The board of Vostok has proposed that the ExtraGeneral Meeting on May 24, 2007 approves a spin-off of the non-Gazprom related part of Vostok’s portfolio to a new company. Every share in Vostok gives the owner right to subscribe for one (1) share in the new company, Vostok Nafta Holding Investment Ltd (New Vostok) at SEK 22.00. Scheduled record date is May 29, 2007. Provided that the Extra General Meeting approves the proposal, Stockholm Stock Exchange will carry out a re-calculation of options and futures in Vostok and adjust the OMXS30 Index.
Stockholm Stock Exchange has not received enough valuations so the adjustment will be carried out without interval for share price fluctuation. Please note that the adjustment is conditioned by a fall in VWAP on the Ex-date since the re-calculation, according to Rules and Regulations 4.5.1.4, can not result in increasing exercise and futures prices.
