Statement Re. Price Movement

Shellshock Limited

("Shellshock" or the "Company")

Statement re. Share Price Movement

The Company notes the recent gains in share price and wishes to announce that it is contemplating a placing to raise up to £5m with new and existing investors, which would be priced at 60p per ordinary share.

There can be no guarantee as to whether the placing will be successful. A further announcement will be made in due course.

For further information contact:

Shellshock Limited

Belize +501 223 5989

UK +44 (0)20 7248 6700

Web: www.shellshocklimited.com  

Cenkos Securities plc

Nicholas Wells +44 (0)20 7397 8900