East Capital Explorer AB - East Capital Explorer exits Wimm-Bill-Dann investment

| Source: East Capital Explorer AB East Capital Explorer AB 

East Capital Explorer AB has accepted PepsiCo's buyout offer to purchase its
holding in Wimm-Bill-Dann Foods OJSC, a leading Russian dairy and juice company.
 East Capital Explorer realized an annualized pre-tax return of 17.4% on its
initial EUR 6.8m investment (39.7% pre-tax IRR when measured in the transaction
currency USD).

Gert Tiivas, CEO East Capital Explorer says: "We are pleased that our investment
manager successfully executed this short-term investment opportunity in Wimm-
Bill-Dann as means to maximize returns utilizing cash awaiting deployment into
other investments."

The buyout offer by PepsiCo was required in accordance with Russian law after it
received  approval  to  acquire  66% of  Wimm-Bill-Dann  for a price USD 132 per
common share. After the buyout, East Capital Explorer received EUR 7.4m which is
available for future investments.


Contact information:
Gert Tiivas, CEO East Capital Explorer +46 8 505 977 30


Financial reporting calendar - East Capital Explorer:
  * Monthly Net Asset Value report on the fifth working day after the end of
    each month
  * Interim Report, 1 January - 30 June 2011 on 5 August 2011
  * Interim Report, 1 January - 30 September 2011 on 11 November 2011



About East Capital Explorer - East Capital Explorer AB is a Swedish company,
created with the specific aim of bringing unique investment opportunities in
Eastern Europe to a broader investor base. The company invests mainly in East
Capital's alternative investment funds as well as in direct investments into
private and public companies. East Capital Explorer targets fast growing sectors
such as the power utilities, financial, retail and consumer goods and real
estate sectors. East Capital Explorer has appointed East Capital to manage its
investment activities. Since 9 November 2007, East Capital Explorer is listed on
NASDAQ OMX Stockholm, Mid Cap.

This information is disclosed in accordance with the Securities Markets Act, the
Financial Instruments Trading Act or demands made in the exchange rules. It was
released for publication at 7:00 a.m. CET on 20 June 2011.


[HUG#1524481]

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