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2016-05-10

East Capital Explorer AB: Notice of Annual General Meeting of East Capital Explorer AB (publ)

This is an unofficial translation of the Swedish notice. In case of
any discrepancies between the Swedish notice and this English
translation, the Swedish notice shall prevail.

Shareholders of East Capital Explorer AB (publ), 556693-7404, are
hereby given notice to attend the Annual General Meeting ("AGM") to
be held on Thursday 9 June 2016, at 15:00 CET at IVA's

Conference Center, Grev Turegatan 16 in Stockholm. Registration for
the meeting will commence at 12:30.

Seminar on the development in our investment region

All shareholders are invited to attend a seminar and discussion, with
representatives from East Capital Explorer and external experts
regarding the company as well as our portfolio, market and outlook.

Program (CET):

12:30 Registration for the AGM opens (registration is possible until 15:00)

13:00 Seminar about East Capital Explorer and our markets

14:30 Coffee break

15:00 AGM

Notification of participation

In order to be entitled to participate at the AGM, shareholders must
be recorded as shareholders in the printout of the share register
maintained by Euroclear Sweden AB on Thursday 2 June 2016 and give
notice of their intention to participate at the meeting not later
than Thursday 2 June 2016.

Notice of participation at the AGM may be given either by telephone
+46 8 402 90 46, on the website www.eastcapitalexplorer.com/agm, or
by regular mail to East Capital Explorer AB (publ), Box 7839, 103 98
Stockholm, Sweden. Please state "AGM" on the envelope.

The name, personal identification number (or company registration
number), address and telephone number of the shareholder,
shareholding and, if applicable, attendance of any representatives or
assistants should be provided in the notice of participation. No more
than two assistants may attend and only if the number of assistants
have been stated in advance.

Personal data collected from powers of attorney and the share register
kept by Euroclear Sweden AB will be used for registration and
preparation of the voting list for the AGM.

Nominee-registered shares

In order to be entitled to participate at the AGM, shareholders whose
shares are registered in the name of a nominee must temporarily
re-register the shares in their own name. Such registration must be
effected at Euroclear Sweden AB on Thursday 2 June 2016. Thus, the
nominee should be notified in due time prior to this date.

Proxies etc.

Shareholders who are represented by proxy shall issue a power of
attorney for the representative. Powers of attorney in original and,
for legal entities, certificate of registration should be submitted
to the company at the address above in due time prior to the AGM. The
power of attorney and certificate of registration may not be older
than one year, the power of attorney may however be older if it,
according to its wording, is valid for a longer period, maximum five
years. The company provides proxy forms on the website
www.eastcapitalexplorer.com/agm. The proxy form may also be requested
by telephone on +46 8 402 90 46.

Please note that shareholders who are represented by proxy must also
give notice of participation in accordance with the instructions
given above and be registered in their own name with Euroclear Sweden
AB on Thursday 2 June 2016.

Number of shares and votes

At the time of issuing the notice to attend the AGM, the company has a
total of 28,476,792 registered shares, with one vote per share. The
company hold 315,229 own shares.

Right to request information

Shareholders present at the AGM have a right to request information
regarding the matters on the agenda or the company's economic
situation in accordance with Chapter 7, Section 32 of the Swedish
Companies Act.

Admission cards

Admission cards entitling the holder to participate at the AGM will be
distributed prior to the AGM to those shareholders who have given
notice of participation. It is expected that shareholders will
receive admission cards not later than on Tuesday 7 June 2016. Any
shareholder who has not received an admission card prior to the AGM
may obtain an admission card at the information desk at the AGM.

Proposed agenda

1. Opening of the meeting

2. Election of the chairman of the meeting

3. Preparation and approval of the voting list

4. Approval of the agenda

5. Election of one or two persons to verify the minutes of the meeting

6. Decision on whether the meeting has been duly convened

7. Presentation of the annual report and the auditors' report, as well
as of the consolidated financial statements and the auditors' report
for the East Capital Explorer group. In connection there with:

a) address by the chairman of the board of directors including a report on the work of the board of directors

b) address by the CEO

c) report by the auditor regarding the audit work

8. Resolutions regarding:

a) adoption of the income statement and balance sheet as well as of the consolidated income statement and the consolidated balance sheet for the East Capital Explorer group

b) disposition of the company's result in accordance with the adopted balance sheet

