Nine Months Report Covering the Period January 1,

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News Desk 2018
Nine Months Report Covering the Period January 1, 2013–September 30, 2013

Stockholm, 2013-11-13 08:00 CET (GLOBE NEWSWIRE) --

- Net result for the period was USD –25.44 million (mln) (January 1, 2012–September 30, 2012: 37.27). Earnings per share were negative (USD 0.40). Net result for the quarter was USD –0.76 mln (6.00). Earnings per share for the quarter were negative (USD 0.07).

- The net asset value of the Company was USD 242.59 mln on September 30, 2013 (December 31, 2012: 329.58), corresponding to USD 2.70 (December 31, 2012: 3.67) per share. Given a SEK/USD exchange rate of 6.4297 the values were SEK 1,559.76 mln (December 31, 2012: 2,147.43 mln) and SEK 17.35 (December 31, 2012: 23.94), respectively.

- The group’s net asset value per share in USD decreased by 26.55% or by 8.30% excluding the effect of the distribution of holdings in Black Earth Farming Ltd and RusForest AB over the period January 1, 2013–September 30, 2013. During the same period the RTS index decreased by 6.84% in USD terms. During the quarter July 1, 2013–September 30, 2013 the group’s net asset value per share in USD decreased by 0.82% (RTS index: increased by 11.53%).

- The number of outstanding shares at the end of the period was 89,903,020.

- A Special General Meeting in Vostok Nafta held on October 17, 2013 re-elected Per Brilioth and Lars O Grönstedt, and elected Josh Blachman and Keith Richman to the Board of Directors. Lars O Grönstedt was appointed as Chairman of the Board.

- On October 25, 2013, Vostok Nafta sold a total of 13,824,381 shares in TCS Group Holding PLC for a total purchase price of USD 242 million before applicable fees.

- The reported net asset value per share of Vostok Nafta as of October 31, 2013 was USD 5.49 (SEK 35.54).

- The Company's auditors have, in their Report on Review of Interim Financial Information qualified their conclusion with reference to the uncertainty in valuing TCS Group Holding PLC, given the difference between our estimated market value on the balance sheet date and the considerably higher listing price achieved in the company’s IPO shortly thereafter.

The company will host a telephone conference with an interactive presentation on Wednesday, November 13, 2013 at 16:00 Central European Time (CET). For call-in details, see separate press release issued Friday, November 8, 2013 at www.vostoknafta.com .

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

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