East Capital Explorer AB - Liquidation of East Capital Special Opportunities Fund II expected to provide approximately EUR 19.4m*

East Capital Special Opportunities Fund II was launched in 2010 with an
investment life cycle of four years. As planned, East Capital has now commenced
the divestment of the fund's holdings and will pay out the proceeds in tranches.
The first pay-out, in late May - early June, is expected to amount to an
equivalent of approximately 80% of the company's fund holding. The remainder is
expected to be paid out during the autumn of 2014.

"This is yet another step in crystallizing our portfolio values by concentrating
the portfolio and increasing the share of direct investments and private equity
holdings. In the past year, the number of funds in our portfolio has decreased
from twelve to five, while the share of direct investments and private equity
has increased significantly. We intend to invest the proceeds primarily in
Baltic real estate and in direct investments in the Baltic and Russian consumer
sectors", says Catharina Hagberg, Acting CEO of East Capital Explorer.

The value of East Capital Explorer's holding in the fund at 31 March 2014 was
EUR 19.4m, representing 7% of the company's net asset value. East Capital
Explorer owns 57% of the fund, which was launched with the purpose of investing
in Eastern European assets in special situations, where market corrections and
liquidity issues created crisis-like valuations.

"The initial period of the fund was characterized by weaker than expected
macroeconomic developments, which consequently affected market sentiment. Having
worked persistently with the investments, it is encouraging that the holdings we
have believed most in, have also performed well recently. We have successfully
divested three holdings according to plan; Serbian confectionery manufacturer
Bambi was sold with a large premium, Verofarm in a strategic bid and Sibirsky
Cement in a negotiated deal. Following these divestments, half of the fund's
assets now comprises of cash. The largest remaining holding, Slovenian insurance
company Triglav, has gained 26% this year, and we believe that now is a good
time to liquidate the portfolio", says Jacob Grapengiesser, Partner and Senior
Advisor at East Capital.

• As a result of market fluctuations, the actual proceeds may deviate from the

Contact information

Catharina Hagberg, Acting CEO, +46 8 505 885 52
Lena Krauss, Head of Investor Relations & Finance, +46 73 988 44 66

Financial reporting calendar

·         Monthly Net Asset Value report on the fifth working day after the end
of each month
·         Annual General Meeting 2014 on 22 April 2014
·         Interim Report, 1 January - 31 March 2014 on 22 May 2014
·         Interim Report, 1 January - 30 June 2014 on 21 August 2014
·         Interim Report, 1 January - 30 September 2014 on 7 November 2014

About East Capital Explorer

East Capital Explorer AB (publ) is a Swedish investment company, created with
the specific aim of bringing unique investment opportunities in Eastern Europe
to a broader investor base. The company makes direct investments into private
and public companies but investments are also made through East Capital's
private equity, real estate and alternative investment funds. East Capital
Explorer's main investment theme is domestic growth and the Company targets fast
growing sectors such as Retail and Consumer goods, Financials and Real Estate.
East Capital Explorer has appointed East Capital to manage its investment
activities. East Capital Explorer is listed on NASDAQ OMX Stockholm, Mid Cap.

   Listing: NASDAQ OMX 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 16:00 p.m. CET on 16 April 2014.

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 Source: East Capital Explorer AB via GlobeNewswire