=------------------------------------------------------------------------------- General meeting information transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. =------------------------------------------------------------------------------- 29.03.2021 SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft Ternitz FN 102999 w ISIN AT0000946652 ("Company") Invitation to the Annual General Meeting of SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft for Thursday, 29 April 2021 at 10:00 a.m., Vienna time Place of the Annual General Meeting as defined in Section 106 No. 1 AktG at "Stadthalle" in 2630 Ternitz, Theodor-Körner-Platz 2 I. HELD AS A VIRTUAL ANNUAL GENERAL MEETING 1. Corporate COVID-19 Act (COVID-19-GesG) and Corporate COVID-19 Regulation (COVID-19-GesV) The Executive Board decided to make use of the legal regulation of a virtual Annual General Meeting in order to protect shareholders and other participants. The Annual General Meeting of SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft on 29 April 2021 will be held as a virtual Annual General Meeting on the basis of Section 1 (2) COVID-19-GesG, Federal Law Gazette I no. 16/2020 as amended by Federal Law Gazette I no. 156/2020 and COVID-19-GesV (Federal Law Gazette II no. 140/2020 as amended by Federal Law Gazette II no 616/2020), taking into account the interests of both the Company and the participants. As a consequence, according to the resolution of the Executive Board, shareholders and their representatives (with the exception of the special proxies pursuant to Section 3 (4) COVID-19-GesV) cannot be physically present at the Annual General Meeting of SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft on 29 April 2021. The virtual Annual General Meeting is held in the physical presence of the Chairman of the Supervisory Board, the Chief Executive Officer and the other member of the Executive Board, the certifying official notary public, and the four special proxies proposed by the Company and auditor's representative at the "Stadthalle" in 2630 Ternitz, Theodor-Körner-Platz 2. The holding of the Annual General Meeting as a virtual Annual General Meeting in accordance with COVID-19-GesV leads to modifications in the course of the Annual General Meeting and in the exercise of shareholders' rights. The exercise of voting rights, the right to submit proposals for resolutions and the right to object are exclusively carried out by one of the special proxies proposed by the Company in accordance with Section 3 (4) COVID-19-GesV. The right to information may be exercised at the virtual Annual General Meeting by the shareholders themselves by means of electronic communication, and in text form exclusively by E-mail directly to the E-mail address fragen.sbo@hauptversammlung.at [fragen.sbo@hauptversammlung.at] of the Company, provided that the shareholders have submitted a deposit certificate as defined in Section 10a Austrian Stock Corporation Act (AktG) within the prescribed period in accordance with Section IV. and have authorized a special proxy in accordance with Section V. 2. Broadcast of the Annual General Meeting on the internet Pursuant to Section 3 (1), (2), and (4) COVID-19-GesV in conjunction with Section 102 (4) Austrian Stock Corporation Act (AktG), the Annual General Meeting will be broadcasted in full acoustically and visually in real time on the internet. This is permissible under data protection law with regard to the legal basis provided under Section 3 (1), (2), and (4) COVID-19-GesV. All shareholders of the Company will be able to follow the Annual General Meeting on 29 April 2021 from 10:00 a.m., Vienna time, as a virtual Annual General Meeting at www.sbo.at/hauptversammlung [http://www.sbo.at/ hauptversammlung] by using suitable technical equipment (e.g. computer, notebook, tablet, or smartphone as well as an internet connection with sufficient bandwidth for video streaming). No registration or login is required to follow the Annual General Meeting. The Company offers two alternative accesses to the internet broadcast with picture and sound in German. Shareholders are requested to select one broadcast on the Company's website (on broadcast 1; on broadcast 2). If shareholders experience transmission or reception disruptions, they are asked to switch to the other provider. The broadcast of the Annual General Meeting on the internet will enable all shareholders to follow the course of the Annual General Meeting in real time via this one-way acoustic and optical connection, and in particular to follow the presentation by the Executive Board, the answers to shareholders' questions and the voting process. Please