East Capital Explorer AB - The repurchase program in East Capital Explorer completed on 10 October

East Capital Explorer AB hereby reports that the repurchase program was
completed on 10 October 2012.

The repurchase program allowed the Company to buy back own shares from 8 August
2012 up and until 10 October 2012. During this period, East Capital Explorer
repurchased a total of 685,111 shares, corresponding to 2.0% of the outstanding
shares, at an average price of SEK 49.95 per share. Before 8 August 2012 the
Company did not hold any own shares. The total number of shares in East Capital
Explorer, including shares owned by the Company, amount to 33,709,706.

Mia Jurke, CEO East Capital Explorer, says: "There are currently many
interesting investment opportunities given the attractive valuations in our
markets, but we continue to as well evaluate other options to increase the
shareholder value on the basis of the high share discount on NAV".

Contact information:
Mia Jurke, CEO, East Capital Explorer, +46 8 505 885 32
Charlotte Åsberg, Investor Relations Manager, East Capital Explorer, +46
8 505 885 94

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 2012, 9 November 2012
  * Capital Markets Day, 9 November 2012
  * Year-end Report 2012, 14 February 2013


About East Capital Explorer - East Capital Explorer AB (publ) 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 special fund products but it also makes direct
investments into private and public companies. East Capital Explorer targets
fast growing sectors such as Power Utilities, Financials, Retail and Consumer
Goods and Real Estate. East Capital Explorer has appointed East Capital to
manage its investment activities. East Capital Explorer is listed on NASDAQ OMX
Nordic 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. It was
released for publication at 07:00 a.m. CET on 15 October 2012.

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