Vostok Nafta to buy back depository receipts

Vostok Nafta Investment Ltd 

16.05.2012 08:15

Dissemination of a Adhoc News, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Stockholm, 2012-05-16 08:15 CEST (GLOBE NEWSWIRE) -- 
Vostok Nafta Investment Ltd's ('Vostok Nafta' or 'the Company') Board of
Directors has resolved to mandate the management of Vostok Nafta to repurchase
Swedish Depository Receipts (SDRs) of the Company. 

The mandate from the Board of Directors is valid until the next AGM of Vostok
Nafta and stipulates that a maximum of 10 percent of the SDRs that are
outstanding at the time of the resolution can be bought back. 

'The Board of Directors and the Management of Vostok Nafta sees the current
discount as a good opportunity to buy back our SDRs in the market in order to
cancel the SDRs that we buy back - thus increasing the Net Asset Value per
remaining SDR. We will continuously evaluate these buy backs in the light of
the current discount to the Net Asset Value as well as the liquidity situation
within Vostok Nafta and measure the benefits from the buy backs in relation to
other potential alternative investments', comments Vostok Nafta's managing
director Per Brilioth. 

Each share of Vostok Nafta is represented by one SDR.

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 management deems appropriate,
taking into consideration the discount to the Net Asset Value (NAV) that Vostok
Nafta is trading at, observing blackout periods before reports and all other
applicable rules. 

The SDRs that are bought back under the mandate described above and the
underlying shares will be cancelled. 

As of May 15, 2012, there were 95,404,657 SDRs of Vostok Nafta outstanding.




         For further information please contact:
         Robert Eriksson, Head of Investor Relations, Tel +46 8 545 015 50
News Source: NASDAQ OMX



16.05.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Vostok Nafta Investment Ltd
              
               
              Sweden
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         SE0002056721
WKN:          
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------