VNV Global — Share Issue/Capital Change 2010

Jul 22, 2010

News Release July 22, 2010

Vostok Nafta issues call options to a group of employees

At a board meeting on July 21, 2010 it was decided to issue 695,000 of the authorized 2,000,000 options under the company's incentive Program (adopted at the AGM of Vostok Nafta on May 5, 2010) to a group of employees.

The call options may be exercised three years after the time of the granting, which in this case means during the period from August 1, 2013 to August 31, 2013.

The strike price is set as the average of the last price of the 10 trading days prior to the decision plus 20%, which for the options above results in a strike price of SEK 31.41.

The options are offered at a purchase price corresponding to the market value of the options at the time of the offer. The options shall be fully transferable and will hereby be considered as securities.

For further information please contact:

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