VNV Global — Net Asset Value 2008

Sep 10, 2008

Press Release September 10, 2008

Net asset value of Vostok Nafta Investment Ltd as of August 29, 2008

Net asset value per share: USD: 14.71, SEK: 94.86

Change in net asset value (USD/share) August 2008: -14.01%

RTS index development, August 2008: -16.30%

Three largest holdings, August 29, 2008 (Share of stockholdings):

• 1. Black Earth Farming 17.76%
• 1. TNK BP Holding Pref 8.08%
• 1. Kuzbassrazrezugol 7.06%

Vostok Nafta's estimated net asset value as of August 29, 2008 amounted to approximately USD 677.17 mln (SEK 4,365.63 mln according to USD/SEK 6.4469). The number of outstanding shares per August 29, 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 August 29, 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