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VNV Global Earnings Release 2014

Jun 13, 2014

3125_rns_2014-06-13_440b9414-59a9-454f-8831-1b4f749d8dd5.pdf

Earnings Release

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Press Release June 13, 2014

Avito first quarter 2014 trading statement

Vostok Nafta Investment Ltd's ("Vostok Nafta") largest holding, Avito AB has today released its trading statement with non-audited IFRS figures for the first quarter 2014.

Key performance indicators first quarter 2014

− Revenues of RUB 852mln (USD 23.8mln), up 115 % compared with first quarter 2013 (RUB 396mln).
− EBITDA margin of 46% or RUB 393mln (USD 11mln), compared with first quarter 2013 (RUB -23.6mln).
− Avito's cash position in excess of USD 100mln at the end of the first quarter.
− Page views amounted to 17bln compared to 10bln for the previous year.
− Monthly audience in March 2014 of 25.8mln according to TNS Russia. Comparable data not available for the previous year.

All USD amounts have been translated with the USD/RUB rate as per March 31, 2014

For further information please contact: Björn von Sivers, Investor Relations, Tel +46 8 545 015 50