-East Capital Explorer invests a total of approximately EUR 92m in East
Capital's four Bering Funds, corresponding to 25% of the proceeds from the IPO
- This gives shareholders of East Capital Explorer access to a well-diversified
portfolio of companies that otherwise are difficult to access via the local
stock exchanges in Eastern Europe
- The Bering Funds provide exposure to investments in fast growing sectors in
Ukraine, Russia, Central Asia and Southeastern Europe
East Capital Explorer invests a total of approximately EUR 92m in East
Capital's four Bering Funds following the completion of the initial public
offering on the OMX Nordic Exchange. The total investment corresponds to 25% of
the proceeds received in the offering, excluding potential additional proceeds
from exercising the over-allotment option. Investments will be made upon the
next possible opening in each of the funds.
The investment provides shareholders in East Capital Explorer with immediate
exposure to a well-diversified portfolio of unlisted companies and semi-public
shares. The funds span a number of sectors including financial, real estate and
retail and consumer goods in Ukraine, Russia, Central Asia and Southeastern
Europe.
The East Capital Bering Funds are currently closed for new investments and will
be opened exclusively for East Capital Explorer. Subscription fees will not
apply to East Capital Explorer's investment, other terms are the same as for
the other fund unit holders'.
East Capital Explorer intends to have invested 40-50% within three months of
the first day of trading and intends to be fully invested 18 months after the
first day of trading.
Contact information:
Gert Tiivas, CEO East Capital Explorer AB +46 8 505 977 30
Louise Hedberg, Head of Communications/IR East Capital Explorer AB +46 8 505
977 20
Financial reporting calendar - East Capital Explorer:
Monthly Net Asset Value report on the fifth working day after the end of each
month
Year-end report 2007, February 21, 2008
Annual Report for 2007 available from April 7, 2008
Interim report January 1 - March 31, 2008 on May 14, 2008
About East Capital Explorer │ East Capital Explorer AB is a Swedish company,
created with the specific aim of bringing unique investment opportunities in
Eastern Europe to a broader investor base. The company invests mainly in East
Capital's private equity and semi-public equity funds that provide exposure to
companies not otherwise accessible via the local stock exchanges in Eastern
Europe. East Capital Explorer targets fast growing sectors such as the power
utilities, financial, retail and consumer goods and real estate sectors. East
Capital Explorer has appointed East Capital to manage its investment
activities. Since November 9, 2007, East Capital Explorer is listed on the OMX
Nordic Exchange Stockholm, mid-cap segment.
