VNV Global — Capital/Financing Update 2009

Jan 27, 2009

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA).OR TO US PERSONS

Pressrelease 090127

Vostok Nafta: Telefonkonferens med anledning av den pågående företrädesemissionen

Telefonkonferens den 28 januari 2009, klockan 15:00 Central European Time (CET)

Vostok Nafta Investment Ltd. ("Vostok Nafta" eller "Bolaget") kommer att anordna en telefonkonferens med en interaktiv presentation klockan 15:00 CET den 28 januari 2009. Vid presentationen kommer Vostok Naftas vd Per Brilioth att presentera Bolaget och den pågående företrädesemissionen.

Vänligen ring nedanstående nummer 10 minuter innan telefonkonferensen startar (en operatör kommer att finnas tillgänglig för att hjälpa er).

Telefonnummer att ringa: +46(0)8 5051 3792

För att ta del av den interaktiva presentationen, vänligen logga in på: http://www.livemeeting.com/cc/premconfeurope/join?id=4255835&role=at tend&pw=pw6557

Eller besök www.euvisioncast.com och logga in med följande uppgifter:

Meeting ID: 4255835

Meeting Password: pw6557

En inspelning av telefonkonferensen kommer att finnas tillgänglig från cirka en timme efter det konferensen avslutats och fram till och med den 4 februari 2009.

Telefonnummer för att nå inspelningen är: +46-(0)8-58769441 För att ta del av inspelningen, vänligen ange kod: 4255835#

För ytterligare information, vänligen kontakta:

Robert Eriksson, Head of Investor Relations: +46-701-112615

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IMPORTANT NOTICE:

The information in this press-release is not for release, publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong or Japan.

The information in this press-release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

FOR RECEIVERS OF THIS PRESS-RELEASE IN THE UNITED STATES:

The information in this press-release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities of Vostok Nafta Investments Ltd. in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the offering of securities of Vostok Nafta Investment Ltd. in the United States or to conduct a public offering of shares in the United States. The Shares mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act").

The Shares may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as such term is defined in Regulation S under the Securities Act) except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.

The information in this press-release may not be forwarded or distributed to any other person and may not be reproduced in any manner whatsoever. Any forwarding, distribution, reproduction, or disclosure of this information in whole or in part is unauthorized. Failure to comply with this directive may result in a violation of U.S. Securities Act of 1933, as amended, or the applicable laws of other jurisdictions.

FOR RECEIVERS OF THIS PRESS-RELEASE IN THE UNITED KINGDOM:

This communication does not constitute an offer of securities to the public in the United Kingdom.

This press-release and the invitation to participate in the telephone conference is being distributed by Vostok Nafta Investments Ltd. only to, and is directed at (a) persons who have professional experience in matters relating to investments who fall within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(1) of the Order (all such persons together being referred to as "relevant persons"). No other person should act or rely on this press-release or any of its contents and are not permitted to participate in the telephone conference.