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2014-10-01

East Capital: East Capital’s Balkan Fund celebrates 10-year anniversary

East Capital, a specialist in emerging and frontier markets, is pleased to
announce that its award-winning Balkan Fund (the ‘Fund’) has today celebrated
its tenth year since inception. Launched on 1 October 2004, the Balkan Fund’s
strategy is to invest in companies benefiting from long-term development
trends such as EU convergence and growth in domestic consumption, and
investment in markets which are in an early phase of transition. The Fund has
an all-cap mandate and actively seeks exposure to smaller companies. The Fund
mainly invests in shares in companies in Romania, Bulgaria, Croatia, Serbia,
Turkey and Slovenia.

Since inception, the Balkan Fund has returned 44.50 per cent, outperforming
the benchmark, which has returned 33.99 per cent over the same period. Most
recently, the Fund received the BNE Fund Survey award for Best Equity Fund,
chosen based on fund performance over the 12 months from 30 June 2013 to 30
June 2014. During that period alone, East Capital’s Balkan Fund had a return
of 26%. The Fund also won this accolade last year. At the time the Fund
gained 19,5% from 30 June 2012 to 30 June 2013.

The Balkan Fund is managed by East Capital’s Balkan and Turkey regional team,
led by partner and CIO Peter Elam Håkansson with the support of partner and
senior advisor Jacob Grapengiesser, senior adviser Tim Umberger and portfolio
manager Emre Akcakmak. Together, the team has a combined experience of 63
years in the fund management industry.

Tim Umberger, Senior Adviser at East Capital said:

“The fund’s strategy to enter the market at an early stage, and to buy
inexpensive shares in companies and sectors benefiting from long-term
development trends has served it well over the past ten years. The decade has
been volatile both in terms of economic developments as well as the markets,
but the key underlying investment themes of economic convergence paired with
attractive valuations remained in place and are still valid. Going forward,
we continue to be very active in our key holdings, pushing for better
corporate governance and higher dividends."

Contact information

Christian Pickel / Nick Denton, MHP Communications

+44 203 128 8208eastcapital@mhpc.com

Karl Lans, Press Contact, East Capital

+46 70 694 77 83karl.lans@eastcapital.com

About East Capital

East Capital is a specialist in emerging and frontier markets. The company,
founded in 1997, bases its investment strategy on thorough knowledge of the
markets, fundamental analysis and frequent company visits by its investment
teams. East Capital actively manages EUR 3.2 billion in public equity,
private equity and real estate. It is headquartered in Stockholm, with
offices in Hong Kong, Kyiv, Luxembourg, Moscow, Oslo, Paris and
Tallinnwww.eastcapital.com

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