VNV Global — Net Asset Value 2012

Oct 2, 2012

Press Release October 2, 2012

Net asset value as of September 30, 2012: USD 2.83 (SEK 18.47) per ordinary share and USD 2.76 (SEK 18.00) per redemption share*

Net asset value per ordinary share: USD 2.83, SEK 18.47

Net asset value per redemption share*: USD 2.76, SEK 18.00

Change in net asset value (USD/ordinary share**) September 2012: 9.00%

RTS index development, September 2012: 6.19%

* Redemption shares will be redeemed on or about 2 October 2012 against cash consideration in the amount of USD 2.76 (SEK 18.00) per share.

** Previously communicated figure corrected for redemption amount.

Three largest holdings, September 30, 2012 (Share of Total NAV):

• 1. Tinkoff Credit Systems 35.1%
• 1. Black Earth Farming 22.7%
• 1. Avito 19.9%

Vostok Nafta's estimated net asset value as of September 30, 2012 amounted to approximately USD 254.56mln (SEK 1,661.87mln according to USD/SEK 6.5284). Net cash as of September 30 amounted to USD 273.02mln. The number of outstanding shares as of September 30, 2012 was 179,906,746, of which 89,953,373 were ordinary shares and 89,953,373 were redemption shares. 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 September 30, 2012.

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