18.07.2006 – 09:02

Schoeller-Bleckmann Oilfield Equipment AG

euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG
Buybacks / Schoeller-Bleckmann Oilfield Equipment AG: Notification of the intended purchase of own shares of the Company pursuant to section 65 para 1 no. 4, 6 and 8 of the Aus-trian Stock Corporati

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

18.07.2006

Ternitz, July 18, 2006. The Management Board of Schoeller-Bleckmann
Oilfield Equipment AG (SBO), listed on the prime market ATX of the
Vienna Stock Exchange, decided to issue a share buyback program on
July 17, 2006. The legal authorization of the repurchase of own
shares within the time frame of 18 months was obtained at the Annual
General Meeting on March 8, 2005 (published on the SBO website at
info.sbo.at on March 8, 2005).

In total, up to 800,000 non-par value bearer shares or 5% of the
equity capital can be repurchased at a price not below EUR 1 and not
above EUR 35. The share buyback program will take place between July
18, 2006 and September 8, 2006. The repurchased own shares are used
for possible future employee participation schemes or for
establishing an option for using the Company's own shares to acquire
shareholdings. The Company shall reserve the right to also use the
repurchased shares for other purposes that are in line with the
authorization granted by the General Meeting. The Company’s own
shares are repurchased via the stock exchange.

Schoeller-Bleckmann Oilfield Equipment AG is the global market leader
in high-precision components for the oilfield service industry. The
business focus is on non-magnetic drillstring components for
challenging directional drilling. Worldwide, SBO employs a workforce
of 964 (December 31, 2005: 913), 245 at Ternitz, Lower Austria and
504 in North America (including Mexico).

end of announcement                               euro adhoc 18.07.2006 08:30:00

Further inquiry note:

Gerald Grohmann, President and CEO,
Schoeller-Bleckmann Oilfield Equipment AG,
A-2630 Ternitz, Hauptstraße 2,
Tel: +43 2630/315 DW 110, Fax: DW 101,
E-Mail: sboe@sbo.co.at,

Mick Stempel, Hochegger|Financials,
Tel.:+43 1/504 69 87 DW 85,
E-Mail: m.stempel@hochegger.com,

Branche: Oil & Gas - Upstream activities
ISIN: AT0000946652
WKN: 907391
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official dealing