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Schoeller-Bleckmann Oilfield Equipment AG

EANS-General Meeting: Schoeller-Bleckmann Oilfield Equipment AG
Invitation to the General Meeting

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  General meeting information transmitted by euro adhoc. The issuer is
  responsible for the content of this announcement.
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SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft
Ternitz, FN 102999w (the "Company ")
Homepage: www.sbo.at
Fax no.: +43 +2630 315501

I N V I T A T I O N

We herewith invite our shareholders to the

Annual General Meeting

to be held on Thursday, 27 April 2017 at 10:00 a.m.
in 2630 Ternitz, Theodor-Körner-Platz 2, ("Stadthalle")

with the following Agenda:

1) Submission of the approved Annual Financial Statements according to the
Austrian Commercial Code (UGB) including the Notes and Management Report, the
Corporate Governance Report, the Consolidated Financial Statements according to
IFRS including the Notes thereto and the Group Management Report, the Executive
Board's Proposal on the appropriation of the retained profit, in each case in
relation to the fiscal year ended 31 December 2016, and submission of the Report
of the Supervisory Board for the fiscal year 2016.

2) Resolution on the appropriation of the retained profit as set out in the
Annual Financial Statements for the fiscal year ended 31 December 2016.

3) Resolution on the discharge of the members of the Executive Board for the
fiscal year 2016.

4) Resolution on the discharge of the members of the Supervisory Board for the
fiscal year 2016.

5) Election of the auditors of the Annual Financial Statements and the
Consolidated Financial Statements for the fiscal year 2017.

6) Resolution on the remuneration of the members of the Supervisory Board
pursuant to Section 13 (4) of the Articles of Association.

7) Election of a member to the Supervisory Board.

8) Resolution on the amendment to the Art. 14 (3) of Articles of Association
(General Meeting - Convocation - Voting by Electronic Means)

Right to attend and record date (Section 106 (6) and (7) Stock Corporation Act
(AktG)):
The right to attend the Annual General Meeting and to exercise shareholder
rights which have to be asserted at the Annual General Meeting, pursuant to
Section 111 (1) and (2) AktG, depend on the ownership of shares at the end of
the 10th day before the date of the Annual General Meeting (record date), and,
accordingly, on the ownership of shares on 17 April 2017, 12:00 p.m. midnight.
Attendance of the Annual General Meeting is permitted only if a person is a
shareholder on that record date and proves this fact to the Company. Such
evidence (deposit confirmation) must be received by the Company in writing
pursuant to Section 10a Stock Corporation Act (AktG), no later than 24 April
2017, exclusively at one of the addresses below:

By post: Schoeller-Bleckmann Oilfield Equipment AG
c/o HV-Veranstaltungsservice GmbH
A- 8242 St. Lorenzen/Wechsel, Köppel 60

By e-mail:  anmeldung.sbo@hauptversammlung.at (Deposit confirmation as a pdf-
attachment with qualifying electronic signature pursuant to Sec. 4(1) SVG

Via SWIFT: GIBAATWGGMS
Message Type MT 598; reference to ISIN AT0000946652 must be included

The deposit confirmation must be issued by the custodian bank which must be
registered in a member state of the European Economic Area or in a full OECD
member state. Furthermore, it must contain the information set forth in Section
10a (2) AktG and refer to the above record date. Deposit confirmations are
accepted in the German or English language only.

Representation by proxies (Section 106 (8) AktG):
Each shareholder entitled to attend the Annual General Meeting has the right to
appoint a natural or legal person as proxy (Sections 113, 114 AktG). Such proxy
attends the Annual General Meeting on behalf of the shareholder and has the same
rights as the shareholder he/she represents. The Company itself, a member of the
Executive Board or the Supervisory Board may exercise voting rights as proxy
only to the extent the shareholder has issued an explicit voting instruction on
the individual items on the Agenda. The proxy must be granted to a specific
person. The proxy must be issued in writing pursuant to Section 13 (2) AktG; its
revocation must also be made in writing. The proxy and/or its revocation must be
sent to and retained by the Company. Proxies may be submitted to the Company no
later than on 26 April 2017, 4:00 p.m. to 2630 Ternitz, Hauptstraße 2, by
telefax (+43 (0)1 8900 500 65) or by e-mail:  anmeldung.sbo@hauptversammlung.at .
Otherwise, shareholders are kindly requested to present their proxies and/or
revocations to the registration desk of the Annual General Meeting at its venue.
For the appointment of a proxy and its revocation, the proxy form made available
by the Company for its shareholders on the Company's website (www.sbo.at) must
be used (Section 114 (3) AktG). If requested, proxy forms can also be sent to
shareholders by post.

