East Capital Explorer's Board prolongs utilization of authorization to repurchase own shares and reports on purchases of own shares

East Capital Explorer AB (publ) announces that the Company's Board has decided
to continue to utilize its authorization to repurchase its own shares as the
prior announced repurchases ended on 11 October 2011. The 2011 Annual General
Meeting of East Capital Explorer 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. The Board has extended the repurchase program 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 30 March 2012, observing
blackout periods before reports and all other applicable rules.

East Capital Explorer also reports that the Company, in accordance with the
decision of the Board regarding the utilization of the authorization to
repurchase own shares announced on 15 September 2011, has repurchased an
additional 23,362 shares between 10 and 11 October 2011 at an average price of
SEK 51.67 per share.

The recently concluded part of the repurchase program allowed the Company to
repurchase its own shares from 15 September 2011 up and until 11 October 2010.
During this period East Capital Explorer repurchased 190,779 shares,
corresponding to 0.5% of the shares in the Company, at an average price of SEK
53.12 per share. This is the total number of shares held by the Company. Before
15 September 2011, the Company did not hold any own shares. Excluding the shares
held by the company the remaining number of outstanding shares in East Capital
Explorer amount to 34,661,006.

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 11November 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 12 October 2011.



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