EANS-Adhoc

C.A.T. oil AG / C.A.T. oil AG informed about alleged incorrectness of offer document

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers
12.12.2014

Vienna, Austria, 12 December 2014 - The management board of C.A.T.
oil AG (Company) (ISIN: AT0000A00Y78; WKN: A0JKWU) was informed by AB
PCO Investment Limited (Cyprus) (AB PCO), an investment vehicle of
the member of the management board Anna Brinkmann, on 12 December
2014 that the offer document which was published by Joma Industrial
Source Corp. (Joma or Bidder) on 11 December 2014 in conjunction with
its mandatory takeover offer for all shares of the Company is
allegedly incorrect in two respects. On the one hand, according to AB
PCO, the Bidder informed AB PCO that the shares of the Company which
are held by CAT. Holding (Cyprus) Ltd. (CAT. Holding) - in contrast
to the information provided in the offer document on page 24 et seq.
(English language version) - have not been pledged. According to the
Bidder's Cypriot lawyers' information this statement was a
misunderstanding ("Furthermore for the avoidance of any
misunderstanding or confusion we attach for your reference an extract
[...] which confirms that no security interest whatsoever or charge
was or is created over the shares of CAT Oil AG held by CAT Holding
(Cyprus) Ltd. No share pledge or charge of shares has been granted by
[...] CAT. Holding (Cyprus) Limited [...].").On the other hand,
according to AB PCO, the Non-Tender Agreement - mentioned on page 25
et seq. of the offer document (English language version) - between
the Bidder and CAT. Holding is null and void due to violation of
statutory law. The management board will inform the competent German
Federal Financial Supervisory Authority (BaFin) about this situation
without undue delay together with the request to further investigate
the facts and to issue appropriate orders if necessary. This Ad
hoc-disclosure does not qualify as a statement, or as part of a
statement, by the management board and the supervisory board within
the meaning of sec. 27 of the German Securities Acquisition and
Takeover Act (WpÜG), which the management board and supervisory board
will publish within the statutory period.

C.A.T. oil AG
Kaerntner Ring 11-13
A-1010 Vienna
Austria
Ticker symbol: O2C
ISIN: AT0000A00Y78
Common Code: 025162498
Listing: Official Market / Prime Standard, Frankfurt Stock Exchange
www.catoilag.com

End of Ad hoc Release

Press contact:
FTI Consulting
Carolin Amann
Phone: [phone]
Email: [e-mail]

Steffi Susan Kim
Phone: [phone]
Email: [e-mail]

Further inquiry note:
Carolin Amann Tel: [phone] Email: [e-mail]

Steffi Susan Kim Tel: [phone] Email: [e-mail]

end of announcement euro adhoc
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issuer: C.A.T. oil AG
Kärntner Ring 11-13
A-1010 Wien
phone: [phone] - 0
FAX: [phone] - 20
mail: [e-mail]
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