Change in number of shares and votes in Shelton Petroleum

| Source: Shelton Petroleum AB
In May 2014 the number of shares of series A in Shelton Petroleum AB changed. A
total number of 593,750 shares of series A were issued in relation to a
repurchase of part of the outstanding convertible bond KV 2013/2014 by Shelton

Following the issue of shares, the total number of shares of series A amounts
to 764,330. The number of shares of series B remains unchanged, 17,090,042. The
total number of votes amounts to 24,733,342. The share capital has increased by
SEK 2,968,750 and amounts to SEK 89,271,860.

This announcement is made following the registration of the new shares at the
Swedish Companies Registration Office.


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 11:00
on 30 May 2014.