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Agreement with Gazprom Neft ensures full utilization of new capacities until end of 2016

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Subtitle: • Framework agreement guarantees full utilization of four
new drilling 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 security 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.”

Company Information

C.A.T. oil AG (O2C, ISIN: AT0000A00Y78),one of the leading providers
of oil and gas field services in Russia and Kazakhstan, signed a
framework agreement with Gazprom Neft on drilling and hydraulic
fracturing services on 17 June 2014. The agreement guarantees full
utilization of four new drilling rigs and one new fracturing fleet
until end of 2016 and foresees conclusion of respective service
agreements between the operating subsidiaries of Gazprom Neft and
C.A.T. oil.

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
schedule.

Manfred Kastner, CEO of C.A.T. oil, commented: "We appreciate the
framework agreement signed with Gazprom Neft, one of our
longest-standing customers. 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 capacities 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

Press contact:
FTI Consulting
Thomas M. Krammer
Phone: [phone]
Email: [e-mail]

Steffi Fahjen
Phone: [phone]