VNV Global — AGM Information 2012

Aug 29, 2012

Press Release August 29, 2012

Special General Meeting in Vostok Nafta Investment Ltd

A Special General Meeting in Vostok Nafta Investment Ltd (the "Company") was held on Wednesday, August 29, 2012 at 10:00 am at Linklaters Advokatbyrå, Regeringsgatan 67 in Stockholm, Sweden

At the meeting, the shareholders considered a number of items, some of which were the following.

• It was resolved to amend the Company's Bye-Laws, section 2.1. The amendment includes the introduction of a new class of shares designated the "Redemption Shares", which upon notice by the Company may be redeemed, at a price that may be made up wholly or partly of cash or non-cash consideration, including, without limitation, consideration consisting of shares, warrants, options or other securities, or depositary receipts representing such securities. In all other respects, all shares in the company shall carry equal rights.
• A mandatory redemption programme for all shareholders was adopted. To effect the programme it was resolved to carry out a share split and to reduce the share capital by mandatory redemption of shares. According to the resolution each outstanding share in the Company shall be divided into two shares, one of such shares to be a Redemption Share. In connection therewith, holders of Swedish Depository Receipts ("SDRs") representing shares in the Company will receive one redemption SDR ("Redemption SDR") for each SDR held. The record day for the share split shall be September 6, 2012.
• Further, the Company's share capital shall be reduced by USD 44,976,686.50 by way of redemption of all issued and outstanding Redemption Shares. The consideration for each Redemption Share shall be SEK 18.00. Trading in Redemption SDRs shall take place on NASDAQ OMX Stockholm from September 10, 2012 up to and including September 21, 2012. The record date for the share redemption shall be September 26, 2012. Payment is expected to be made to shareholders and holders of Redemption SDRs on or around October 2, 2012 via Euroclear Sweden AB.

For further information please contact: Robert Eriksson, Head of Investor Relations, Tel +46 (0)8-545 015 50