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2014-04-07

Vostok Nafta fulfills buy-back mandate and receives renewed mandate

buy-back mandate and receives renewed mandate

Stockholm, 2014-04-07 08:00 CEST (GLOBE NEWSWIRE) --

Vostok Nafta Investment Ltd (“Vostok Nafta" or “The Company”) has between March
31 and April 4, 2014 repurchased 2,438,401 Swedish Depository Receipts (SDRs)
of the Company, at an average price of SEK 50.95. This represents 2.71% of the
total number of outstanding SDRs, before the buy-backs. Last week’s purchase of
SDRs have caused the Company's holding of SDRs to reach 10% of the total number
of outstanding SDRs, before the buy-backs. All repurchased SDRs will be
cancelled. After the cancellation of these and previously repurchased SDRs, the
total number of outstanding SDRs of Vostok Nafta will be 80,912,718.

As the repurchase mandate announced on February 12, 2014 has now been
fulfilled, the Board of Directors has resolved to mandate the management of
Vostok Nafta to repurchase additional SDRs. The new mandate stipulates that a
maximum of an additional 10 percent of the SDRs that are outstanding at the
time of the resolution can be bought back.

Each SDR represents one share of Vostok Nafta.

The SDRs will be purchased, on one or several occasions, on NASDAQ OMX
Stockholm at a price within the registered share price interval on each
occasion. SDRs will be bought back when the Company’s management deems
appropriate, observing blackout periods before reports and all other applicable
rules.

For further information please contact:
Björn von Sivers, Investor Relations, Tel +46 8 545 015 50

Författare SSE

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