East Capital Explorer AB - Report of repurchase of own shares in East Capital Explorer

East Capital Explorer AB hereby reports that the Company, in accordance with the
decision of the Board regarding the utilization of the authorization to
repurchase own shares as announced on 12 October 2011, has repurchased an
additional 85,130 shares during the period 12 - 16 December 2011 at an average
price of SEK 49.83 per share.

Since the initial repurchases began on 15 September 2011, East Capital Explorer
has repurchased a total of 970,890 shares at an average price of SEK 51.45 per
share.

Shares can be purchased up to and including 30 March 2012, observing blackout
periods before reports and all other applicable rules. 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.

Before 15 September 2011, the Company did not hold any own shares. The total
number of outstanding shares in East Capital Explorer, including the ones held
by the company, amount to 34,851,675.


Contact information:
Mia Jurke, CEO East Capital Explorer +46 8 505 885 32
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
  * Year-end Report 2011, 15 February 2012
  * Annual Report 2011 available in April 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 19 December 2011.

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