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

08.06.2007

The Management Board of Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed
on the Vienna Stock Exchange, decided to issue a share buyback program on June
6, 2007. The legal authorization of the repurchase of own shares within the time
frame of 18 months was obtained at the Annual General Meeting on April 19, 2007
(published on the SBO website at info.sbo.at on April 23, 2007). 

In total, up to 1.600.000 shares or 10% of the equity capital can be repurchased
at a price not below EUR 1,-- and not above EUR 100,--. The share buyback
program will take place between June 11, 2007 and October 18, 2008. 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 1.119 (December 31, 2006: 1.086), 325 at
Ternitz, Lower Austria and 568 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: sboe@sbo.co.at

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

emitter:      Schoeller-Bleckmann Oilfield Equipment AG
              Hauptstrasse 2
              A-2630 Ternitz
phone:        02630/315110
FAX:          02630/315101
mail:         sboe@sbo.co.at
WWW:          http://info.sbo.at
sector:       Oil & Gas - Upstream activities
ISIN:         AT0000946652
indexes:      WBI, ATX Prime
stockmarkets: official dealing: Wiener Börse AG 
language:     English