Net Asset Value in East Capital Explorer per 29 February 2008


• On 29 February 2008 the net asset value in East Capital Explorer
amounted to EUR 10.56 per share (corresponding to SEK 99.05)

• The closing price per share on 29 February 2008 was SEK 97 (corresponding to 
EUR 10.34)


On 29 February 2008, the total number of shares in East Capital Explorer
amounted to 36.270.160.


This report has not been subject to review by the company's auditors.



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


Financial reporting calendar - East Capital Explorer:
• Monthly Net Asset Value report on the fifth working day after the end of each
month 
• Annual Report for 2007 available on 7 April 2008
• Interim report 1 January - 31 March 2008 on 14 May 2008
• Interim report 1 January - 30 June 2008 on 21 August 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 9 November 2007, East Capital Explorer is listed on the OMX
Nordic Exchange Stockholm, mid-cap segment.

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* 1 EUR=9,38 SEK on 29 February 2008. Source: Reuters.

Attachments

080307-nav 29 february 2008 eng.pdf