Schoeller-Bleckmann Oilfield Equipment AG: Annual General Meeting approves dividend increase to EUR 1.10 per share

Ternitz, 16 April 2008. The Annual General Meeting of Schoeller-Bleckmann Oilfield Equipment AG, held today, Wednesday 16 April 2008, approved a dividend to be paid to shareholders for the 2007 business year consisting of a EUR 0.50 basic dividend plus a special dividend of EUR 0.60, totalling EUR 1.10 per share. This represents a dividend increase of 38% compared to the 2006 business year.  

In addition, the Management Board of Schoeller-Bleckmann was authorized to carry out a share buyback program within the next 30 months. All other proposals on the agenda were approved in accordance with the resolutions submitted to today’s Annual General Meeting.   

 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. SBO employs a workforce of 1,222 worldwide (31 December 2006: 1,086), 375 in Ternitz/Austria and 603 in North America (including Mexico). 

Further inquiry note:
Gerald Grohmann, Chief Executive Officer
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Austria, Hauptstraße 2
Tel: +43 2630/315 ext 110, fax: ext 101
E-mail: sboe@sbo.co.at 

Mick Stempel, Hochegger|Financials
Tel: +43 1/504 69 87 ext 85
E-mail: m.stempel@hochegger.com