East Capital Explorer AB - Net Asset Value SEK 77 per share on 30 November 2012

  * On 30 November 2012 the net asset value per share in East Capital Explorer
    AB amounted to EUR 8.86 (corresponding to SEK 77[i]). The total net asset
    value amounted to EUR 293m (corresponding to SEK 2.5bn)
  * The total net asset value (EUR) decreased by 0.5 percent compared to 31
    October 2012
  * The value of cash, cash equivalents and other short term investments per
    share amounted to EUR 1.23 (SEK 11), corresponding to an aggregate of EUR
    41m (SEK 352m) of which EUR 14m (SEK 123m) were available for future
    investments
  * On 27 November 2012, East Capital Explorer divested EUR 4.2m in East Capital
    (LUX) Eastern European Fund
  * As announced on 30 November 2012, the Company decided to invest an
    additional EUR 10m into the East Capital Baltic Property Fund II in
    conjunction with the fund's second investment into an attractively located
    shopping centre in Vilnius
  * The Board of Directors' proposed redemption program for 2013 was approved by
    the Extraordinary General Meeting of East Capital Explorer on 4 December
    2012. The program means that up to 5% of the Company's outstanding shares
    will be redeemed at SEK 77 (NAV per share as of 31 October 2012),
    corresponding to a yield of 8%
  * The closing price per share on 30 November 2012 was SEK 50.50 (corresponding
    to
    EUR 5.84)

Excluding shares held by the company following buy-backs, the number of shares
outstanding in East Capital Explorer on 30 November 2012 was 33,024,545.

This report has not been subject to review by the company's auditors.

The full net asset value report with the portfolio as of 30 November 2012 is
included in the attached pdf-file.

Contact information:
Mia Jurke, CEO, East Capital Explorer, +46 8 505 885 32
Charlotte Åsberg, Investor Relations Manager, East Capital Explorer,
+46 8 505 885 94

Financial reporting calendar - East Capital Explorer:
  * Monthly Net Asset Value report on the fifth working day after the end of
    each month
  * Year-end Report 2012, 14 February 2013
  * Annual Report 2012 available in April 2013
  * Annual General Meeting 2012 on 24 April 2013
  * Interim Report, 1 January - 31 March 2013 on 9 May 2013
  * Interim Report, 1 January - 30 June 2013 on 14 August 2013
  * Interim Report, 1 January - 30 September 2013 on 11 November 2013


About East Capital Explorer - East Capital Explorer AB (publ) 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 special fund products but it also makes direct
investments into private and public companies. East Capital Explorer targets
fast growing sectors such as Power Utilities, Financials, Retail and Consumer
Goods and Real Estate. East Capital Explorer has appointed East Capital to
manage its investment activities. East Capital Explorer is listed on NASDAQ OMX
Nordic Stockholm, Mid Cap.

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 07:00 a.m. CET on 7 December 2012.



--------------------------------------------------------------------------------

[i] 1 EUR = 8.65 SEK on 30 November 2012. Source: Bloomberg

[HUG#1663252]