Net asset value as of June 30, 2011: USD 6.44 (SEK 40.63) per share

| Source: Vostok New Ventures Ltd. Vostok New Ventures Ltd. 

<p>
	<strong>Net asset value per share: USD: 6.44, SEK: 40.63</strong></p>
<p>
	<strong>Change in net asset value (USD/share) June 2011: -3.24%</strong></p>
<p>
	<strong>RTS index development, June 2011: 0.96%</strong></p>
<p>
	<strong>Three largest holdings, June 30, 2011 </strong>(Share of
Portfolio)<strong>:</strong></p> 
<ol>
	<li>
		&#160;TNK-BP Holding 20.7%</li>
	<li>
		&#160;Black Earth Farming 18.8%</li>
	<li>
		&#160;RusForest 8.0%</li>
</ol>
<p>
	Vostok Nafta&#8217;s estimated net asset value as of June 30, 2011 amounted to
approximately USD 650.32mln (SEK 4,102.84mln according to USD/SEK 6.3090). Net
cash as of June 30 amounted to USD 11.89mln. The number of outstanding shares
as of June 30, 2011 was 100,990,975. 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 June 30, 2011.</p> 
<p>
	This report has not been subject to review by the company&#8217;s auditors.</p>
<p>
	&#160;</p>
<p>
	Per Brilioth</p>
<p>
	Managing Director</p>
<p>
	&#160;</p>
<p>
	For further information please contact:</p>
<p>
	Robert Eriksson, Head of Investor Relations, Tel +46&#160;8&#160;545&#160;015
50</p>

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