VNV Global — Net Asset Value 2009

Mar 10, 2009

Press Release March 10, 2009

Net asset value of Vostok Nafta Investment Ltd as of February 27, 2009

Net asset value per share: USD: 2.88, SEK: 25.93

Change in net asset value adjusted for rights issue (USD/share) February 2009: -5.07%

RTS index development, February 2009: 1.78%

Three largest holdings, February 27, 2009 (Share of Portfolio):

1. Black Earth Farming 23.9%

2. RusForest 18.2%

3. Tinkoff Credit Systems 16.9%

Vostok Nafta's estimated net asset value as of February 27, 2009 amounted to approximately USD 264.77 mln (SEK 2,386.49 mln according to USD/SEK 9.0136). Net cash as of February 27 amounted to USD 11.30 mln. The number of outstanding shares per February 27, 2009 was 92,041,802. 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 February 27, 2009.

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