c) discharge from liability of the members of the board of directors and the CEO

9. Report regarding the work of the nomination committee

10. Decision on the number of members of the board of directors,
auditors and deputy auditors

11. Decision on remuneration to the board of directors and the auditor

12. Election of members of the board of directors and chairman of the
board of directors

13. Election of auditor

14. Decision regarding the criteria for appointment of the nomination
committee

15. Decision on guidelines for remuneration to senior management

16. Resolution on:

a) reduction of the share capital by way of retirement of own shares,

b) increase of the share capital by way of bonus issue, and

c) reduction of the share capital by way of retirement of own shares

17. Resolution regarding authorization for the board of directors to
acquire own shares

18. Closing of the meeting

The nomination committee's proposals

The nomination committee has consisted of Magnus Lekander, chairman of
the committee (representative of East Capital), Kestutis Sasnauskas
(East Capital), David Bliss (Lazard Asset Management), Mats Heiman
(Navos Capital) and Lars O Grönstedt (chairman of the board of
directors of East Capital Explorer).

The nomination committee shall prepare proposals regarding; chairman
of the meeting (item 2), number of members of the board of directors,
auditors and deputy auditors (item 10), remuneration to the board of
directors and the auditor (item 11), members of the board of
directors and chairman of the board of directors (item 12), auditor
(item 13), and criteria for appointment of the nomination committee
(item 14).

At the time of publication of the notice the Company has not received
any proposals from the nomination committee. The nomination committee
will continue their work and the proposals will be published as soon
as the Company receives them.

The board of directors' proposals

8 b) Disposition of the company's result

The board of directors proposes a dividend to the shareholders
corresponding to 0.80 SEK per share and that the remaining profits
are carried forward. The proposed record day for the right to receive
dividend is 13 June 2016. If the AGM resolves in accordance with the
proposal, the dividend is expected to be paid out via Euroclear
Sweden AB on Thursday 16 June 2016.

15. Guidelines for remuneration to senior management

"Senior Management" refers to the CEO and CFO[1]
(http://connect.ne.cision.com#_ftn1). The company shall offer a total
remuneration in line with market conditions which will enable the
company to recruit and retain the most suitable executives. The
remuneration to the CEO and CFO shall consist of fixed and variable
salary and pension and insurance benefits. The board of directors
decides in its discretion according to certain key performance
indicators, based on the CEO's and CFO's performances, whether or not
the CEO and CFO shall receive any variable salary. The CEO and CFO
may receive variable salary corresponding to maximum 50 percent of
the fixed salary. The CEO and CFO have individual premium-based
pension plans, pursuant to which the company pays premiums
corresponding to 10 percent of their respective fixed salaries up to
ten Swedish income base amounts and premiums corresponding to 20
percent of the fixed salaries on the portion of the fixed salaries
that exceeds ten Swedish income base amounts. These guidelines shall
apply to the current employment agreements and to employment
agreements entered into after a decision is taken by the general
meeting in respect of these guidelines. The board of directors shall
have the right to deviate from the principles adopted by the AGM if
special reasons are at hand in an individual case.

16. Resolution on a) reduction of the share capital by way of
retirement of own shares, b) increase of the share capital by way of
bonus issue, and c) reduction of the share capital by way of
retirement of own shares

a) Reduction of the share capital by way of retirement of own shares

The board of directors proposes that the AGM resolves to reduce the
share capital by way of retirement of own shares. The purpose of the
reduction is allocation to unrestricted shareholders' equity to be
used as decided by the AGM in accordance with item b) below. The
reduction of the share capital shall be made by retirement of those
own shares that are held by the company three weeks prior to the AGM.
The reduction of the share capital shall be made with a total of EUR
40,447 by way of retirement of a total of 315,229 shares.

The resolution to reduce the share capital under this item a) may be
effectuated without obtaining an authorization from the Swedish
Companies Registration Office or, in disputed cases, a court of
general jurisdiction as the company simultaneously effectuates a
bonus issues as set out under item b) below, with an amount
corresponding to no less than the amount the share capital is being
reduced with as set out above. Combined, these measures entail that
neither the company's restricted equity nor its share capital is
reduced.

b) Increase of the share capital by way of bonus issue

With the purpose of restoring the share capital after the proposed
reduction of the share capital as set out under item a) above, the
board of ...

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