Year-end Report 2007

• The net asset value per share on 31 December 2007 amounted to EUR 10.87 (corresponding to SEK 102.61)

• Net profit amounted to EUR 4.0m (corresponding to SEK 37.8m), corresponding to Earnings per share of EUR 0.091 (corresponding to SEK 0.86)

• Successful listing on OMX Nordic Exchange Stockholm on 9 November 2007

• East Capital Explorer invested a total of EUR 49m in the East Capital Bering Russia and Balkan Funds, EUR 81m in the new East Capital Power Utilities Fund and EUR 18m in the East Capital (Lux) Eastern European Fund

Telephone conference The report will be presented and commented at a telephone conference with Gert Tiivas, CEO and Pia Tell Svensson, CFO.

Date: Thursday 21 February 2008
Time: 14.30 CET
Telephone details: +46 (0)8 505 598 53 (Sweden) or +44 (0)203 043 24 36 (UK).

Please dial-in a few minutes before the conference starts. The telephone conference will be webcasted simultaneously on http://www.eastcapitalexplorer.com/. The webcast will also be available on the website after the telephone conference.

Contact information:
Gert Tiivas, CEO East Capital Explorer +46 8 505 977 30
Louise Hedberg, Head of Communications/IR East Capital Explorer +46 8 505 977 20