The AGM in PetroGrand AB (publ) ("PetroGrand" or "the Company") decided on June 21, 2010, in accordance with the Board´s proposal, to carry out a consolidation of the Company´s shares 1:100, so that one hundred (100) shares will be consolidated into one (1) share. Furthermore, the Board was authorized to stipulate the record date for the consolidation of shares. Today, the Board has decided that the record date will be on August 20, 2010. Important dates * Record date for consolidation of shares is Friday, August 20, 2010 * Last day of trading with the Company´s shares before the consolidation is Tuesday, August 17, 2010 * First day of trading the consolidated shares is Wednesday, August 18, 2010 For further information, please contact: Maks Grinfeld, MD, tel: +46 768 077 614 Sven-Erik Zachrisson, Chairman of the Board of Directors, tel: +46 8 41 05 45 96 Certified Adviser First North:  HQ Bank (from July 1, Mangold Fondkommission) Reasonable caution notice: The statement and assumptions made in the company's information regarding PetroGrand AB's ("PetroGrand") current plans, prognoses, strategies, concepts and other statements that are not historical facts are estimations or "forward looking statements" concerning PetroGrand's future activities. Such future estimations comprise but are not limited to statements that include words such as "may occur", "concerning", "plans", "expects", "estimates", "believes", "evaluates", "prognosticates" or similar expressions. Such expressions reflect the management of PetroGrand's expectations and assumptions made on the basis of information available at that time. These statements and assumptions are subject to a large number of risks and uncertainties. These, in their turn, comprise but are not limited to i) changes in the financial, legal and political environment of the countries in which PetroGrand conducts business, ii) changes in the available geological information concerning the company's projects in operation, iii) PetroGrand's capacity to continuously guarantee sufficient financing to perform their activities as a "going concern", iv) the success of all participants in the group, or of the various interested companies, joint ventures or secondary alliances, v) changes in currency exchange rates, in particular those relating to the RUR/USD rate. Due to the background of the many risks and uncertainties that exist for any oil-prospecting venture and oil production company in its initial stage, PetroGrand's actual future development may significantly deviate from that indicated in the company's informative statements. PetroGrand assumes no implicit liability to immediately update any such future evaluations. [HUG#1436945] Press Release PDF: This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction for further distribution is prohibited. Source: Petrogrand AB via Thomson Reuters ONE