PETROGRAND AB: RECORD DATE FOR CONSOLIDATION OF SHARES IN PETROGRAND


The  AGM in PetroGrand AB (publ) ("PetroGrand" or "the Company") decided on June
21, 2010, in  accordance with the Board´s proposal, to carry out a consolidation
of  the  Company´s  shares  1:100, so  that  one  hundred  (100)  shares will be
consolidated  into  one  (1)  share.  Furthermore,  the  Board was authorized to
stipulate  the record date for the consolidation of shares. Today, the Board has
decided that the record date will be on August 20, 2010.

Important dates

  * Record date for consolidation of shares is Friday, August 20, 2010
  * Last day of trading with the Company´s shares before the consolidation is
    Tuesday, August 17, 2010
  * First day of trading the consolidated shares is Wednesday, August 18, 2010


For further information, please contact:
Maks Grinfeld, MD, tel: +46 768 077 614
Sven-Erik Zachrisson, Chairman of the Board of Directors, tel: +46 8 41 05 45 96

Certified Adviser First North:  HQ Bank (from July 1, Mangold Fondkommission)

Reasonable  caution notice: The statement and  assumptions made in the company's
information  regarding PetroGrand AB's  ("PetroGrand") current plans, prognoses,
strategies,  concepts and  other statements  that are  not historical  facts are
estimations  or  "forward  looking  statements"  concerning  PetroGrand's future
activities.  Such future estimations comprise but  are not limited to statements
that  include  words  such  as  "may  occur",  "concerning", "plans", "expects",
"estimates",  "believes", "evaluates", "prognosticates"  or similar expressions.
Such  expressions  reflect  the  management  of  PetroGrand's  expectations  and
assumptions  made  on  the  basis  of  information available at that time. These
statements  and  assumptions  are  subject  to  a  large  number  of  risks  and
uncertainties.

These,  in  their  turn,  comprise  but  are  not  limited  to i) changes in the
financial,  legal and political environment of the countries in which PetroGrand
conducts   business,   ii)  changes  in  the  available  geological  information
concerning  the company's projects  in operation, iii)  PetroGrand's capacity to
continuously  guarantee sufficient  financing to  perform their  activities as a
"going  concern", iv) the  success of all  participants in the  group, or of the
various  interested companies, joint ventures or secondary alliances, v) changes
in  currency exchange rates,  in particular those  relating to the RUR/USD rate.
Due  to the background  of the many  risks and uncertainties  that exist for any
oil-prospecting  venture  and  oil  production  company  in  its  initial stage,
PetroGrand's  actual  future  development  may  significantly  deviate from that
indicated  in  the  company's  informative  statements.  PetroGrand  assumes  no
implicit liability to immediately update any such future evaluations.



[HUG#1436945]


Attachments

Press Release PDF.pdf