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VNV Global Net Asset Value 2013

Jan 3, 2013

3125_rns_2013-01-03_7fb655c2-01a2-4c95-bca6-52860392f74a.pdf

Net Asset Value

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Press Release January 3, 2013

Net asset value as of December 31, 2012: USD 3.67 (SEK 23.93) per share

Net asset value per share: USD 3.67, SEK 23.93

Change in net asset value (USD/share) December 2012: 8.75%

RTS index development, December 2012: 6.29%

Three largest holdings, December 31, 2012 (Share of Total NAV):

    1. Tinkoff Credit Systems 39.8%
    1. Avito 24.0%
    1. Black Earth Farming 21.1%

Vostok Nafta's estimated net asset value as of December 31, 2012 amounted to approximately USD 329.45mln (SEK 2,146.56mln according to USD/SEK 6.5156). Net cash as of December 31 amounted to USD 31.34mln. The number of outstanding shares as of December 31, 2012 was 89,719,279. 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 December 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