Petrogrand: Reports No Income in the 3rd Quarter

Third quarter of 2014

• During the 3^rd quarter, the Group had no operating income (-). The operating result for the 3^rd quarter amounted to TSEK -5 665 (-144 803).
• Net financial items in the 3^rd quarter amounted to TSEK 5 318 (-2 560), including currency effects TSEK 5 115 (-).
• Net result after tax for the 3^rd quarter amounted to TSEK -347 (-147 364).
• Earnings per share for the period amounted to SEK -0.01 (-3.66).

January — September 2014

• During the nine month of the 2014, the Group had no operating income (-). The operating result for the period amounted to TSEK – 26 942 (-160 985), which includes about TSEK -10 000 of extraordinary costs.
• Financial income during the period amounted to TSEK 1 936 (2 329).. Net financial items in the period amounted to TSEK 6 695 (-1 462) including currency effects of TSEK 4 840 (-2 366).
• Net result after tax for the period amounted to TSEK -20 248 (-162 447)
• Earnings per share for the period amounted to SEK -0.50 (-4.03).
• The Company holds 4 983 756 B-Shares in Shelton Petroleum AB (publ) at the end of the period.

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