East Capital Explorer AB - East Capital Explorer's Board has decided to utilize the authorization to repurchase own shares

The 2011 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.

Gert Tiivas, CEO East Capital Explorer, says: "As in 2009 and 2010, the Board
has once again decided to signal its confidence in the existing portfolio and
its potential for value growth."

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 11 October 2011, 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 2011 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
34,851,675.


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 September 2011 on 11 November 2011
  * Year-end Report 2011, 15 February 2012
  * Annual Report 2011 available in March 2012
  * Annual General Meeting 2012 on 25 April 2012


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 15 September 2011.

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