Communiqué from Extraordinary General Meeting 2 May 2014

| Source: Shelton Petroleum AB
Shelton Petroleum earlier today held an extraordinary general meeting. The
general meeting had been convened at the request of Petrogrand AB. The
extraordinary general meeting resolved that a minority auditor should be

Minutes from the extra general meeting will be available at the company’s


For more information, please contact:

Robert Karlsson, CEO Shelton Petroleum, tel +46 709 565 141


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.

The information provided herein is such that Shelton Petroleum AB is obligated
to disclose it pursuant to the Securities Markets Act and/or the Financial
Instruments Trading Act. The information was submitted for publication at 16:45
CET on 2 May 2014.