VNV Global — Net Asset Value 2008

Apr 10, 2008

Press Release April 10, 2008

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

Net asset value per share: USD: 21.02, SEK: 124.92

Change in net asset value (USD/share) March 2008: -7.78%

RTS index development, March 2008: -0.48%

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

1. Black Earth Farming 28.97%

2. Kuzbassrazrezugol 15.53%

3. TNK BP Holding Pref 6.96%

Vostok Nafta's estimated net asset value as of March 31, 2008 amounted to approximately USD 967.45 mln (SEK 5,748.85 mln according to USD/SEK 5.94). The number of outstanding shares per March 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 March 31, 2008.

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

Per Brilioth Managing Director