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2014-05-12

East Capital Explorer AB: East Capital Explorer AB - East Capital Explorer to acquire Vilnius Business Harbour

East Capital Explorer AB has signed a preliminary agreement to acquire Vilnius
Business Harbour, an A Class office complex in the central business district
in Vilnius, including a neighboring land plot from the developer SPV
Nekilnojamojo Turto Gama. The initial equity commitment by East Capital
Explorer is estimated to amount to EUR 22m. The acquisition, which will be
made as a direct investment, is subject to final documentation. The total
purchase price, including equity and loan financing, will be disclosed upon
closing the deal, which is expected by the end of May.

"This investment is in line with our current strategy to increase exposure to
real estate and Private Equity in the Baltics and to build a more
concentrated portfolio of key holdings for East Capital Explorer. The Baltic
real estate sector has become increasingly more attractive providing risk
adjusted returns. We believe Vilnius Business Harbour is a strong addition to
the portfolio", says Catharina Hagberg, Acting CEO of East Capital Explorer.

The business complex was built in 2008 with a gross leasable area of 28,415
sqm. It currently has a low vacancy rate and a strong tenant mix including
TEO, Aviva Insurance, Visma, DnB Nord, the Ministry of Finance and Nordea
Finance among others. The acquisition also encompasses an additional land
plot on the neighboring site, with development plans for a new office
building.

"We are delighted to acquire Vilnius Business Harbour, one of the most modern
and well situated office buildings in Vilnius. Recovering GDP growth in
Lithuania the past years has revitalized the real estate market, and A class
office demand continues to grow. We see a great opportunity to further
develop VBH's potential and offer best quality office premises and services
to our customers", says Kestutis Sasnauskas, Partner and Head of Real Estate
and Private Equity, East Capital.

Contact information

Catharina Hagberg
, Acting CEO, East Capital Explorer, +46 8 505 885 52

Lena Krauss
, Head of Investor Relations&Finance, East Capital Explorer +46 73 988 44 66

Kestutis Sasnauskas
, Partner and Head of Real Estate and Private Equity, East Capital, +46 8 505
88 523

Financial reporting calendar

· Monthly Net Asset Value report on the fifth working day after the
end of each month
· Interim Report, 1 January - 31 March 2014 on 22 May 2014
· Interim Report, 1 January - 30 June 2014 on 21 August 2014
· Interim Report, 1 January - 30 September 2014 on 7 November 2014
About East Capital Explorer

East Capital Explorer AB (publ) is a Swedish investment company, created with
the specific aim of bringing unique investment opportunities in Eastern
Europe to a broader investor base. The company makes direct investments into
private and public companies but investments are also made through East
Capital's private equity, real estate and alternative investment funds. East
Capital Explorer's main investment theme is domestic growth and the Company
targets fast growing sectors such as Retail and Consumer goods, Financials
and Real Estate. East Capital Explorer has appointed East Capital to manage
its investment activities. East Capital Explorer is listed on NASDAQ OMX
Stockholm, Mid Cap.

Listing:
NASDAQ OMX 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 08:00 a.m. CET on 12 May 2014.

140512 - Press Release
http://hugin.info/143006/R/1784373/611391.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: East Capital Explorer AB via Globenewswire

HUG#1784373

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