Bulletin from East Capital Explorer AB (publ)'s Annual General Meeting 21 April 2008

The Meeting approved the Board's proposal that no dividends are distributed in
accordance with dividend policy of the company and that the result is carried
forward. 

The Meeting granted the members of the Board and the CEO discharge from
liability for the reporting period. 

The Meeting resolved to amend the articles of association so that the Board of
Directors shall consist of 3-6 members with no deputy members and that an
editorial clarification is made in the same section. 

All current members of the Board were re-elected: Paul Bergqvist, Lars Emilson,
Alexander Ikonnikov, Kestutis Sasnauskas and Justas Pipinis. The Meeting also
resolved to elect Anders Ek as a new member of the Board. The meeting
re-elected Paul Bergqvist as Chairman of the Board. 

The Meeting resolved that the compensation to the Board of Directors for 2008
remains unchanged SEK 700 000 to the Chairman of the Board of Directors and SEK
300 000 to each member of the Board of Directors that is not employed in the
East Capital group. Members of the Board that are employed in the East Capital
group have waived remuneration. The meeting resolved that compensation for work
in the audit committee be remunerated with SEK 50 000 to the chairman of the
audit committee and SEK 30 000 kronor to each of the other members.
Furthermore, it was resolved that fees to the auditor be paid according to
approved invoices under a given offer. 

The Meeting approved the Board's proposal for guidelines for remuneration of
senior management. 

The Meeting authorized the Board to decide on acquiring the company's own
shares in accordance with the proposed resolution. 

The Meeting approved the proposal for the Nomination Committee.

At the statutory meeting of the Board held in conjunction with the Annual
General Meeting, members of the audit committee were elected. Paul Bergqvist
was elected Chairman of the committee and Lars Emilson, Alexander Ikonnikov and
Anders Ek were elected members. 

Contact information:
Paul Bergqvist, Chairman East Capital Explorer +46 733 55 41 00
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 9 November 2007, East Capital Explorer is listed on the OMX
Nordic Exchange Stockholm, Mid Cap.