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2014-05-23

East Capital Explorer AB: Lena Krauss appointed new CFO at East Capital Explorer

Lena Krauss has been appointed Chief Financial Officer (CFO) of East Capital
Explorer AB. She succeeds Mathias Pedersen, who continues as CFO of East
Capital Group as planned. Lena joined East Capital Explorer on 1 January 2014
as Head of Investor Relations and Finance. Her most recent position was as
SVP Agency Manager at the Swedish communication agency Diplomat
Communications. Lena's previous positions include Investor Relations Director
at Tele2, Partner at London based Shared Value and equity analyst at Alfred
Berg ABN Amro. Lena holds a M.Sc. (Econ) degree from the Swedish School of
Economics and Business Administration in Helsinki.

East Capital Explorer also announces that Mia Jurke is back from her parental
leave and hence will resume the responsibilities as CEO of East Capital
Explorer after Catharina Hagberg, who has been Acting CEO during this period.

- I am very pleased with the appointment of Lena as CFO. As she will continue
to be responsible also for investor relations, her broad background combining
finance with communication will be very valuable. I would also like to thank
Mathias for his appreciated contributions since 2010 and not least Catharina
Hagberg for taking on the responsibility as CEO during this eventful year,
says Mia Jurke, CEO of East Capital Explorer.

- It feels good to join the company at this transition stage in which the
strategy has become much more focused with a greater proportion of direct
investments and private equity holdings. As this work progresses, and to meet
external expectations and demands, I will work actively to continuously
develop our financial communications, says Lena Krauss.

Contact information

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

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

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

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 23 May 2014.

140523 - Pressrelease
http://hugin.info/143006/R/1788066/614166.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#1788066

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