VNV Global — Net Asset Value 2008

Aug 8, 2008

Press Release August 8, 2008

Net asset value of Vostok Nafta Investment Ltd as of July 31, 2008

Net asset value per share: USD: 17.11 SEK: 103.54

Change in net asset value (USD/share) July 2008: -18.10%

RTS index development, July 2008: -17.59%

Three largest holdings, July 31, 2008 (Share of stockholdings):

• 1. Black Earth Farming 18.18%
• 1. TNK BP Holding Pref 7.45%
• 1. Kuzbassrazrezugol 7.30%

Vostok Nafta's estimated net asset value as of July 31, 2008 amounted to approximately USD 787.49 mln (SEK 4,765.21 mln according to USD/SEK 6.0511). The number of outstanding shares per July 31, 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 July 31, 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