Shelton Petroleum publishes supplement 3 to prospectus in connection with Shelton’s public offer to the shareholders of Petrogrand

THIS PRESS RELEASE MAY NOT, DIRECTLY OR INDIRECTLY, BE DISTRIBUTED OR PUBLISHED
TO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, HONG KONG, 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.

Shelton Petroleum AB (publ) (”Shelton”) publishes supplement 3 to the
prospectus published on February 17, 2014 (the “Prospectus”) in connection with
Shelton’s public offer (“the Offer”) to the shareholders of Petrogrand AB
(publ) (“Petrogrand”).  Supplement 3 to the Prospectus (“Supplement 3”) has
been approved and registered by the Swedish Financial Supervisory Authority.


Supplement 3 has been prepared in connection with:

  • Shelton's announcement on March 24, 2014 in relation to Petrogrand’s public
    offer to the holders of shares, convertible loans and warrants in Shelton
    to sell all their shares, convertible loans and warrants in Shelton to
    Petrogrand for a cash consideration of SEK 18.60 per share of series A and
    B, SEK 17.50 plus accrued interest per convertible loan of series 2013/2014
    and SEK 3.00 per warrant. The board of Shelton announced that it will
    conduct a thorough analysis of the public offer and thereafter publish its
    opinion on it. The board recommends all shareholders, holders of
    convertible loans and warrants not to make any final decision until all
    information has been made available.

  • Shelton's announcement on March 25, 2014 with information related to the
    extra general meetings in Shelton Petroleum and Petrogrand as well as an
    update on Shelton’s operations in Ukraine.

 

Supplement 3 can 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 Supplement 3 can be obtained at
Shelton’s and Pareto Securities’ offices. Supplement 3 must be read together
with and forms an integral part of the Prospectus (as supplemented) in all
respects.

 

Stockholm, March 27, 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 14:45 (CET) on
March 27, 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 March 27, 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.