VNV Global — Net Asset Value 2009

Jan 9, 2009

Press Release January 9, 2009

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

Net asset value per share: USD: 5.89, SEK: 46.30

Change in net asset value (USD/share) December 2008: -5.53%

RTS index development, December 2008: -3.99%

Three largest holdings, December 31, 2008 (Share of Portfolio):

• 1. Black Earth Farming 22.5%
• 1. Tinkoff Credit Systems 16.2%
• 1. RusForest 14.7%

Vostok Nafta's estimated net asset value as of December 31, 2008 amounted to approximately USD 270.92 mln (SEK 2,130.61 mln according to USD/SEK 7.8644). Net debt as of December 31 amounted to USD 50.28 mln. The number of outstanding shares per December 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 December 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