Cancellation of repurchased shares and subsequent notification of major holdings of own shares

In accordance with the decision at the Annual General Meeting on 9 June 2016, a
total of 315,229 shares, which were repurchased between 25 March and 17
September 2015, were cancelled today. The cancelled shares corresponded to 1.11
percent of the Company’s total outstanding number of shares.

Following the cancellation, the number of shares and votes in East Capital
Explorer AB amounts to 28,161,563, including the Company’s own holding of
1,187,898 shares that have been repurchased under the ongoing repurchase program
since 20 May 2016. The Company’s holding of own shares thereby corresponds to
4.22 percent of the total number of outstanding shares and votes in the Company.

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 4:00 p.m. CET on 30 June 2016.