VNV Global — Net Asset Value 2010

Mar 2, 2010

Press Release March 2, 2010

Net asset value as of February 26, 2010: USD 5.12 (SEK 36.46) per share

Net asset value per share: USD: 5.12, SEK: 36.46

Change in net asset value (USD/share) February 2010: -0.67%

RTS index development, February 2010: -5.67%

Three largest holdings, February 26, 2010 (Share of Portfolio):

1. Black Earth Farming 21.2%

2. Kuzbassrazrezugol 11.4%

3. Tinkoff Credit Systems 9.6%

Vostok Nafta's estimated net asset value as of February 26, 2010 amounted to approximately USD 516.94mln (SEK 3,681.71mln according to USD/SEK 7.1221). Net cash as of February 26 amounted to USD 6.79mln. The number of outstanding shares as of February 26, 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 February 26, 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