• On 31 January 2009 the net asset value per share in East Capital Explorer
amounted to EUR 7.19 (corresponding to SEK 76.21*)
• The change in net asset value per share (EUR) was -1.6 percent compared
to 31 December 2008
• Cash and deposits per share amounted to EUR 4.87 (SEK 51.62), corresponding
to a total of EUR 176.6m (SEK 1,872m) of which EUR 137.5m (SEK 1,458m) is
available for future investments
• The closing price per share on 30 January 2009 was SEK 45.40 (corresponding
to EUR 4.28)
• Comment on the effect of recent events in BTA bank of Kazakhstan - Very
marginal impact for East Capital Explorer's net asset value. East Capital
Explorer has no direct exposure to BTA and only non-material indirect exposure
through one of our fund investments.
East Capital Explorer has a well-diversified portfolio with indirect exposure
to more than 400 companies through the fund investments made so far. East
Capital Explorer's total exposure to BTA amounted to 0.1% of the total net
asset value on 31 January 2009. This net asset value takes into account the
full effect of the decrease in value of BTA during January, based on BTA's
share price on 30 January 2009.
The total number of shares in East Capital Explorer on the same date was
36,270,160.
This report has not been subject to review by the Company's auditors.
The full net asset value report including the portfolio on 31 January 2009 is
included in the attached pdf-file.
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
• Year-end report 2009 on 18 February 2009
• Annual General Meeting 2009 on 27 April 2009 in Stockholm
• Interim Report 1 January - 31 March 2009 on 14 May 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 NASDAQ
OMX 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.
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* 1 EUR = SEK 10.60 on 31 January 2009. Source: Reuters.
