VNV Global — Net Asset Value 2012

Feb 2, 2012

Press Release February 2, 2012

Net asset value as of January 31, 2012: USD 5.29 (SEK 35.85) per share

Net asset value per share: USD: 5.29, SEK: 35.85

Change in net asset value (USD/share) January 2012: 5.72%

RTS index development, January 2012: 14.14%

Three largest holdings, January 31, 2012 (Share of Portfolio):

1. TNK-BP Holding 25.7%

2. Black Earth Farming 13.8%

3. Tinkoff Credit Systems 9.6%

Vostok Nafta's estimated net asset value as of January 31, 2012 amounted to approximately USD 517.39mln (SEK 3,503.67mln according to USD/SEK 6.7719). Net cash as of January 31 amounted to USD 31.80mln. The number of outstanding shares as of January 31, 2012 was 97,727,069. 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 31, 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