EOS Russia’s net asset value at SEK 104.90 per share as of 5 July 2007

As of 5 July 2007, EOS Russia’s estimated net asset value amounted to USD 317.5m (SEK 2.136bln at an exchange rate of SEK/USD 6.7275). The net asset value per share was SEK 104.90.

The net asset value per share has been calculated based on 20,361,555 shares, the total number of shares in EOS Russia as of 5 July 2007.

The single largest holding in the portfolio was UES. As of 5 July 2007, the UES GDR’s market price was USD 141.125 and the price of the UES common local shares was USD 1.41125. The market values have been calculated by using the mid-market price at 4.00pm CET.

For a portfolio breakdown, please visit EOS Russia’s website (www.eos-russia.com).

This report has not been subject to review by the company’s auditors.


Stockholm, 6 July 2007
EOS Russia

For further information, please contact:
Sven Thorngren, CEO: +46 (0) 8 509 00 180