Jun 2011
Change in number of shares and votes

In June 2011, the number of shares in Shelton Petroleum AB decreased to 10,640,588, of which 180 580 are A shares and 10,460,008 are B shares. The number of votes amounts to 12,265,808. The change in the number of shares and votes is a result of the registration at the Swedish Companies Registration Office of a reverse split 1:50 and a small of issue of shares necessary to make shareholdings equally divisible by fifty.

The last day of trade before the 1:50 reverse split is 1 July 2011 and the first day of trade after the reverse split is 4 July 2011.

For more information, please contact: Robert Karlsson, CEO, Shelton Petroleum, tel +46 709 565141 robert.karlsson@sheltonpetroleum.com www.sheltonpetroleum.com

About Shelton Petroleum Shelton Petroleum is a Swedish company focused on exploring and developing concessions in Russia and the resource-rich basins of Ukraine. The company holds three licenses in the Volga-Urals region 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. Shelton Petroleum is pursuing an integrated business model and has acquired a significant equity stake in Baltic Oil Terminals Plc, an AIM listed company with a terminals and transshipment business in Kaliningrad on the coast of the Baltic Sea. The Shelton Petroleum share is traded on the NGM stock exchange under the under the symbol SHEL B. The company has applied for a listing of its share on NASDAQ OMX Main Market.

The information provided herein is such that Shelton Petroleum AB is obligated to disclose it pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. Submitted for publication at 8:30 on 30 June 2011.