note that this live broadcast, being a virtual Annual General Meeting, does not enable remote participation (Section 102 (3) No. 2 Austrian Stock Corporation Act (AktG)) and remote voting (Section 102 (3) No. 3 and Section 126 Austrian Stock Corporation Act (AktG)) and that the internet broadcast is not a two-way connection. Therefore, the individual shareholder will only be able to follow the course of the Annual General Meeting. It is also noted that the Company is only insofar responsible for the use of technical means of communication attributable to its sphere of influence (Section 2 (6) COVID-19-GesV). Furthermore, reference is made to the information on the organizational and technical requirements for participation pursuant to Section 3 (3) in conjunction with Section 2 (4) COVID-19-GesV ("Participation Information"). II. 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, the Group Management Report and non-financial statement, the Executive Board's Proposal on the appropriation of the retained profit, in each case in relation to the fiscal year ended 31 December 2020, and submission of the Report of the Supervisory Board for the fiscal year 2020 2. Resolution on the appropriation of the retained profit as set out in the Annual Financial Statements for the financial year ended 31 December 2020 3. Resolution on the discharge of the members of the Executive Board for the fiscal year 2020 4. Resolution on the discharge of the members of the Supervisory Board for the fiscal year 2020 5. Election of the auditor of the Annual Financial Statements and the Consolidated Financial Statements for the fiscal year 2021 6. Election of a person to the Supervisory Board 7. Resolution on the Remuneration Report on the remuneration of the members of the Executive Board and Supervisory Board of SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft for the fiscal year 2020 8. Resolution on the remuneration of the members of the Supervisory Board III. DOCUMENTS REGARDING THE ANNUAL GENERAL MEETING; PROVISION OF INFORMATION ON THE WEBSITE In particular, the following documents will be accessible in accordance with Section 108 (3) and (4) Austrian Stock Corporation Act (AktG) through the Company's website at www.sbo.at/hauptversammlung [http://www.sbo.at/ hauptversammlung], which is registered in the Register of Companies (Firmenbuch), by 8 April 2021 at the latest: * information on the organizational and technical requirements for participation according to Section 3 (3) in conjunction with Section 2 (4) COVID-19-GesV ("Participation Information"), * Annual Financial Statements including Management Report, * Corporate Governance Report, * Consolidated Financial Statements including Management Report and disclosure of non-financial information, * proposal for the appropriation of retained profit, * Report of the Supervisory Board, each for the fiscal year 2020; * proposed resolutions on items 2-8 on the Agenda, * Remuneration Report, * the candidates' statements for election as members to the Supervisory Board (item 6) pursuant to Section 87 (2) Austrian Stock Corporation Act (AktG) and their CV, * form for granting a proxy for the special proxy according to Section 3 (4) COVID-19-GesV, * form for the revocation of a proxy, * form for questions, * complete text of this Invitation IV. RECORD DATE AND REQUIREMENT FOR ATTENDANCE AT THE ANNUAL GENERAL MEETING The right to attend the virtual Annual General Meeting and to exercise voting rights and other shareholder rights which have to be asserted at this virtual Annual General Meeting in accordance with the COVID-19-GesV depend on the ownership of shares at the end of 19 April 2021 (midnight, Vienna time) (record date). Only persons who are shareholders on this record date and provide evidence thereof to the Company will be entitled to participate and exercise their shareholder rights in this virtual Annual General Meeting in accordance with the COVID-19-GesV. For evidence of share ownership on the record date, a deposit confirmation pursuant to Section 10a Austrian Stock Corporation Act (AktG) must be received by the Company no later than 26 April 2021 (midnight, Vienna time) exclusively through one of the communication channels and addresses below: (i) for transmitting the deposit confirmation in text form, which is deemed sufficient by § 19 (3) of the Articles of Association By telefax: +43 (1) 8900 500-65 By e-mail: anmeldung.sbo@hauptversammlung.at [anmeldung.sbo@hauptversammlung.at] (Please send deposit confirmations in PDF format) (ii) for transmitting the deposit confirmation in written form By mail or courier
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