East Capital Explorer intends not to issue preference shares - New investments will primarily be financed through fund divestments


East Capital Explorer has decided not to exercise the mandate to issue
preference shares, which was obtained at the Company's Extraordinary General
Meeting on 24 March and renewed at the Annual General Meeting on 22 April. The
mandate is valid until the next AGM. The decision is based on the fact that the
cost of funding through preference shares would be unjustifiably high given the
present market conditions, whereas new investments may currently be financed
through continued divestment of parts of the company's fund holdings.

-  We see a number of attractive investment opportunities within both private
equity and real estate, especially in the Baltic countries. These countries have
among the euro zone's highest growth rates with a private consumption that
remains strong. The Baltic property sector is particularly interesting in terms
of its strong cash flow generation and also given that the sector is still in a
recovery phase. In order to take advantage of these opportunities we will
continue to reduce the portion of public equity, which is primarily held within
the funds, while increasing the share of private equity and real estate in our
portfolio, says Mia Jurke, CEO of East Capital Explorer.


East Capital Explorer has, since the end of 2012, invested over EUR 50m in
direct investments and Baltic real estate. This share of the company's net asset
value has during the same period grown from 26 percent to 50 percent today, with
the largest investments having been in the Estonian cable TV provider Starman
and the A-class office building Vilnius Business Harbour in Lithuania.


Financial reporting calendar

  * Interim Report, 1 January - 30 September 2014 on 7 November 2014
  * Year-end Report 1 January - 31 December 2014 on 12 February 2015

Contact information
Mia Jurke, CEO, East Capital Explorer, +46 8 505 885 52
Lena Krauss, CFO and Head of Investor Relations, +46 73 988 44 66

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 11:45 a.m. CET on 8 October 2014.

[HUG#1861496]

Attachments

141008 - Press Release.pdf