Six Months Report Covering the Period January 1, 2012–June 30, 2012

15 Aug, 2012 08:10 CET

Vostok Nafta Investment Ltd
Quarterly report

Six Months Report  Covering the Period  January 1, 2012–June 30, 2012


- The Board has resolved to convene an EGM to be held on August 29, 2012 to
consider the approval of the distribution of SEK 18.00 per SDR through a share
split in combination with a mandatory redemption procedure. Under the Board’s
proposal, each SDR will be divided into two SDRs, of which one will be
redeemed.  Altogether, the proposal means that approximately USD 242 million
will be distributed to SDR holders. 

- Net result for the period was USD 31.27 million (mln) (January 1, 2011–June
30, 2011: 34.33). Earnings per share were USD 0.33 (0.34). Net result for the
quarter was USD –13.20 mln (–33.60). Earnings per share for the quarter were
USD –0.14 (–0.33). 

- The net asset value of the company was USD 495.39 mln on June 30, 2012
(December 31, 2011: 492.08), corresponding to USD 5.24 (December 31, 2011:
4.93) per share. Given a SEK/USD exchange rate of 6.9632 the values were SEK
3,449.53 mln (December 31, 2011: 3,406.84 mln) and SEK 36.51 (December 31,
2011: 34.12), respectively. 

- The group’s net asset value per share in USD increased by 5.83% over the
period January 1, 2012–June 30, 2012. During the same period the RTS index
decreased by 2.27% in USD terms. During the quarter April 1, 2012–June 30, 2012
the group’s net asset value per share in USD decreased by 2.76% (RTS index:
–17.54%). 

- During the second quarter 2012, Vostok Nafta repurchased 3,700,462 SDRs
(shares). The number of outstanding shares at the end of the period was
91,704,195. 

- After the end of the period, Vostok Nafta has repurchased 1,750,822 SDRs
(shares). 

- Vostok Nafta has after the end of the period completely divested the
preferred share position in TNK-BP with insignificant positive effect. 

- The reported net asset value per share of Vostok Nafta as of July 31, 2012
was USD 5.63 (SEK 38.33). 



The company will host a telephone conference with an interactive presentation
on Wednesday, August 15, 2012 at 15:00 Central European Time (CET). For call-in
details, see separate press release issued Monday, August 13, 2012 at
www.vostoknafta.com. 

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For complete report see attached file.




         For further information contact Per Brilioth or Robert Eriksson: tel:
+46 8 545 015 50.