EANS-Adhoc: C.A.T. oil AG: Supervisory Board approves preliminary results for the year 2015 -Sales revenues in euros decreased by 21.8% to EUR 322.5 milli...

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Dividend Announcements/Distribution/Accounting and Audits 27.04.2016

Vienna/Moscow, 27 April 2016

The Supervisory Board of C.A.T. oil AG, Vienna, discussed and approved officially the preliminary results for the year 2015. C.A.T. oil AG, which is operative in oil and gas field services mainly in Russia maintained its strong market position and raised the revenues in Russian roubles by 4.4%. Expressed in euros, the consolidated sales revenues decreased to EUR 322.5 million, EBITDA contracted by 28.0% to EUR 81.5 million but kept the satisfactory level of 25.3% of revenues. The consolidated net profit resulted in EUR 20.3 million for the year 2015, a decline of 62.5%.

The Management Board expects the economic environment to stay challenging, but sees chances to play an active role in the current consolidation process of the industry. Therefore and in order to keep the structure of the balance sheet strong, both boards will propose to suspend the dividend payment for 2015.

The consolidated annual report for 2015 will be published on 28 April 2016 after close of trading on the company's corporate website at www.catoilag.com.

end of announcement euro adhoc =-------------------------------------------------------------------------------

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   April 27, 2016 14:00 ET (18:00 GMT)- - 02 00 PM EDT 04-27-16