C A T oil : reiterates its 2014 guidance and stays adhered to its 2014-16 investment plans

 Business model stays intact

 Management reiterates its outlook for 2014 despite recent eco- nomic sanctions and export controls regarding the Russian oil in- dustry

 Assessment of the details of the EU and the US restrictive measures ongoing

 Adherence to the 2014-16 investment program

 CEO Manfred Kastner: "Despite the macroeconomic uncertainties we hold on to our plans. We are confident in our forecast for this year as our operations run smoothly and according to the plan."

450 million and EBITDA in the range of EUR 113 to 121 million for 2014.
The Company assessed the effects of the sanctions on its business model,
2014 objectives and 2014-16 capital expenditure program. While the EU and the US export restrictions for certain items target specific projects pertaining to deep water and Arctic exploration and production and shale oil projects, nei- ther C.A.T. oil nor its subsidiaries have ever been involved in any of the aforementioned projects. The Company's focus has always been pressure pumping, sidetracking and drilling services solely at onshore conventional oil and gas reservoirs in Russia and Kazakhstan. C.A.T. oil has repeatedly stressed that it will consequently follow its proven strategy and neither change its business focus nor the nature of its operations going forward. Thus, the
2014-16 investment program of EUR 390 million is also not intended for any of the restricted activity areas but support of customers' production from matur- ing conventional oil and gas reservoirs with diminishing productivity.

Manfred Kastner, CEO of C.A.T. oil, said: "We have been active in Russia for

more than 20 years. Over time we have gone through different economic and political phases. We have always been flexible in our operations and commit- ted to our customers and services. Despite the current macroeconomic uncer- tainties we thus also hold on to our plans now. We are confident in our fore- cast for this year as our operations run smoothly and according to the plan."
C.A.T. oil's business model resides upon modern technology and a well in- vested asset base with operating capacities primarily of EU and US origin. Af- ter having made the initial assessment, C.A.T. oil is - despite its awareness that export controls are subject to change and that regulators have broad dis- cretion when interpreting export controls - confident in its business model. The planned capacity additions are not intended for deep water, Arctic or shale oil projects. Therefore, the Company believes the latest EU and US ex- port control rules for Russian oil industry do not jeopardize its business model,
2014 operating and financial objectives and 2014-16 investment program.
Manfred Kastner further concluded: "We are of course closely following the developments and are constantly evaluating the conditions of the sanctions. At the same time, however, we are concentrating on our operations and the exe- cution of our investment plan. We, therefore, remain focused beyond 2014 as our strategy aims at profitable growth going forward."
www.catoilag.com

FTI Consulting

Carolin Amann

Phone: +49 (0)69 92037-132

Email: carolin.amann@fticonsulting.com

Steffi Fahjen

Phone: +49 (0)69 92037-115

Email: steffi.fahjen@fticonsulting.com

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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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