VNV Global — Net Asset Value 2010

Jul 2, 2010

Press Release July 2, 2010

Net asset value as of June 30, 2010: USD 4.83 (SEK 37.66) per share

Net asset value per share: USD: 4.83, SEK: 37.66

Change in net asset value (USD/share) June 2010: -1.95%

RTS index development, June 2010: -3.27%

Three largest holdings, June 30, 2010 (Share of Portfolio):

1. TNK-BP Holding 18.8%

2. Black Earth Farming 17.5%

3. Kuzbassrazrezugol 10.1%

Vostok Nafta's estimated net asset value as of June 30, 2010 amounted to approximately USD 488.27mln (SEK 3,803.19mln according to USD/SEK 7.7891). Net cash as of June 30 amounted to USD 9.23mln. The number of outstanding shares as of June 30, 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 June 30, 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