EOS Russia’s net asset value at SEK 85.61 per share as of 7 February 2008, 11.00 CET

As of 7 February 2008, EOS Russia’s estimated net asset value amounted to USD 375m (SEK 2.411 bln at an exchange rate of SEK/USD 6.438). The net asset value per share was SEK 85.61.

The net asset value per share has been calculated based on 28,162,734 shares, the total number of shares in EOS Russia as of 7 February 2008.

The single largest holding in the portfolio was UES, holding a 82.2% share of the total portfolio. As of 7 February 2008, the UES GDR’s market price was USD 108.25. The market value has been calculated using the mid-market price at 11.00 CET. EOS Russia’s leverage amounted to 0.8% of the net asset value.

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

EOS Russia's latest NAV is available on our web site: www.eos-russia.com under the section "News and press" and "NAV Information". The information can be subscribed to either by email or via RSS-feed. EOS Russia also releases the net asset value information through a press release once a month.

Stockholm, 7 February 2008

EOS Russia

EOS Russia is an investment company headquartered in Stockholm. The overall objective of the company is to offer attractive returns via investments in the Russian utility sector. EOS Russia’s shares have been listed on First North, a marketplace operated by the Stockholm Stock Exchange, since 25 June 2007.

For further information, please contact:

Sven Thorngren, CEO: +46 (0) 8 509 00 180

Ann-Sofi Jönsson, Investor Relations: +46 (0) 8 509 00 180