VNV Global — Net Asset Value 2008

Oct 10, 2008

Press Release October 10, 2008

Net asset value of Vostok Nafta Investment Ltd as of September 30, 2008

Net asset value per share: USD: 10.89, SEK: 75.88

Change in net asset value (USD/share) September 2008: -26.0%

RTS index development, September 2008: -26.4%

Three largest holdings, September 30, 2008 (Share of stockholdings):

• 1. Black Earth Farming 17.7%
• 1. TNK BP Holding Pref 11.5%
• 1. Kuzbassrazrezugol 8.7%

Vostok Nafta's estimated net asset value as of September 30, 2008 amounted to approximately USD 501.32 mln (SEK 3,492.17 mln according to USD/SEK 6.9660). The number of outstanding shares per September 30, 2008 was 46,020,901. 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 September 30, 2008.

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

Per Brilioth Managing Director

For further information please contact: Robert Eriksson, Head of Investor Relations, Tel +46 8 545 015 50