EANS-News

C.A.T. oil AG / Management Board and Supervisory Board publish Joint Reasoned Statement on Takeover Offer made by Joma Industrial Source Corp

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

Subtitle: • Management Board and Supervisory Board recommend
shareholders to accept takeover offer by Joma Industrial Source Corp.
• CEO Manfred Kastner “We have an excellent track record and
generated significant shareholder value – over the past three years
C.A.T.oil’s share price increased by more than 218%.”

Mergers - Acquisitions - Takeovers/Reasoned Statement

The Management Board and Supervisory Board of C.A.T. oil AG (O2C,
ISIN: AT0000A00Y78; "the Company")today published their Joint
Reasoned Statement pursuant to Article 27 WpÜG on the takeover offer
made by Joma Industrial Source Corp. ("Joma") on December 11, 2014.
In this statement, Management Board and Supervisory Board indicate
that the offer price of EUR 15.23 is adequate from a financial point
of view. However, the bidder's intentions remain, to a large extent,
unclear. Management Board and Supervisory Board recommend
shareholders of C.A.T. oil AG to accept the takeover offer. The
evaluation of the offer price's adequateness is, inter alia,
supported by a Fairness Opinion based on marked standard valuation
methods, provided by Commerzbank AG, Frankfurt.

Manfred Kastner, Chief Executive Officer of C.A.T. oil AG, said: "The
offer price is adequate from a valuation perspective given the
current geopolitical and macroeconomic environment. As a Management
Board we are convinced that C.A.T. oil is perfectly positioned as it
has a proven strategy geared towards profitable growth. We have an
excellent track record and generated significant shareholder value -
over the past three years C.A.T. oil's share price increased by more
than 218%. Moreover, C.A.T. oil enjoys an excellent reputation
amongst customers for its reliability and high quality of services."

The full Reasoned Statement by the Management Board and the
Supervisory Board has been posted today on the Company's website at
http://www.catoilag.com/ upload/Statement_2014-12-19.pdf and
publication by announcement in the Federal Gazette (Bundesanzeiger)
has been arranged for.

www.catoilag.com

Press contact:

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

Steffi Susan Kim
Phone: [phone]