East Capital Explorer AB - Net Asset Value SEK 108 per share on 31 March 2011

  * On 31 March 2011 the net asset value per share in East Capital Explorer
    amounted to EUR 12.07 (corresponding to SEK 108[i]). The total net asset
    value amounted to EUR 421m (corresponding to SEK 3.8bn)
  * The total net asset value (EUR) decreased 2.1 percent compared to 28
    February 2011
  * The value of cash, cash equivalents and other short term investments per
    share amounted to EUR 0.86 (SEK 8), corresponding to an aggregate of EUR
    30m (SEK 267m)
  * As announced in March, East Capital Explorer will receive approximately EUR
    13m from the East Capital Special Opportunities Fund and EUR 20m from the
    East Capital Power Utilities Fund during April. Including these amounts EUR
    54m (SEK 485m) is available for future investments
  * The closing price per share on 31 March 2011 was SEK 85.50 (corresponding to
    EUR 9.55)



The total number of shares outstanding in East Capital Explorer AB on 31 March
2011 was 34,851,675.

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

The full net asset value report with the portfolio as of 31 March 2011 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
  * Annual General Meeting 2011 on 12 April 2011
  * Interim Report, 1 January - 31 March 2011 on 6 May 2011
  * Interim Report, 1 January - 30 June 2011 on 5 August 2011
  * Interim Report, 1 January - 30 September 2011 on 11 November 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 alternative investment 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 and demands made in the exchange rules. It was
released for publication at 07:00 a.m. CET on 7 April 2011.



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[i] 1 EUR = 8.95 SEK on 31 March 2011. Source: Bloomberg

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