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East Capital Explorer AB: East Capital Russia Domestic Growth Fund to be liquidated - East Capital Explorer's exposure to public equity thereby decreases furth

East Capital has decided to liquidate East Capital Russia Domestic Growth
Fund, in which East Capital Explorer is the largest shareholder. The value of
East Capital Explorer's investment in the fund amounted to EUR 9.9m by 30
August. At least 90 percent of the liquidation proceeds are expected to be
received before the end of October.

"The liquidation of East Capital Russia Domestic Growth Fund supports our
communicated shift from public equity to private equity and real estate. We
look forward to new investment opportunities in these focus areas, including
growing our real estate portfolio through the planned initial investment in
East Capital Baltic Property Fund III during the fall", said Mia Jurke, CEO
of East Capital Explorer.

East Capital Russia Domestic Growth Fund's portfolio consisted of 27 listed
Russian companies at the end of Q2 2015. Its largest holdings were Sberbank,
E-ON Russia and Magnit. On 30 June 2015, East Capital Explorer's share of the
Fund was 92 percent, and the Fund represented 5.1 percent of the Company's
NAV. East Capital Explorer has redeemed a total of EUR 11m in the Fund
between January and August 2015, of which EUR 2m in July and August. Since
East Capital Explorer's initial investment in the Fund in September 2012, the
annualized Fund return (per 31 August 2015) is -22.5 percent.

Contact information

Mia Jurke
, CEO, East Capital Explorer, +46 8 505 885 32
Lena Krauss
, CFO and Head of Investor Relations, East Capital Explorer, +46 73 988 44 66

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 as well as real estate, but investments are also
made 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 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 Stockholm,
Mid Cap.

Nasdaq Stockholm, Mid Cap -Ticker:
SE0002158568 -
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 3:00 p.m. CET on 28 September 2015.

150928 - Press Release


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


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