VNV Global — Capital/Financing Update 2009

Jan 15, 2009

This information is not for release, publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong or Japan

Press Release January 15, 2009

VOSTOK NAFTA: PROSPECTUS REGARDING RIGHTS ISSUE NOW AVAILABLE

Vostok Nafta Investment Ltd ("Vostok Nafta") has today made available the prospectus regarding the previously communicated rights issue. The prospectus is available at Vostok Nafta's web site www.vostoknafta.com. The prospectus can also be requested free of charge from Vostok Nafta, Hovslagargatan 5, SE-111 48 Stockholm, +46 8 545 015 50.

For further information, please contact: Robert Eriksson, Head of Investor Relations: +46 701 11 26 15

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.

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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.

The information in this press-release does not constitute an offer of securities of Vostok Nafta Investment Ltd. for sale 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 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 communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who fall within Article 43(2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") in relation to this communication, and (iii) other persons to whom it may lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.