Petrosibir AB: The Petrosibir share starts trading on the OTC-list on 17 February 2016

As previously announced Petrosibir has agreed with beQuoted that Petrosibir’s
shares of series B will be traded on the OTC-list. First day for trading has
been set to 17 February 2016.

The share will be traded under the name PSIB-B, ISIN code SE0000514572

Trading in the share is done via a bank or broker. The bank contacts in turn
contacts the marketplace who matches the order with other banks’ orders.
Either the trade is completed or registered to be matched with later matching
orders. Realtime purchase and sale prices are for example available at
Avanza, Nordnet, Affärsvärlden and beQuoted.

For more information, please contact:

Dmitry Zubatyuk, CEO, +46 8 407 1850

Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585

www.petrosibir.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 Petrosibir share starts trading on
the OTC-list at beQuoted on 17 February 2016 under the symbol PSIB-B.

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