EANS-News: C.A.T. oil AG / Management proposes Petro Welt Technologies AG as the new brand name for C.A.T. oil AG

Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.

Strategic management decisions/Rebranding of C.A.T. oil AG

The Management Board and the Supervisory Board propose to the shareholders to change the company name from C.A.T. oil AG to Petro Welt Technologies AG and to amend clause 1.1 of the Articles of Association accordingly.

The new name underlines the Company's emphasis on technological services in oil and gas as well as the global reach of the Company. At the same time the name relates to the seat of the Company and the stock exchange where its securities are traded in the German-speaking area. With the new name the Company underlines its special position in the market and its technological direction.

The name change will also settle a long-lasting litigation with Caterpillar Inc. concerning the use of the name "CAT". A compromise agreement with Caterpillar Inc. has been negotiated and is going to be signed shortly.

end of announcement euro adhoc

company: C.A.T. oil AG Kärntner Ring 11-13 A-1010 Wien phone: +43(0) 1 535 23 20 - 0 FAX: +43(0) 1 535 23 20 - 20 mail: ir@catoilag.com WWW: http://www.catoilag.com

sector: Oil & Gas - Upstream activities ISIN: AT0000A00Y78 indexes: SDAX, Classic All Share, Prime All Share stockmarkets: regulated dealing/prime standard: Frankfurt language: English

Digital press kit: http://www.ots.at/pressemappe/EASY_61923/aom

Rückfragen & Kontakt:

SCHOLDAN&Comp.
Bernhard Grabmayr
office@scholdan.com
+43-1-513 23 88-0

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE0002