East Capital Explorer AB hereby reports that the Company, in accordance with the decision of the Board regarding the utilization of the authorization to repurchase own shares as announced on 12 March 2009, has repurchased an additional 206,000 shares between 23 and 27 March 2009 at an average price of SEK 47.19 per share. Since the announcement on 12 March 2009, East Capital Explorer has repurchased a total of 399,000 own shares at an average price of SEK 45.07 per share. Before this date, the Company did not hold any own shares. The total number of shares in East Capital Explorer amount to 36,270,160. Shares can be purchased up to and including 9 April 2009, observing blackout periods before reports and all other applicable rules. Execution of the resolution to repurchase shares is dependent upon market terms, applicable rules and regulations and the Company's capital position at any point in time. 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 • Annual Report 2008 available in the week of 6 April 2009 • Annual General Meeting 2009 on 27 April 2009 in Stockholm • Interim Report 1 January - 31 March 2009 on 14 May 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.