VNV Global — Net Asset Value 2010

Sep 2, 2010

Press Release September 2, 2010

Net asset value as of August 31, 2010: USD 4.93 (SEK 36.35) per share

Net asset value per share: USD: 4.93, SEK: 36.35

Change in net asset value (USD/share) August 2010: -1.60%

RTS index development, August 2010: -3.90%

Three largest holdings, August 31, 2010 (Share of Portfolio):

1. Black Earth Farming 18.2%

2. TNK-BP Holding 18.1%

3. Kuzbassrazrezugol 9.7%

Vostok Nafta's estimated net asset value as of August 31, 2010 amounted to approximately USD 497.87mln (SEK 3,671.12mln according to USD/SEK 7.3737). Net cash as of August 31 amounted to USD 7.85mln. The number of outstanding shares as of August 31, 2010 was 100,990,975. 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 31, 2010.

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