East Capital Explorer receives EUR 26 m in additional proceeds from exercise of the over-allotment option

• Over-allotment option, corresponding to 2,474,810 shares, has been exercised

• Total proceeds from the initial public offering, including EUR 26m from the 
over-allotment option, amount to approximately EUR 391m

East Capital Explorer AB (publ) (the “Company”) has been informed that
Carnegie, Citi and Morgan Stanley (the “Bookrunners”) have exercised their
option to purchase additional shares relating to the initial public offering of
the Company. 

The Bookrunners will purchase an additional 2,474,810 shares, corresponding to
68.5% of the total over-allotment option of 3,611,010 shares. East Capital
Explorer's Board of Directors has, based on the existing authorization,
resolved to issue 2,474,810 new shares at a subscription price of SEK 100. This
brings the final offer size from 33,795,350 shares to 36,270,160 shares and the
total proceeds from the IPO to approximately EUR 391m. 

After the issue of new shares, East Capital Explorer's share capital amounts to 
EUR 3,627,016 distributed among 36,270,160 shares.

Contact information:
Gert Tiivas, CEO East Capital Explorer +46 8 505 977 30
Louise Hedberg, Head of Communications/IR East Capital Explorer +46 8 505 977 20


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. 

This information is such that East Capital Explorer must disclose in accordance
with the Swedish Securities Market Act. The information was submitted for
publication on December 10, 2007 at 08.20 CET. 

This announcement is not an offer for sale of shares in East Capital Explorer
in the United States. Shares in East Capital Explorer have not been registered
under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and
may not be offered or sold in the United States or to, or for the account or
benefit of, U.S. persons, absent registration or an exemption from the
registration requirements of the Securities Act. Any public offering of shares
of East Capital Explorer will be made by means of a prospectus that may be
obtained from East Capital Explorer and that will contain detailed information
about East Capital Explorer and management, as well as financial statements.
East Capital Explorer does not intend to register the securities or conduct a
public offering in the United States. This announcement is directed only (a) at
persons outside the United Kingdom, (b) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order") or (c) high net worth entities and other
persons to whom it may otherwise lawfully be communicated, falling within
Article 49(2)(a) to (d) of the Order (all such persons together being referred
to as "relevant persons"). By accepting this announcement, recipients are
deemed to confirm that they are such relevant persons. This document must not
be acted on or relied on by persons who are not relevant persons. Any
investment or investment activity to which this document relates is available
only to relevant persons and will be engaged in only with relevant persons.