MALKA OIL AB (PETROGRAND) MOVES FORWARD IN RUSSIA EXTRAORDINARY SHAREHOLDERS' MEETING IN MALKA OIL AB RESOLVES TO ADOPT A NEW BUSINESS PLAN AND ON AMENDING THE ARTICLES OF ASSOCIATION IN ACCORDANCE WITH THE PROPOSAL OF THE BOARD OF DIRECTORS At an Extraordinary Shareholders' Meeting of shareholders in Malka Oil AB (publ) in Stockholm today, the meeting resolved to adopt the board of director's proposal for a new business plan for the Company and as part thereof to change the name to PetroGrand AB (publ) and to amend the articles of association in accordance with the proposal by the board of directors. As a result of the resolution to adopt the new business plan, the alternate proposal on liquidation was withdrawn from the agenda. [HUG#1408704]