• On 31 August 2008 the net asset value per share in East Capital Explorer amounted to EUR 9.72 (corresponding to SEK 91.85*) • The change in net asset value per share (EUR) was -0.9 percent compared to 31 July 2008 and -10.5 percent year-to-date • The closing price per share on 29 August 2008 was SEK 71 (corresponding to EUR 7.51) On 31 August 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 • Interim report 1 January - 30 September 2008 on 13 November 2008 • Year-end report 2009 on 18 February 2009 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. This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules. -------- * 1 EUR = 9.45 SEK on 29 August 2008. Source: Reuters.