• On 31 October 2008 the net asset value per share in East Capital Explorer
amounted to EUR 7.99 (corresponding to SEK 78.94*)
• The change in net asset value per share (EUR) was -8.9 percent compared
to 30 September 2008 and -26.5 percent year-to-date
• The closing price per share on 31 October 2008 was SEK 45.80 (corresponding
to EUR 4.64)
Cash and deposits
On 31 October 2008, cash and deposits per share amounted to EUR 5.27
(SEK 52.07), corresponding to a total of EUR 191.2m (SEK 1 889m). This is
following the first investment of EUR 4.9m (SEK 48.4m) in the Russian fashion
retailer MFG on 28 October 2008. The remaining investment of EUR 5.1m (SEK
50.4m) in MFG is expected to be completed before year-end 2008.
The total number of shares in East Capital Explorer on the same date was
36,270,160.
This report has not been subject to review by the Company's auditors.
Contact information:
Gert Tiivas, CEO East Capital Explorer +46 8 505 977 30
Louise Hedberg, Head of Communications/IR East Capital Explorer +46 8 505 977 20
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 - 30 September 2008 on 13 November 2008
• Year-end report 2009 on 18 February 2009
About East Capital Explorer │ East Capital Explorer AB 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 private equity and semi-public equity funds that provide exposure to
companies not otherwise accessible via the local stock exchanges in Eastern
Europe. East Capital Explorer targets fast growing sectors such as the power
utilities, financial, retail and consumer goods and real estate sectors. East
Capital Explorer has appointed East Capital to manage its investment
activities. Since 9 November 2007, East Capital Explorer is listed on NASDAQ
OMX Stockholm, Mid Cap.
This information is disclosed in accordance with the Securities Markets Act,
the Financial Instruments Trading Act or demands made in the exchange rules.
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* 1 EUR = 9.88 SEK on 31 October 2008. Source: Reuters.
