East Capital Explorer AB - Net Asset Value SEK 106 per share on 31 October 2010

· On 31 October 2010 the net asset value per share in East Capital Explorer
amounted to EUR 11.43 (corresponding to SEK 106[1]). The total net asset value
amounted to EUR 398m (corresponding to SEK 3.7bn)

· The total net asset value (EUR) increased 0.3 percent compared to 30 September
2010

· During October East Capital Explorer further increased its holding in TEO,
buying additional shares for EUR 1.5m

· The value of cash, cash equivalents and other short term investments per share
amounted to EUR 1.50 (SEK 14), corresponding to an aggregate of EUR 52m (SEK
487m) of which EUR 36m (SEK 335m) were available for future investments

· The closing price per share on 31 October 2010 was SEK 74 (corresponding to
EUR 7.96)



The total number of shares outstanding in East Capital Explorer AB on 31 October
was 34,851,675.

This report has not been subject to review by the company's auditors.

The full net asset value report with the portfolio as of 31 October 2010 is
included in the attached pdf-file.



Contact information:

Gert Tiivas, CEO East Capital Explorer +46 8 505 977 30

Mathias Pedersen, CFO East Capital Explorer +46 8 505 977 48



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 - 31 September 2010, 11 November 2010

·         Year-end Report 2010, 16 February 2011

·         Annual Report 2010 available in the week of 28 Mars 2011

·         Annual General Meeting 2011 on 12 April 2011

·         Interim Report 1 January - 31 March 2011, 10 May 2011

·         Interim Report 1 January - 30 June 2011, 26 August 2011

·         Interim Report 1 January - 30 September 2011, 9 November 2011



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 and demands made in the exchange rules.




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[1] 1 EUR = 9.30 SEK on 29 October 2010. Source: Bloomberg



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