East Capital Explorer AB - East Capital Explorer acquires a majority stake in Starman, the leading cable TV operator in Estonia

East Capital Explorer has agreed to acquire a majority stake in Starman, the
leading cable TV, broadband internet and voice cable services provider in
Estonia. East Capital Explorer will invest approximately EUR 24m to acquire 51%
of the company based on a total enterprise value of EUR 107m, and the remaining
stake of 49% will be held by Starman's founders, Peeter Kern and Indrek
Kuivallik. East Capital Explorer will acquire the shares from the existing
owners, a consortium led by Bancroft Private Equity Gmbh & Co. KG. The founders
will increase their current equity stakes in Starman by investing an additional
EUR 5m on the same terms as East Capital Explorer. SEB and Swedbank are
financing part of the acquisition with an acquisition loan.

Mia Jurke, CEO of East Capital Explorer, says: "We are pleased to make this
investment into Starman, which will correspond to almost 9% of the total Net
Asset Value as of 31 March 2013, and by making the transaction, the part of
direct investments in the portfolio will significantly increase. Private Equity
in the Baltics is one of our focus areas and we see a strong potential in the
company which will benefit from the consumer driven growth in the Baltic
countries".

Gert Tiivas, Head of Baltic Private Equity, East Capital, representing the
Investment Manager, says: "Starman is a well-managed company with a track record
of solid financial performance and high profitability. We see further
opportunities for growth in this area in the Baltics and Starman is well-
positioned to take advantage of this growth. We are looking forward to further
developing the company together with the founders."

Starman has approximately 130,000 cable TV and 60,000 broadband clients. Its
network is 100% digital and covers all the major cities in Estonia. The
company's revenues in 2012 amounted to EUR 28m and Ebitda was EUR 13m.

The transaction is subject to approval from the Estonian competition
authorities, and is expected to be completed during the second quarter of 2013.
Starman will be treated as a subsidiary of East Capital Explorer. As a result of
this, the Company's interim report for the period 1 January - 30 June 2013 might
be postponed.

Contact information:
Mia Jurke, CEO, East Capital Explorer +46 8 505 885 32
Charlotte Åsberg, Investor Relations Manager, East Capital Explorer
+46 8 505 885 94
Gert Tiivas, Head of Baltic Private Equity, East Capital,
+372 640 6664


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 - 31 March 2013 on 8 May 2013
  * Interim Report, 1 January - 30 June 2013 on 14 August 2013
  * Interim Report, 1 January - 30 September 2013 on 11 November 2013



About East Capital Explorer

East Capital Explorer AB (publ) 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 special fund
products but it also makes direct investments into private and public companies.
East Capital Explorer's main investment theme is domestic growth and the Company
targets fast growing sectors such as Retail and Consumer goods, Financials and
Real Estate. East Capital Explorer has appointed East Capital to manage its
investment activities. East Capital Explorer is listed on NASDAQ OMX Stockholm,
Mid Cap.

  Listing: NASDAQ OMX Stockholm, Mid Cap - Ticker: ECEX - ISIN: SE0002158568 -
   Reuters: ECEX.ST - Bloomberg: ECEX SS Equity - Analysts: Carnegie, Svenska
                                 Handelsbanken

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 7:00 a.m. CET on 3 May 2013.

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