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2015-12-30

Petrosibir AB: Change in number of shares and votes in Petrosibir

In December 2015 the number of shares of series B in Petrosibir AB changed. A
total number of 17,500,000 shares of series B were issued to Petrogrand AB in
exchange for all of the shares in Sonoyta Ltd, a Cypriot holding company with
two main assets consisting of 4 MUSD in cash and 49% of the shares in Ripiano
Holding Ltd, which in turn holds three production licenses in Komi in Russia
via Russian subsidiaries.

Following the share issue the total number of shares of series B amounts to
35,399,347. The total number of shares of series A remains unchanged,
761,900. The total number of votes amounts to 43,018,347. The share capital
has increased by SEK 87,500,000 and amounts to SEK 180,806,235. 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, Petrosibir, tel +46 709 565 141

robert.karlsson@sheltonpetroleum.com

www.sheltonpetroleum.com

About Petrosibir

Petrosibir (previously Shelton Petroleum) is a Swedish company focused on
exploring and developing concessions in Russia. Petrosibir’s Ukrainian
operations have been distributed to its shareholders. The company holds
licenses in the Russian republics of Bashkiria and Komi. Petrosibir’s 2P oil
reserves amount to 32 million barrels. The company’s share is traded on
Nasdaq Stockholm under the symbol SHEL B until 4 February 2016. The company
will arrange a new trading platform so that the share can be traded also
following that date.

The information provided herein is such that Petrosibir 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
8:30 CET on 30 December 2015.

This is an English translation of the Swedish original. In case of
discrepancies, the Swedish original shall prevail.
.

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