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2016-02-11

Petrosibir AB: Production report for January 2016

Petrosibir’s total oil production in January 2016 amounted to 41,130 barrels,
equivalent to 1,327 barrels per day.

The table below summarizes the production broken down by region.

Petrosibir owns 100% of the Russian company Ingeo Holding, which holds a
production license in Bashkiria. Petrosibir also owns 49% of the Cypriot
company Ripiano, whose wholly owned Russian subsidiaries hold three
production licenses in Komi. Bashkiria and Komi are federal subjects of the
Russian Federation.

On 16 December 2015 Petrosibir acquired its 49% share of the Komi operations.
The tables for the full year 2015 therefore only include 16 days of
production from Komi.

On 11 December 2015 Petrosibir distributed its Ukrainian operations to its
shareholders. The tables above therefore include the production from Ukraine
up until and including 11 December 2015.

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 will shortly be
traded on the OTC-list at beQuoted.

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

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