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2016-05-18

Vostok Emerging Finance Ltd. Financial Report for the Period January 1, 2016–March 31, 2016

Vostok Emerging Finance Ltd
Interim information

Vostok Emerging Finance Ltd. Financial Report for the Period January 1,
2016–March 31, 2016

Stockholm, 2016-05-18 08:00 CEST (GLOBE NEWSWIRE) --

Financial Result

> Net result for the period was USD 2.45 million (mln). Earnings per share were
USD 0.0037.

> The positive net result over the period is primarily coming from the positive
share price development in Vostok Emerging Finance’s only listed equity
holding, Tinkoff Bank.

Net Asset Value

> The net asset value of Vostok Emerging Finance Ltd (“VEF” or the “Company”)
was USD 97.9 mln as at March 31, 2016 (December 31, 2015: USD 95.5 mln), or USD
0.15 per share (December 31, 2015: USD 0.14). At March 31, 2016 given a USD/SEK
exchange rate of 8.1472, it was SEK 798 mln (December 31, 2015: SEK 798 mln)
and SEK 1.21 per share (December 31, 2015: SEK 1.21 per share), respectively.

Key Events during the Period

> In March 2016, Vostok Emerging Finance announced a USD 1.2 mln investment
into FinanZero, a marketplace for consumer loans in Brazil. FinanZero is an
independent broker for loans, negotiating the customer’s loan with several
banks and credit institutions, to find the loan with the best interest rate and
terms for the consumer. FinanZero handles the lending process from start to
finish, with the customer and the bank fully integrated into FinanZero’s
system. The business combines aspects of comparison, lead generation and
consumer loan brokerage.

> Henrik Stenlund, formerly with Modern Times Group (part of Kinnevik), and
Alexis Koumoudos, most recently at Skyline Capital Management, have joined VEF.

> Tinkoff Bank share price recovery continued up 14.4% over the period to USD
3.49 as at quarter end.

The Company will hold a telephone conference with an interactive presentation
at 16:00 CEST (10:00 a.m. EDT) Thursday, May 19. For call-in details, see
separate press release issued Monday, May 16 at www.vostokemergingfinance.com.

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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