Net asset value as of November 30, 2011: USD 5.14 (SEK 35.62) per share

Net asset value per share: USD: 5.14, SEK: 35.62

Change in net asset value (USD/share) November 2011: -7.36%

RTS index development, November 2011: -1.44%

Three largest holdings, November 30, 2011 (Share of Portfolio):

 1. TNK-BP Holding 24.0%
 2. Black Earth Farming 14.0%
 3. Tinkoff Credit Systems 10.0%


Vostok Nafta’s estimated net asset value as of November 30, 2011 amounted to
approximately USD 519.41mln (SEK 3,597.39mln according to USD/SEK 6.9259). Net
cash as of November 30 amounted to USD 45.76mln. The number of outstanding
shares as of November 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 November 30, 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