New dividend policy for East Capital Explorer

2015-04-21 12:00

Today, the Board of Directors of East Capital Explorer resolved to adopt a new
dividend policy.

East Capital Explorer intends to pay an annual dividend that will be at least
50 percent of dividends received from its holdings, and targeted to steadily
increase over time. In addition, and after consideration of the Company's
balance sheet and investment opportunities, the Board may also consider
redemption or share buyback programs. The method used will depend on what is
assessed to provide the best shareholder value at the given time.

"The new dividend policy reflects the ongoing transformation of East Capital
Explorer, which is becoming an increasingly streamlined private equity and real
estate investor with holdings that over time will generate stable and growing
cash flows. With an ordinary dividend as a base, share redemptions and
repurchases can also be used from time to time to enhance shareholder value. The
recent years' redemption programs have offered our shareholders a yield of
around 8 percent", Chairman Paul Bergqvist said in a statement.

The new dividend policy will apply after today's Annual General Meeting, which
is proposed to resolve on a third redemption program whereby 5 percent of the
Company's outstanding shares can be redeemed at Net Asset Value of SEK 83 per
share. Dividend in accordance with the new policy will be proposed to the AGM as
of 2016.

Contact information

Mia Jurke, CEO, East Capital Explorer, +46 8 505Â 885 32
Lena Krauss, CFO and Head of Investor Relations, East Capital Explorer,
+46 73Â 988 44 66

Financial reporting calendar

  * Annual General Meeting 2015 - 21 Apr 2015
  * Interim Report, Q1 2015 - 13 May 2015
  * Interim Report, Q2 2015 - 20 Aug 2015
  * Interim Report, Q3 2015 - 5 Nov 2015

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 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 12:00 p.m. CET on 21 April 2015.

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 Source: East Capital Explorer AB via GlobeNewswire

150421 - Press Release