company's largest shareholder. AB
PCO has been informed, that Joma Industrial has filed an action in the District Court of Nicosia (Cyprus) seeking to dissolve CAT. GmbH Consultancy Agen- cy Trade & Co (Cyprus). Anna Brinkmann will defend her legal interests by exhausting all legal possibilities.
www.catoilag.com

Press contact:

FTI Consulting

Carolin Amann

Phone: +49 (0)69 92037-132

Email: carolin.amann@fticonsulting.com

Steffi Susan Kim

Phone: +49 (0)69 92037-115

Email: steffi.kim@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 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

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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 H1 2014 weighted average headcount stood at 2,873 people, most of which are based in Russia and Kazakh- stan.

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