East Capital Explorer AB - Net Asset Value SEK 104 per share on 30 September 2010

·         On 30 September 2010 the net asset value per share in East Capital
Explorer amounted to EUR 11.40 (corresponding to SEK 104[1]). The total net
asset value amounted to EUR 397m (corresponding to SEK 3.6bn)

·         The total net asset value (EUR) increased 0.4 percent compared to 31
August 2010

·         The value of cash, cash equivalents and other short term investments
per share amounted to EUR 2.55 (SEK 23), corresponding to an aggregate of EUR
89m (SEK 813m) of which EUR 49m (SEK 450m) were available for future investments

·         The closing price per share on 30 September 2010 was SEK 71.75
(corresponding to EUR 7.84)

The total number of shares outstanding in East Capital Explorer AB on 30
September was 34 851 675.



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



The full net asset value report including the portfolio on 30 September 2010 is
included in the attached pdf-file.



Contact information:

Gert Tiivas, CEO East Capital Explorer +46 8 505 977 30

Mathias Pedersen, CFO East Capital Explorer +46 8 505 977 48



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 - 31 September 2010, 11 November 2010

·         Year-end Report 2010, 16 February 2011



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] 1 EUR = 9.15 SEK on 30 September 2010. Source: Reuters



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