• On 31 March 2010 the net asset value per share in East Capital Explorer amounted to EUR 11.67 (corresponding to SEK 114). The total net asset value amounted to EUR 408m (corresponding to SEK 4.0bn) “We are pleased that our total net asset value has reached EUR 408m. Despite the financial crisis, we are now back above the level of our IPO both in EUR and SEK terms.” says Gert Tiivas, CEO of East Capital Explorer AB • The increase in the total net asset value (EUR) was 8.8 percent compared to 28 February 2010. The increase in NAV per share, however, was 10.5 percent due to the ongoing share repurchase program. • The value of cash, cash equivalents and bonds per share amounted to EUR 2.38 (SEK 23), corresponding to a total of EUR 83m (SEK 808m) of which EUR 35m (SEK 336m) is available for future investments • The closing price per share on 31 March 2010 was SEK 82.50 (corresponding to EUR 8.47) Following the share buy-backs, the total number of shares outstanding in East Capital Explorer AB on 31 March was 34 951 675. This report has not been subject to review by the Company's auditors. The full net asset value report including the portfolio on 31 March 2010 is included in the attached pdf-file. Contact information: Gert Tiivas, CEO East Capital Explorer +46 8 505 977 30 Mathias Pedersen, CFO East Capital Explorer +46 8 505 977 48 Financial reporting calendar - East Capital Explorer: • Monthly Net Asset Value report on the fifth working day after the end of each month • Annual General Meeting 2010 in Stockholm on 28 April 2010 • Interim Report 1 January - 31 March 2010, 11 May 2010 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.