East Capital Explorer continues its repurchase program on a renewed mandate

As announced on 7 April 2016, the Board of East Capital Explorer AB (publ) has
resolved to initiate a share buyback program for as long as the Company’s shares
trade at a discount of more than 20 percent to its most recently published NAV
in Swedish krona. On 9 June 2016, the Board was given a renewed authorization by
the Annual General Meeting to repurchase own shares and thereby intends to
pursue buybacks accordingly.

The company intends to repurchase shares as of 10 June 2016, within the
frameworks described below. The purpose of the buyback program is to reduce the
share capital of East Capital Explorer.

The repurchases of the company’s own shares shall meet the following terms:

-          Repurchases of shares are to be made on Nasdaq Stockholm in
accordance with the rules regarding purchase of a company’s own shares as set
out in Nasdaq Stockholm’s Rule Book for Issuers.

-          Repurchases of shares shall be made at a per-share price within the
registered price interval at any given time, which denotes the interval between
the highest bid and the lowest ask price.

-          A maximum of 2,816,156 shares may be repurchased (including any block
trade repurchases) under the current authorization. The company’s holding of its
own shares may not, at any time, exceed 10 percent of all shares in the company.
If this quota is reached, the Board may again cancel the shares held by the
company and initiate a new repurchase program.

-          Payment for the shares is to be made in cash.

The total number of shares in East Capital Explorer, after the effective
cancellation of 315,229 shares as decided by the AGM on 9 June, amounts to
28,161,563. The company holds 1 148 829 own shares, of which 315,229 are for
cancellation in accordance with the decision by the AGM on 9 June. The Board of
Directors intends to propose to the 2017 Annual General Meeting or sooner that
the share capital in the company be reduced by cancelling the shares repurchased
under this program. Execution of the resolution is dependent upon market terms,
applicable rules and regulations and the company’s capital position at any point
in time.

Contact information

Mia Jurke, CEO, East Capital Explorer, +46 8 505 885 32

Lena Krauss, CFO and Head of Investor Relations, East Capital Explorer, +46 73
988 44 66

About East Capital Explorer

East Capital Explorer AB (publ) is a Swedish investment company, offering unique
investment opportunities in Eastern Europe, where the Baltic countries represent
the company’s largest investment region. The company primarily invests in
unlisted assets within the private equity and real estate segments. 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 is listed on Nasdaq Stockholm, Mid Cap.

Listing: Nasdaq 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 16:25 p.m. CET on 10 June 2016.