The Swedish Securities Council issues statement with respect to voting at the forthcoming EGM of ECEX

The Swedish Securities Council has attended to a petition from East Capital
Explorer AB (publ) (“ECEX”) concerning good practice in related party
transactions. The petition relates to East Capital Explorer’s intention to, as
announced on 11 February, convene an Extraordinary General Meeting to decide on
the termination of the Investment Agreement between East Capital and the
Company. The Securities Council was asked to issue a statement on whether it is
consistent with good practice that East Capital, in its capacity as a
shareholder, at a General Meeting of East Capital Explorer participates in a
voting on the termination of the Investment Agreement. The Securities Council
concludes that it is not inconsistent with good practice that East Capital
participates in a voting concerning the termination of the aforesaid Agreement.

The Council will publish a summary of the statement today. The full statement
will be published later.

Contact information

Mia Jurke, CEO, East Capital Explorer, +46 8 505 88 532

Lena Krauss, CFO & Head of Investor Relations, East Capital Explorer, +46 73 988
44 66


About East Capital Explorer

East Capital Explorer AB (publ) is a Swedish investment company, created with
the aim of bringing unique investment opportunities in Eastern Europe to a
broader investor base. The company makes direct investments into primarily
private companies and real estate, but has also invested through East Capital’s
alternative investment funds. East Capital Explorer’s main investment theme is
domestic growth and the Company targets fast growing sectors such as retail,
telecom and real estate. East Capital Explorer is listed on Nasdaq Stockholm,
Mid Cap.

Listing: Nasdaq Stockholm, Mid Cap - Ticker: ECEX - ISIN: SE0002158568 -
Reuters: ECEX.ST - Bloomberg: ECEX SS Equity

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 09:00 a.m. CET on 1 April 2016.