EANS-Other capital market information: Schoeller-Bleckmann Oilfield Equipment AG / Acquisition and/or sale of treasury shares according to art. 119 para. 9 Stock Exchange Act

Other capital market information transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

SALE OF TREASURY SHARES

SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft

Announcement of a resolution for the sale of treasury shares

In compliance with the resolution passed by the Annual General Meeting on 23 April 2020, the Executive Board of SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft ("SBO") with its seat in Ternitz has decided, to make use of the authorization to sell treasury shares. Accordingly, treasury shares can be sold in a different way than via the stock exchange or a public offer.

The announcement of the intended sale of treasury shares, based on the above mentioned resolution by the Executive Board of SBO, is made pursuant to Sec 4 and 5 Veröffentlichungsverordnung (Austrian Publication Directive).

All transactions carried out in course of such sale of treasury shares will be published on the website at www.sbo.at [http://www.sbo.at]/buyback.

The present announcement represents no offer for the acquisition of SBO shares whatsoever.

1. Date of resolution by the Annual General Meeting:
23 April 2020

2. Date and type of disclosure of the resolution by the Annual General Meeting:
On 23 April 2020 pursuant to Sec 2 and 3 Veröffentlichungsverordnung (Austrian Publication Directive) in connection with Sec 119 (7) BoerseG (Austrian Stock Exchange Act) via an information system with European-wide dissemination and on the SBO website (www.sbo.at).

3. Begin and expected duration of the sale of treasury shares:
From 22 June 2020 to 30 June 2020

4. Share category:
Common bearer shares with a par-value of each EUR 1,00
(ISIN: AT0000946652).

5. Intended volume of treasury shares to be sold, each in proportion to the entire share capital:
6,000 shares representing 0.0375 % of the share capital. Allocation of shares in course of a long-term remuneration program in an over-the-counter transaction.

6. Highest and lowest value per share to be received:
None, because allocation in course of a long-term remuneration program.

7. Type and purpose of the sale of treasury shares:
The treasury shares are allocated in course of a long-term remuneration program.

8. Possible effects of the share reacquisition program on the admission of the Company shares to official trading on the stock exchange:
None

9. Amount and allocation of share options to be granted or which have already been granted to employees, senior managers and individual board members:
None. Neither the Company nor its affiliated companies currently have a share option program in place in the sense of Sec 65 (1b) last sentence AktG (Austrian Stock Corporation Act).

Ternitz, on 16 June 2020
The Executive Board

end of announcement euro adhoc

issuer: Schoeller-Bleckmann Oilfield Equipment AG
Hauptstrasse 2
A-2630 Ternitz
phone: 02630/315110
FAX: 02630/315101
mail: sboe@sbo.co.at
WWW: http://www.sbo.at
ISIN: AT0000946652
indexes: WBI, ATX
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/2917/aom

Rückfragen & Kontakt:

Andreas Böcskör, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Phone: +43 2630 315 ext 252, fax ext 101
E-Mail: a.boecskoer@sbo.co.at

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | EAE0006