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    EANS-News  1472  0 Kommentare C.A.T. oil AG received information about legal dispute around its major shareholder CAT.Holding (Cyprus) Ltd

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    Corporate news transmitted by euro adhoc. The issuer/originator is solely
    responsible for the content of this announcement.
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    Company Information

    The Management Board of C.A.T. oil AG (O2C, ISIN: AT0000A00Y78; "the
    Company") was informed by AB PCO Investment Limited ("AB PCO"), which
    is fully controlled by Anna Brinkmann, that AB PCO has also filed for
    dissolution of CAT GmbH Consulting Agency Trade & Co (Cyprus) ("CAT
    GmbH") on November 18, 2014. Through AB PCO Anna Brinkmann holds
    49.75% of the shares of CAT GmbH. CAT GmbH is a Limited Partnership
    under Cyprus Law, which is in the process of dissolution by court
    action filed on October 27, 2014 by Joma Industrial Source Corp. The
    Limited Partnership indirectly holds 100 % of the shares in CAT.
    Holding Ltd. (Cyprus) ("CAT. Holding"), the Company's major
    shareholder. AB PCO has therefore requested the Management Board of
    C.A.T. oil AG not to cast any voting rights or accept the exertion of
    any other rights attributed to the shares in C.A.T. oil AG without
    knowing that all limited partners of CAT GmbH - including AB PCO -
    have consented to such, pending dissolution of the Limited
    Partnership. In addition to the shares which Anna Brinkmann
    indirectly holds in C.A.T. oil AG through CAT. Holding, she directly
    holds approx. 11 % of the authorized share capital of the Company.
    Furthermore, the Management Board was informed by Dr. Walter Höft on
    November 20, 2014 regarding the asserted transfer of shares from his
    holding company Skible Holding to Joma Industrial Source Corp. After
    the review of documents Dr. Höft decided not to take legal action
    against the asserted transfer of shares in Skible Holding.

    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 production. 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 invested 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.

    Further inquiry note:
    Carolin Amann Tel: +49(0)69-92037-132 Email: carolin.amann@fticonsulting.com

    Steffi Susan Kim Tel: +49(0)69-92037-115 Email: steffi.kim@fticonsulting.com

    end of announcement euro adhoc
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    company: C.A.T. oil AG
    Kärntner Ring 11-13
    A-1010 Wien
    phone: +43(0) 1 535 23 20 - 0
    FAX: +43(0) 1 535 23 20 - 20
    mail: ir@catoilag.com
    WWW: http://www.catoilag.com
    sector: Oil & Gas - Upstream activities
    ISIN: AT0000A00Y78
    indexes: SDAX, Classic All Share, Prime All Share
    stockmarkets: regulated dealing/prime standard: Frankfurt
    language: English






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    EANS-News C.A.T. oil AG received information about legal dispute around its major shareholder CAT.Holding (Cyprus) Ltd - Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. - Company Information The Management Board of C.A.T. oil AG (O2C, ISIN: AT0000A00Y78; "the Company") was informed by …