VNV Global — Earnings Release 2015

Feb 3, 2015

Press Release February 3, 2015

Net asset value as of January 31, 2015: USD 4.58 (SEK 37.85) per share

Net asset value per share: USD 4.58, SEK 37.85 Change in net asset value (USD/share) January 2015: -5.20% RTS index development, January 2015: -6.75%

Three main equity holdings, January 31, 2015 (Share of Total NAV):

1. Avito 56.2%

2. GetTaxi 7.6%

3. Tinkoff Credit Systems 7.5%

Vostok Nafta's estimated net asset value as of January 31, 2015 amounted to approximately USD 338.70 mln (SEK 2 799.70 according to USD/SEK 8.2660). Net cash as of January 31 amounted to USD 13.46 mln. Cash including liquid debt investments as of January 31 amounted to USD 42.08 mln and cash including all debt investments amounted to USD 77.27 mln. The number of outstanding shares as of January 31, 2015 was 73,971,312. For the shares in the portfolio that are listed, the market value has been calculated by using the last available closing bid price as at January 31, 2015.

This report has not been subject to review by the company's auditors.

Per Brilioth Managing Director

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