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Vostok New Ventures Ltd completes acquisition of shares in BlaBlaCar

ompletes acquisition of shares in BlaBlaCar

Stockholm, 2016-11-25 08:00 CET (GLOBE NEWSWIRE) --

On October 28, 2016, Vostok New Ventures Ltd. (“Vostok” or the “Company”)
announced that the Company had entered into an agreement to acquire secondary
shares in the Paris based ride-sharing service Comuto SA (“BlaBlaCar”). All
conditions for the Company’s acquisition have now been fulfilled and the
acquisition has been completed. The Company has made the payment in the form of
4,154,495 newly issued ordinary shares, representing approximately 4.9% of the
outstanding share capital of the Company following the issue, to Lead Edge
Capital II L.P, Lead Edge Capital II QP L.P. and Lead Edge Partners Opportunity
III L.P. The issue was resolved by the Special General Meeting held on November
18, 2016. After the acquisition, Vostok owns approximately 8.0% of the shares
in BlaBlaCar. On November 23, 2016, the Company published a prospectus in
connection with the admission to trading of the depository receipts for the
shares issued as part of the acquisition.

Swedish Depository Receipts for the issued shares as part of the acquisition
will be admitted for trading on Nasdaq Stockholm today on November 25, 2016.
Following the issue, the total number of outstanding depository receipts of the
Company is 84,470,309.

Further information regarding the acquisition is available on the Company’s

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

Vostok New Ventures Ltd, formerly Vostok Nafta Investment Ltd, is an investment
company with the business concept of using experience, expertise and a
widespread network to identify and invest in assets with considerable potential
for value appreciation. The company has a special focus on online marketplaces
and businesses with strong network effects. The Swedish Depository Receipts
(SDRs) of Vostok New Ventures are listed on Nasdaq Stockholm, Mid Cap segment,
with the ticker VNV SDB. For more information on Vostok New Ventures, visit

This information is information that Vostok New Ventures Ltd is required to
make public pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the contact person set out
above, at 08.00 CET on November 25, 2016.

Författare SSE

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