Shelton Petroleum AB (publ) (”Shelton”) publishes prospectus in connection with
its public offer (“the Offer”) to the shareholders of Petrogrand AB (publ)
(“Petrogrand”).  The prospectus has been approved and registered by the Swedish
Financial Supervisory Authority.


The printed application form and return envelope will be distributed to all
shareholders registered directly with Euroclear Sweden AB (“Euroclear”) as of
February 14, 2014. Prospectus and blank application forms can also be
downloaded in electronic form from Shelton's website www.sheltonpetroleum.com
and from Pareto Securities AB’s ("Pareto Securities”) website
www.paretosec.com. A printed version of the prospectus can be obtained at
Shelton’s and Pareto Securities’ offices.

The acceptance period for the Offer runs from February 18, 2014 to March 10,
2014

Shareholders holding directly registered shares

Shareholders in Petrogrand whose shares are directly registered in the VPC
account with Euroclear and who wish to accept the Offer should, during the
acceptance period sign and deliver a correctly completed application form to:

Pareto Securities AB

Emissionsavdelningen/Shelton

Box 7415, Berzelii Park 9

SE-103 91 Stockholm

Tel: +46 8 402 50 00

Fax: +46 8 402 50 30

E-mail: issueservice.se@paretosec.com

 

The application form must delivered, faxed or sent by mail in the attached
return envelope well in advance of the last day of acceptance in order to be
received by Pareto Securities at the latest 17.00 (CET) on March 10, 2014.

Securities accounts and current holdings are stated on the printed acceptance
form, which will be sent out to shareholders whose shares are directly
registered with Euroclear. The holders should verify that the printed
information on the acceptance form is correct.

Shareholders holding share registered with a nominee

Shareholders in Petrogrand, whose shares are registered with a nominee such as
a bank or other entity, will not receive the Offer Document or the printed
acceptance form. Acceptance of the Offer shall instead be done in accordance
with instructions from such nominee.

Stockholm 17 February 2014

Shelton Petroleum AB (publ)

The board of directors

 

For more information, please contact:

 

Robert Karlsson, CEO Shelton Petroleum, +46 709 565 141
robert.karlsson@sheltonpetroleum.com

www.sheltonpetroleum.com

 

The information provided herein is such that Shelton Petroleum AB is obligated
to disclose it pursuant to the Securities Markets Act (2007:528) and the
Takeover rules. The information was submitted for publication at 17.30 (CET) on
February 17, 2014.

About Shelton Petroleum Shelton Petroleum is a Swedish company focused on
exploring and developing concessions in Russia and the resource-rich basins of
Ukraine. In Russia, the company holds three licenses in the Volga-Urals area in
Bashkiria and has commenced production on the Rustamovskoye field after a
successful exploration program. In Ukraine, Shelton Petroleum’s wholly owned
subsidiary has a joint venture with Ukrnafta and Chornomornaftogaz, two leading
Ukrainian oil and gas companies. The Shelton Petroleum share is traded on
NASDAQ OMX Stockholm under the symbol SHEL B.

 

IMPORTANT INFORMATION

THIS PRESS RELEASE MAY NOT, DIRECTLY OR INDIRECTLY, BE DISTRIBUTED OR PUBLISHED
TO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, HONGKONG, JAPAN, CANADA,
NEW ZEALAND OR SOUTH AFRICA. THE OFFER IS NOT GIVEN TO (AND ACCEPTANCES WILL
NOT BE ADMITTED FROM) PERSONS IN THESE COUNTRIES OR PERSONS IN ANY OTHER
COUNTRY WHERE AN ACCEPTANCE OF THE OFFER WOULD REQUIRE FURTHER DOCUMENTATION,
REGISTRATION OR OTHER MEASURES IN ADDITION TO WHAT IS REQUIRED BY SWEDISH LAW.

This press release contains forward looking statements which in relation to the
Offer means certain risks and uncertainties, including the expected advantages
of the acquisition for Shelton and Shelton’s strategic and operational
expectations. Actual events or results can due to a number of risks and
uncertainties significantly differ from what has been described in this press
release, including among other things that the Offer cannot be completed or
that the completion is delayed and that the expected advantages of the Offer
for Shelton cannot be realized.

All information in this press release has been submitted as of 17 February
2014, and Shelton has no intention, and does not undertake to, update the
information.

This is an English translation of the Swedish original. In case of
discrepancies, the Swedish original shall prevail.