2
May 2014
Communiqué from Extraordinary General Meeting 2 May 2014

Shelton Petroleum earlier today held an extraordinary general meeting. The general meeting had been convened at the request of Petrogrand AB. The extraordinary general meeting resolved that a minority auditor should be appointed.

Minutes from the extra general meeting will be available at the company’s website www.sheltonpetroleum.com.

For more information, please contact:

Robert Karlsson, CEO Shelton Petroleum, tel +46709 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. In Russia, the company holds three licenses in the Volga-Urals area in Bashkiria 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. The Shelton Petroleum share is traded on NASDAQ OMX Stockholm under the symbol SHEL B.

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. The information was submitted for publication at 16:45 CET on 2 May 2014.