VNV Global — Net Asset Value 2010

Feb 2, 2010

Press Release February 2, 2010

Net asset value as of January 29, 2010: USD 5.15 (SEK 37.91) per share

Net asset value per share: USD: 5.15, SEK: 37.91

Change in net asset value (USD/share) January 2010: 8.63%

RTS index development, January 2010: 2.02%

Three largest holdings, January 29, 2010 (Share of Portfolio):

1. Black Earth Farming 21.4%

2. Kuzbassrazrezugol 11.3%

3. TNK-BP Holding 9.2%

Vostok Nafta's estimated net asset value as of January 29, 2010 amounted to approximately USD 520.31mln (SEK 3,828.26mln according to USD/SEK 7.3577). Net cash as of January 29 amounted to USD 8.47mln. The number of outstanding shares per January 29, 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 January 29, 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