Notice to Extraordinary General Meeting of shareholders in Shelton Petroleum AB (publ)

The shareholders of Shelton Petroleum AB (publ) (the “company”) are hereby
given notice to attend the Extraordinary General Meeting (the “meeting”) to be
held on Friday, 2 May 2014 at 10.00 a.m. CET at Summit Grev Ture, Grev
Turegatan 30 in Stockholm.


Notification and right to participate

The right to participate at the meeting vests in a person who: is registered as
a shareholder in the share register maintained by Euroclear Sweden AB regarding
circumstances pertaining on 25 April 2014; and not later than 25 April 2014
notifies the company of the person’s intention to participate at the meeting.

Notice of participation may be given by mail to Shelton Petroleum AB (publ),
Hovslagargatan 5B, 111 48 Stockholm or by e-mail to
gunnar.danielsson@sheltonpetroleum.com. The notification should state the name,
personal ID or registration number, address, daytime telephone number and
shareholding of the shareholder. Authorisation documents such as power of
attorney and registration certificates should, where appropriate, be submitted
to the company prior to the meeting. Shareholders who wish to be accompanied by
one or two assistants may give notice thereof within the time and in the manner
applicable to shareholders. A power of attorney form is available on
www.sheltonpetroleum.com.

 

Shareholders with nominee-registered shares must, in order to be entitled to
participate at the meeting, request that the nominee effects a temporary
re-registration (voting right registration) of the shares in ample time prior
to 25 April 2014.

 

Proposed agenda

 1. Election of a chairman of the meeting
 2. Preparation and approval of the voting register
 3. Election of one or two persons to attest the minutes
 4. Determination of whether the meeting has been duly convened
 5. Approval of the agenda
 6. Resolution on appointment of a minority auditor
 7. Closure of the meeting

 

Resolution proposals

Resolution on appointment of a minority auditor (item 6)

On 28 March 2014, the company received a request from Petrogrand AB (publ) to
convene an extraordinary general meeting for the purpose of “appointing a
minority auditor in accordance with Chapter 9, Section 9 of the Swedish
Companies Act”. The request is available on the company’s webpage:
www.sheltonpetroleum.com.

 

Miscellaneous

The Company currently has 17,201,037 outstanding shares, of which 170,580 are
shares of series A (10 votes/share) and 17,030,457 are shares of series B (1
vote/share). There are 18,736,257 voting rights.

If requested by a shareholder and provided that the Board deems that it can
take place without causing material damage to the company, the Board and the
CEO shall provide information about circumstances that may affect the
assessment of an item on the agenda, circumstances that may affect the
assessment of the company’s or its subsidiaries’ financial situation, and the
company’s relationship with another company within the group.

 

Stockholm in April 2013

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). The
information was submitted for publication at 21:30 (CET) on 9 April 2014.

 

Facts 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.