Schoeller-Bleckmann Oilfield Equipment AG: Annual General Meeting adopts dividend payment of EUR 0.50 – Executive Board again authorized to acquire own shares  

Ternitz/Vienna, 28 April 2010. The Annual General Meeting of Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX segment of the Vienna Stock Exchange, today adopted the proposal by the Executive Board to pay a dividend of EUR 0.50 (2008: EUR 0.75) per share for fiscal 2009. The ex-dividend and dividend payment date was set at 12 May 2010.  

Furthermore, the Executive Board was authorized for a period of 30 months starting from adoption of the resolution to acquire own shares of the company and to withdraw or re-sell own shares without any further resolution by the Annual General Meeting and to determine the terms of re-selling the shares. 

The Executive Board and Supervisory Board were granted discharge. For the current fiscal year, SST Schwarz & Schmid Wirtschaftsprüfungsges.m.b.H. Wirtschaftsprüfungs- und Steuerberatungsgesellschaft was appointed auditor of the annual financial statements of the company and Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H. was appointed auditor of the consolidated financial statements. The resolution on the amendment of the Articles of Association, in particular to implement the optional provisions of the Stock Corporation Amendment Act 2009, was adopted. 

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 1056 as at 31 December 2009 (31 December 2008: 1394), thereof 314 in Ternitz/Austria and 447 in North America (including Mexico).

Further inquiry note:
Gernot Bauer, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 ext 250, fax: ext 501
e-mail: g.bauer@sbo.co.at

Mick Stempel
Metrum Communications GmbH
Tel: +43 1 504 69 87 ext 385
e-mail: m.stempel@metrum.at