• On 31 October 2009 the net asset value per share in East Capital Explorer amounted to EUR 9.19 (corresponding to SEK 95.48*). The total net asset value amounted to EUR 326.3m (corresponding to SEK 3,390.3m) • The change in the total net asset value (EUR) was 0.8 percent compared to 30 September 2009 and 23.1 percent year-to-date • Cash and deposits per share amounted to EUR 2.03 (SEK 21.09), corresponding to a total of EUR 72.1m (SEK 749.1m) of which EUR 33.6m (SEK 349.1m) is available for future investments • The closing price per share on 30 October 2009 was SEK 65.50 (corresponding to EUR 6.30) The total number of shares in East Capital Explorer on the same date was 35,499,160. This report has not been subject to review by the Company's auditors. The full net asset value report including the portfolio on 31 October 2009 is included in the attached pdf-file. Contact information: Gert Tiivas, CEO East Capital Explorer +46 8 505 977 30 Louise Hedberg, Head of Communications/IR East Capital Explorer +46 8 505 977 20 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 September 2009 on 12 November 2009 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 private equity and semi-public equity funds that provide exposure to companies not otherwise accessible via the local stock exchanges in Eastern Europe. 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. ---------- * 1 EUR = SEK 10.39 on 30 October 2009. Source: Reuters.