Utilization of authorization in East Capital Explorer to repurchase own shares

The 2008 Annual General Meeting of East Capital Explorer AB (publ) approved the
proposal to authorize the Company's Board of Directors to decide on the
purchase of the Company's own shares for the purpose of giving the Board wider
freedom of action in the work with the Company's capital structure and thus
creating more value for the shareholders. East Capital Explorer AB (publ)
announces that the Company's Board has decided to utilize the authorization for
this purpose. 

The shares will be purchased, on one or several occasions, on NASDAQ OMX
Stockholm at a price within the registered share price interval on each
occasion. Shares can be purchased up to and including 9 April 2009, observing
blackout periods before reports and all other applicable rules. 

East Capital Explorer AB (publ) currently owns no own shares and the
authorization from the 2008 Annual General Meeting encompasses acquisition of
so many shares that the Company's holding of own shares after the purchase
amounts to a maximum of one-tenth of all the shares in the Company. 

Execution of the resolution to repurchase shares is dependent upon market
terms, applicable rules and regulations and the Company's capital position at
any point in time. 

The total number of shares outstanding in East Capital Explorer amount to
36,270,160. 

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 2008 available in the week of 6 April 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.