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2014-05-27

East Capital Explorer AB: East Capital Explorer announces closing of acquisition of Vilnius Business Harbour

East Capital Explorer AB today announced that it has completed, as a direct
investment, the previously announced acquisition of Vilnius Business Harbour
and neighboring land plot. The aggregate purchase price is EUR 61.6m, of
which the equity commitment of EUR 22.3m and transaction costs are paid in
cash by East Capital Explorer, whereas the rest is financed with a credit
facility in Swedbank. The acquisition price corresponds to a yield of
approximately 7 percent.

"I am very pleased with the investment in Vilnius Business Harbour, as it is
another step towards an increasingly concentrated portfolio as a result of
our more focused investment strategy, in addition to further strengthening
the cash flow in our portfolio. The Baltic market continues to be
particularly interesting, with many attractive opportunities within both real
estate and private equity", says Mia Jurke, CEO of East Capital Explorer.

The acquisition comprises the property of Vilnius Business Harbour, a 60,000
sqm A Class office complex built in 2008 in the city center of Lithuania's
capital Vilnius with a leasable area of 28,400 sqm, as well as a neighboring
land plot with development potential of 13,000 sqm office premises. The
business complex has a low vacancy rate with a strong tenant mix including
TEO, Aviva Insurance, Visma, DnB Nord, the Ministry of Finance and Nordea
Finance among others. Seller is the developer SPV Nekilnojamojo Turto Gama.

"This is an excellent complement to East Capital Explorer's existing real
estate portfolio of quality commercial properties at prime locations in the
Baltic capitals. Vilnius Business Harbour is one of the most modern and well
situated office buildings in Vilnius, where A class office demand continues
to grow. We see a great opportunity to further develop its potential and
offer the best office premises and services to our customers", says Kestutis
Sasnauskas, Partner and Head of Private Equity and Real Estate at East
Capital.

Contact information

Mia Jurke
, CEO, East Capital Explorer, +46 8 505 885 32

Lena Krauss
, CFO and Head of Investor Relations, +46 73 988 44 66

Kestutis Sasnauskas
, Partner and Head of Private Equity and Real Estate, East Capital, +46 8 505
885 23

Financial reporting calendar

· Monthly Net Asset Value report on the fifth working day after the
end of each month
· Interim Report, 1 January - 30 June 2014 on 21 August 2014
· Interim Report, 1 January - 30 September 2014 on 7 November 2014
· Year-end Report, 1 January - 31 December 2014 on 12 February 2015

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 10:00 a.m. CET on 27 May 2014.

140527 - Press Release
http://hugin.info/143006/R/1788660/614597.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#1788660

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