* On 30 June 2011 the net asset value per share in East Capital Explorer
amounted to EUR 10.96 (corresponding to SEK 101[i]). The total net asset
value amounted to EUR 382m (corresponding to SEK 3.5bn)
* The total net asset value (EUR) decreased 2.8 percent compared to 31 May
2011
* In June, East Capital Explorer sold its holding in Wimm-Bill-Dann Foods OJSC
for EUR 7.4m, and realized an annualized pre-tax return of 17.4% on its
initial EUR 6.8m investment (39.7% IRR when measured in the transaction
currency USD)
* The value of cash, cash equivalents and other short term investments per
share amounted to EUR 1.89 (SEK 17), corresponding to an aggregate of EUR
66m (SEK 605m) EUR 61m (SEK 560m) of those were available for future
investments
* The closing price per share on 30 June 2011 was SEK 73.50 (corresponding to
EUR 8.01)
The total number of shares outstanding in East Capital Explorer AB on 30 June
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 30 June 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
* 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 alternative investment funds as well as in direct investments into
private and public companies. 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 July 2011.
[i]
1 EUR = 9.18 SEK on 30 June 2011. Source: Bloomberg
[HUG#1528971]
East Capital Explorer AB - Net Asset Value SEK 101 per share on 30 June 2011
| Source: East Capital Explorer AB
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