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2016-05-19

Bulletin from the Annual General Meeting in Vostok Emerging Finance Ltd.

from the Annual General Meeting in Vostok Emerging Finance Ltd.

The Annual General Meeting in Vostok Emerging Finance Ltd (the “Company”) was
held on Thursday, May 19, at 10 am CEST at Advokatfirman Vinge, Norrlandsgatan
10, Stockholm, Sweden.

Stockholm, 2016-05-19 12:30 CEST (GLOBE NEWSWIRE) --

At the Annual General Meeting, the holders of depository receipts considered
the below items.

- It was resolved to adopt the profit and loss statement from the period
from the 28th May up to and including the 31st December 2015 as well as the
balance sheet as of the 31st December 2015. In accordance with the proposal by
the Board of Directors, it was resolved that no dividend is paid to the
shareholders and that the Company’s results are brought forward.

- It was resolved that the members of the Board of Directors shall be five,
with no deputies, and Lars O Grönstedt, Per Brilioth, David Nangle and Milena
Ivanova were re?elected as directors and Voria Fattahi was elected as new
director and Lars O Grönstedt was appointed Chairman of the Board of Directors.
All elections were made for the period until the end of the Annual General
Meeting 2017. Furthermore, it was resolved that remuneration for the Board
(including remuneration for the work within the committees of the Board) shall
be a total remuneration of SEK 1,000,000, of which SEK 400,000 shall be
allocated to the Chairman of the Board of Directors and SEK 200,000 to each of
the other directors who are not employed by the Company, and that, in line with
Swedish market practice, Directors who so wish shall be permitted to invoice
the Company for their Board fees in an amount that is cost neutral to the
Company, provided any Director who does so is solely liable for any tax
effects.

- It was resolved to re-elect the registered audit company
PricewaterhouseCoopers AB as the Company’s auditors.

- It was resolved in accordance with the chairman of the Board of Directors’
proposal, supported by representatives of the largest depository holders Libra
Fund, Alecta and Swedbank Robur Funds, on principles for the appointment of the
nomination committee for the Annual General Meeting in 2017.

- It was resolved in accordance with the Board of Directors’ proposal on
remuneration principles for the senior management.

- It was resolved in accordance with the Board of Directors’ proposal to
introduce a long term incentive programme.

For further information please contact:
Björn von Sivers, Investor Relations: +46 (0)8-545 015 50

Vostok Emerging Finance is an investment company with the goal of investing in
early stage modern financial services companies across emerging and frontier
markets. VEF trades in Sweden on Nasdaq First North under the ticker VEMF SDB.

Vostok Emerging Finance’s Certified Adviser on Nasdaq First North is Pareto
Securities AB.

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