Net asset value as of July 31, 2011: USD 6.79 (SEK 42.62) per share

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

Net asset value per share: USD: 6.79, SEK: 42.62

Change in net asset value (USD/share) July 2011: 5.46%

RTS index development, July 2011: 3.06%

Three largest holdings, July 31, 2011 (Share of Portfolio):

1. TNK-BP Holding 20.3%

2. Black Earth Farming 19.4%

3. Kuzbassrazrezugol 7,5%


Vostok Nafta's estimated net asset value as of July 31, 2011 amounted to
approximately USD 685.82mln (SEK 4,304.70mln according to USD/SEK 6.2767). Net
cash as of July 31 amounted to USD 19.10mln. The number of outstanding shares
as of July 31, 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 July 31, 2011.

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

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