May 13, 2016

Petrogrand has complied with its obligation under the share purchase agreement ('SPA') with Shelton Petroleum AB (now Petrosibir AB) and through a competitive tender divested its shareholding in Zhoda Petroleum Ukraine AB ('Zhoda'). The total cash consideration amounted to SEK 4 751 700.

For further information, please contact:

Richard Cowie, Chairman of the Board.

Pavel Tetyakov, CEO.

Phone: +46 8 5000 7810
info@petrogrand.se

About Petrogrand
For more information visit the company's webpage www.petrogrand.se.

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PetroGrand AB published this content on 13 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 May 2016 14:03:11 UTC.

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