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2015-03-17

East Capital: Ownership changes in East Capital triggers disclosure in East Capital Explorer

As reported by the Swedish FSA on 17 March, Peter Elam Håkansson has, on 16
March, filed a disclosure notice triggering a disclosure by the FSA. Mr Elam
Håkansson has passed the disclosure threshold of 20%, by decreasing his
ownership in East Capital Explorer (ECEX) from 20.5% to 19.7%.

This is a result of a change in ownership in East Capital Holding AB relating
to Aivaras Abromavicus, a former partner of East Capital, who was appointed
Minister of Economy and Trade in Ukraine in December 2014 and therefore is no
longer a partner in the Company. The sale of shares through Mr Elam Håkansson
forms part of the compensation to Mr Abromavicius, and thus 237,714 shares in
East Capital Explorer AB have been transferred from East Capital to Mr
Abromavicius directly.

East Capital would like to re-emphasize that the aforementioned disclosure
announcement dated 17 March 2015 is not a result of active selling of shares
by Peter Elam Håkansson or any affiliates within the company.

Contact information

MHP Communications

Christian Pickel/Lorena Sanchez

+44 (0)20 3128 8208/8549

eastcapital@mhpc.com

mediaenquiries@estcapital.com

About East Capital

East Capital is a specialist in emerging and frontier markets. The company,
founded in 1997, bases its investment strategy on thorough knowledge of the
markets, fundamental analysis and frequent company visits by its investment
teams. East Capital actively manages EUR 2.9 billion in public equity,
private equity and real estate. It is headquartered in Stockholm, with
offices in Hong Kong, Luxembourg, Moscow, Oslo, Paris and
Tallinnwww.eastcapital.com

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