In Petrosibir’s completed non-cash issuance, 155,577,010 B-shares were issued, which increased the total number of Petrosibir B-shares to 354,782,229. Besides the B-shares, there are 9,028,593 A-shares in Petrosibir. After the completion of the non-cash issuance, the number of votes in Petrosibir amounts to 445,078,159, and the total number of shares amounts to 363,820,822.

The new Petrosibir shares are non-cash payment for Shelton Canada Corp. shares and delivery of the shares is planned to commence during next week.

Payment for outstanding options and convertible bonds in Shelton Canada Corp. will be done through a separate new issue of Petrosibir shares.

For more information, please contact:

Robert Karlsson, CEO Petrosibir, tel +46 709 565 141

robert.karlsson@petrosibir.com

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. Submitted for publication at 09.25 p.m. on January 29, 2010.