Announcement from the Extraordinary General Meeting of East Capital Explorer AB (publ) on 19 August 2014

The  Meeting resolved that the  number of Directors to  serve until the close of
the next Annual General Meeting shall be six (6).

Liselotte  Hjorth  was,  in  accordance  with  the  proposal  of  the Nomination
Committee, elected as new Director of the Board.

The Meeting approved the board remuneration and the remuneration for work in the
Audit  Committee  to  Liselotte  Hjorth  until  the  next Annual General Meeting
proposed  by the Nomination Committee, amounting  to SEK 222,932 and SEK 33,772
respectively,  corresponding to the remuneration  received by other Directors of
the  Board of Directors in proportion to  the length of the mandate. The Meeting
resolved,  in accordance with the proposal of the Nomination Committee, that the
remuneration  to  a  Director  may,  subject  to  a  specific agreement with the
company,  be invoiced through a  company or entity. In  order for the company to
enjoy  cost neutrality, the  invoiced remuneration shall  be adjusted for social
security charges and value added tax.


Contact information:

Paul Bergqvist, Chairman of the Board, East Capital Explorer +46 73 355 41 00
Mia Jurke, CEO, East Capital Explorer, +46 8 505 885 32


About East Capital Explorer

East  Capital Explorer AB  (publ) is a  Swedish investment company, created with
the  specific aim of bringing unique  investment opportunities in Eastern Europe
to  a broader investor  base. The company  makes direct investments into private
and  public  companies  but  investments  are  also  made through East Capital's
private  equity,  real  estate  and  alternative  investment funds. 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

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 03:30 p.m. CET on 19 August 2014.

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