If a shareholder has granted a proxy to his/her custodian bank, it is sufficient
for the credit institution to declare that it was granted proxy, in addition to
issuing the deposit confirmation.

Information on shareholder rights (Section 106 (5) AktG):
Shareholders whose individual or aggregate shareholdings reach at least five
percent of the Company's share capital may, pursuant to Section 109 AktG,
request in writing that items be added to the Agenda of the Annual General
Meeting and that they are announced. Each item that is requested to be added to
the Agenda must be accompanied by a resolution proposal including a statement of
the reasons for this request. Applicants must have held shares for at least
three months prior to submitting the request. The shareholder's request must be
received by the Company by the 21st day prior to the Annual General Meeting,
that is no later than on 6 April 2017, and addressed to 2630 Ternitz,
Hauptstraße 2.

Furthermore, shareholders whose individual or aggregate shareholdings reach one
percent of the Company's share capital may, pursuant to Section 110 AktG, submit
to the Company written proposals for resolution on any item of the Agenda and
request that such proposals be made available on the Company's website together
with the names of the respective shareholders, the (mandatory) statement of
reasons, and the statements, if any, of the Executive Board or the Supervisory
Board. If proposals are made on the election of a member to the Supervisory
Board, the statement of reasons is replaced by a statement of the suggested
candidate, pursuant to Section 87 (2) AktG. This request is considered valid if
received by the Company no later than on the seventh working day prior to the
Annual General Meeting, that is no later than on 18 April 2017, addressed to
2630 Ternitz, Hauptstraße 2, or by telefax to +43 (0)2630 315501.

On request, each shareholder is entitled to obtain information about matters
concerning the Company at the Annual General Meeting to the extent that this is
necessary to properly assess the items on the Agenda (Section 118 AktG).

Shareholder rights linked to ownership of shares during a certain period of time
can be exercised only if the shareholder status in the relevant period is proved
by submitting a deposit confirmation pursuant to Section 10a AktG. When
presented to the Company, the deposit confirmation may not be older than seven
days.

Extensive information on the above shareholder rights pursuant to Sections 109,
110, 118 and 119 AktG is available on the Company's website (www.sbo.at).

Total number of shares and voting rights at the time of convocation (Section 106
(9) AktG):
Pursuant to Section 83 (2) (no 1) Stock Exchange Act (BörseG) and Section 106
(9) AktG we announce that at the date of the convocation to the Annual General
Meeting the share capital of the company is EUR 16,000,000.00, which is divided
into 16,000,000 bearer shares with a nominal of EUR 1.00 each. Each bearer share
confers the right to one vote. At the date of the convocation (reference date:
28 March 2017), the Company holds 52.597 treasury shares, for which the right to
vote cannot be exercised pursuant to Section 65 (5) AktG. Consequently, at the
date of the convocation to the Annual General Meeting, the number of
participating and voting shares totals 15.947.403 as of 28 March 2017.

In particular, the following information will be accessible through the
Company's website (www.sbo.at/Investor Relations/Annual General Meeting) from 6
April 2017 and will also be available during the Annual General Meeting:

- Annual Financial Statements according to Austrian Commercial Code for the year
ended 31 December 2016 including Notes and Management Report;
- Corporate Governance Report;
- Consolidated Financial Statements according to IFRS for the year ended 31
December 2016, including the Notes thereto and the Group Management Report;
- Proposal for the appropriation of retained profit by the Executive Board (item
2 on the Agenda);
- Report of the Supervisory Board;
- Proposed resolutions on items 2 to 8 on the Agenda;
-The candidate's statement for election as member to the Supervisory Board
pursuant to Section 87 (2) AktG.

In order to ensure smooth admission, shareholders are kindly requested to arrive
on time before the Annual General Meeting starts. The Company reserves the right
to verify the identity of those gathered for the Meeting. Should identity not be
verifiable, we may refuse entry. Participants are therefore requested to bring
along an official identity card with photograph (such as passport or driving
licence) to verify their identity. Admission for collecting voting cards starts
at 9:00 a.m.

Ternitz, March 2017

The Executive Board


Further inquiry note:
Andreas Böcskör, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 DW 252, Fax: DW 101
E-Mail:  a.boecskoer@sbo.co.at

end of announcement                               euro adhoc 
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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
sector:      Oil & Gas - Upstream activities
ISIN:        AT0000946652
indexes:     WBI, ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English

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