PRESS RELEASE Order book 2014-16 hits all-time high of EUR 754 million

Order book volume for 2014-16 exceeds previous year's level by

42%

Material improvement in mid-term revenue visibility

Order book increased by 22% yoy in rouble terms and 4% yoy in euro terms to EUR 408 million in 2014

CEO Manfred Kastner: "We have successfully marketed 100% of our fracking, 90% of our sidetracking and two-thirds of our drilling capacities for 2014. We are confident to receive further tender awards in the upcoming weeks."

Vienna, 27 February 2014 - C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one of the leading providers of oil and gas field services in Russia and Kazakh- stan, has made significant progress in its 2014 tendering campaign: As of 26

February 2014, the Company's total order book for 2014-16 hit an all-time high of EUR 754 million (based on a rouble-to-euro exchange rate of 47). This rep- resents an increase of 42% compared to EUR 530 million during the same pe- riod last year. For 2014, C.A.T. oil's order book stands at EUR 408 million, up

4% from EUR 392 million a year ago despite the weakened Russian rouble, in which the majority of the Company's service orders are denominated. The cur- rency has devalued more than 15% yoy relative to the euro since February

2013. The effect of the rouble devaluation therefore overshadows a 22% yoy increase in the order book in rouble terms and the ongoing strong business expansion.

Manfred Kastner, CEO of C.A.T. oil, commented: "We not only achieved a record high order book volume but also secured service orders beyond a 12- months period that now represent 46% of the total order book compared to

26% a year ago. Our success in the 2014 tendering campaign is thus addi- tionally underscored by a material improvement in the mid-term revenue visi- bility."

The tendering campaign is still continuing and will be completed in the upcom-

ing weeks.

Manfred Kastner added. "Thus far, we have successfully marketed 100% of our fracking, 90% of our sidetracking and two-thirds of our drilling capacities for 2014. We are confident to receive additional tender awards in the upcom- ing weeks."

The existing rigs which have not been awarded new tenders so far continue to operate under extensions to last year's contracts and therefore stay fully uti- lized.

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 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 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

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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 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.

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