Intrum Justitia, East Capital Explorer, East Capital Financials Fund and the European Bank for Reconstruction and Development form company for

Intrum Justitia, East Capital Explorer, East Capital Financials Fund and
the European Bank for Reconstruction and Development form company for

investing in Russian non-performing retail loans
A new joint venture between the European Bank for Reconstruction and
Development (EBRD) and EEDF AG, a company jointly owned by East Capital
Explorer, East Capital Financials Fund and Intrum Justitia, was founded
on December 22nd, with the sole purpose to acquire non-performing retail
loans (“NPLs”) from Russian financial institutions. The overall
commitments from Intrum Justitia, East Capital Explorer and East Capital
Financials Fund remain unchanged. The investment capacity of this joint
venture for the coming three years, however, could be increased.

EEDF AG, a joint venture between East Capital Explorer, East Capital
Financials Fund and Intrum Justitia was established in early 2010, for
the purpose of acquiring NPL portfolios in Russia. In October 2010, a
cooperation agreement was signed between EEDF AG and the EBRD,
culminating on 22 December 2010 with the founding of a new investment
company, owned by EBRD and EEDF AG. The new joint venture is aiming to
expand financial capabilities of EEDF AG and to make acquisitions of
bigger NPL portfolios possible.

The Russian non-performing loan market for un-secured debt, is comprised
of non-performing retail loans such as consumer loans, vendor loans,
credit card debts and car loans and has increased following the recent
financial crisis. Banks are increasingly outsourcing debt collection of
non-performing loans to local collection agencies or selling their
non-performing consumer loan portfolios in the market in order to
improve cash flow.

The project will contribute to improving balance sheets of  Russian
banks with the sale and consequent reduction of NPLs held by banks.
Furthermore it will contribute to the development of an active market
for the pricing and transfer of NPLs on the Russian market and,
importantly, foster the development of a sound and ethical credit
management servicing industry in Russia by developing credit management
services that promote the best of international practices.

 “The cooperation between Intrum Justitia, East Capital Explorer, East
Capital Financials Fund and the EBRD is a great initiative to continue
developing the Russian credit management market. Of course we see this
as an attractive investment opportunity in an interesting market, but
also we will be contributing to the development of healthy credit and
payment behavior in this country, an important strategic objective for
us,” says Lars Wollung, CEO and President of Intrum Justitia.

The portfolios purchased by the investment company will be serviced by
the leading CMS companies in Russia that are dedicated to implementing
high ethical standard collection services on the Russian market.

For more information, please contact:

Lars Wollung, CEO and President                          
Tel: +46 8 546 102 00
Gijsbert Wassink, Director Financial Services
Tel: +41 (0)417278662, g.wassink@ch.intrum.com (g.wassink@ch.intrum.com)

Annika Billberg, IR & Communications Director
Tel: + 46 702 67 97 91, a.billberg@intrum.com (a.billberg@intrum.com)

About EBRD
The European Bank of Reconstruction and Development (EBRD) was
established in 1991 and is the largest financial investor in a region of
operations, which stretches from central Europe and the Western Balkans
to central Asia. With the ability and willingness to bear risk on behalf
of its clients, EBRD help countries in the region to become open, market
economies. EBRD is owned by 61 countries, the European Union and the
European Investment Bank.

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.

About the East Capital Financials Fund

East Capital Financials Fund is a private equity fund that aims to
benefit from the long-term macroeconomic development and the growing
financial sector in Eastern Europe and CIS. The Fund has completed a
number of transactions in Russia, Ukraine, Georgia and Kazakhstan, and
currently holds fourteen investments in the portfolio. Thirteen of the
portfolio companies are banks and one is a collection agency.