VNV Global — Net Asset Value 2007

Dec 10, 2007

Press Release December 10, 2007

Net asset value of Vostok Nafta Investment Ltd as of November 30, 2007

Net asset value per share: USD: 15.28, SEK: 97.73

Change in net asset value (USD/share) November 2007: 1.45%

RTS index development, November 2007: -0.13%

Three largest holdings, November 30, 2007 (Share of stockholdings):

• 1. Black Earth Farming 20.48%
• 1. TNK BP Holding Pref 12.46%
• 1. Belon 9.38%

Vostok Nafta's estimated net asset value as of November 30, 2007 amounted to approximately USD 723.24 mln (SEK 4,497.63 mln according to SEK/USD 6.40). The number of outstanding shares per November 30, 2007 was 46,020,901. For the shares in the portfolio that are listed, the market value has been calculated by using the closing bid price of November 30, 2007.

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

Per Brilioth Managing Director