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2016-05-09

East Capital Explorer AB: Announcement from Extraordinary General Meeting of East Capital Explorer AB

- Intention to initiate share buyback program 20 May

The Extraordinary General Meeting of East Capital Explorer AB (publ)
today approved the Board's proposal to terminate the Investment
Agreement regulating the relation between the Company and East
Capital and certain affiliates, with immediate effect. The agreed
joint termination shall come into force within ten days from the
EGM's approval.

The Investment Agreement is replaced with effect from the termination
becoming effective, with a Transition and Termination Agreement that
regulates commitments by and services from East Capital (and
affiliates) in favor of the Company, primarily during the transition
period until the end of December 2017, inclusive of the compensation
for these commitments and services to East Capital and affiliates, as
set out in the Board's complete proposal.

As a result of the EGM's decision, and as announced on 7 April 2016,
the Company intends to initiate a broad and active share buyback
program linked to the share price discount to NAV, whereby share
buybacks will be carried out for as long as the discount relative to
the most recently published NAV is more than 20%. The Company intends
to initiate the buyback program on 20 May 2016, the day after
publication of its interim report for the first quarter.

The Board's complete proposal is available on:

http://www.eastcapitalexplorer.com

Contact information:

Mia Jurke, CEO, East Capital Explorer, +46 8 505 885 52

Lena Krauss, CFO and Head of Investor Relations, East Capital
Explorer, +46 73 988 4466

About East Capital Explorer

East Capital Explorer AB (publ) is a Swedish investment company,
created with the aim of bringing unique investment opportunities in
Eastern Europe to a broader investor base. The company makes direct
investments into primarily private companies and real estate, but has
also invested through East Capital's alternative investment funds.
East Capital Explorer's main investment theme is domestic growth and
the Company targets fast growing sectors such as retail, telecom and
real estate. East Capital Explorer is listed on Nasdaq Stockholm, Mid
Cap.

Listing: Nasdaq Stockholm, Mid Cap - Ticker: ECEX - ISIN: SE0002158568
-

Reuters: ECEX.ST - Bloomberg: ECEX SS Equity
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 15.00 CET
on 9 May 2016.

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http://news.cision.com/east-capital-explorer-ab/r/announcement-from-extr...
http://mb.cision.com/Main/13001/2005098/513039.pdf

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