Shelton publishes supplement 2 to prospectus in connection

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News Desk 2018

Mar 20, 2014 at 8:00 AM

Shelton publishes supplement 2 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 2 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 2 to the Prospectus (“Supplement 2”) has been approved and registered by the Swedish Financial Supervisory Authority. Supplement 2 has been prepared in connection with: • Shelton's announcement on March 14, 2014 to complete the Offer, to increase the consideration in the Offer from 0.34 to 0.44 Shelton B shares for each share in Petrogrand and to extend the acceptance period up to and including March 28, 2014. Supplement 2 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 2 can be obtained at Shelton’s and Pareto Securities’ offices. Supplement 2 must be read together with and forms an integral part of the Prospectus (as supplemented) in all respects. Stockholm, March 20, 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 12:45 (CET) on March 20, 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 20, 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.

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