VNV Global — Share Issue/Capital Change 2009

Feb 6, 2009

Press Release February 6, 2009

Vostok Nafta's rights issue oversubscribed by 30 percent

Vostok Nafta Investment Ltd. ("Vostok Nafta" or the "Company") has recently completed a rights issue, which provides the Company with SEK 552 million (approximately USD 67 million at a USD/SEK exchange rate of 8.23) before issue costs of approximately SEK 14 million.

97.4 percent of the share issue was subscribed for with the support of subscription rights, and the remaining part was subscribed for without the support of subscription rights. The Board of Directors will allocate the shares that have not been subscribed for with the support of subscription rights in accordance with what is prescribed in the rights issue prospectus.

Through the rights issue, the number of shares, and Swedish depository receipts, of Vostok Nafta will increase by 46,020,901.The total number of shares, where each share is represented by a Swedish Depository receipt, will after the rights issue amount to 92,041,802. After the rights issue, the share capital will amount to USD 92,041,802.

The proceeds from the rights issue will be used to pay off part of Vostok Nafta's debt, as well as to invest into new and existing parts of the Company's portfolio.

E. Öhman J:or Fondkommission AB has acted as financial advisor to Vostok Nafta in connection with the rights issue.

This press release may not be published or distributed, directly or indirectly, in or to the United States of America, Canada, Japan, Australia, or any other country where such action is wholly or partially subject to legal restrictions. Nor may the information in this press release be forwarded, reproduced or disclosed in such a manner that contravenes such restrictions.

This press release does not contain or constitute an invitation or an offer to acquire, subscribe for or otherwise trade in shares, subscription rights or other securities in Vostok Nafta.

For further information please contact:

Robert Eriksson, Head of Investor Relations: +46 701 11 26 15