Schoeller-Bleckmann Oilfield Equipment AG: General Meeting approves authorised capital and dividend increase

Ternitz, March 23, 2006. The 2006 Annual General Meeting of Schoeller-Bleckmann Oilfield Equipment AG has adopted today the dividend for the business year 2005 amounting to 30 Eurocent plus 20 Eurocent bonus, in total 50 Eurocents per share (following 40 Eurocents for 2004). Furthermore, the Executive Board was authorised to issue up to 5 million new shares in the framework of a capital increase within five years (authorised capital).

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 directional drilling. Worldwide, SBO employs a workforce of 913, currently 234 at Ternitz, Lower Austria, and 468 in North America (including Mexico).
For further information please contact:
Gerald Grohmann, Vorsitzender des Vorstandes
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

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