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 Corporation Act (E)

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

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: [email protected],

Mick Stempel, Hochegger|Financials,
Tel.:+43 1/504 69 87 DW 85,
E-Mail: [email protected],

end of announcement euro adhoc 18.07.2006 08:30:00
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emitter: Schoeller-Bleckmann Oilfield Equipment AG
Hauptstrasse 2
A-2630 Ternitz
phone: 02630/315110
FAX: 02630/315101
mail: [email protected]
WWW: http://info.sbo.at
ISIN: AT0000946652
indexes: WBI, ATX Prime
stockmarkets: official dealing: Wiener Börse AG
sector: Oil & Gas - Upstream activities
language: English

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