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East Capital Explorer AB - Net Asset Value SEK 109 per share on 30 November 2010


December 7, 2010 - London

· On 30 November 2010 the net asset value per share in East Capital Explorer amounted to EUR 11.92 (corresponding to SEK 109[1]). The total net asset value amounted to EUR 416m (corresponding to SEK 3.8bn)

· The total net asset value (EUR) increased 4.4 percent compared to 31 October 2010

· The value of cash, cash equivalents and other short term investments per share amounted to EUR 1.49 (SEK 14), corresponding to an aggregate of EUR 52m (SEK 475m) of which EUR 36m (SEK 329m) were available for future investments

· The closing price per share on 30 November 2010 was SEK 75.75 (corresponding to EUR 8.30)

 

The total number of shares outstanding in East Capital Explorer AB on 30 November was 34,851,675.

 

This report has not been subject to review by the company's auditors.

 

The full net asset value report with the portfolio as of 30 November 2010 is included in the attached pdf-file.

 

 

Contact information:
Gert Tiivas, CEO East Capital Explorer +46 8 505 977 30
Mathias Pedersen, CFO East Capital Explorer +46 8 505 977 48

 

Financial reporting calendar - East Capital Explorer:
·       Monthly Net Asset Value report on the fifth working day after the end of each month
·       Year-end Report 2010, 16 February 2011
·       Annual Report 2010 available in March 2011
·       Annual General Meeting 2011 on 12 April 2011
·       Interim Report 1 January - 31 March 2011, 10 May 2011
·       Interim Report 1 January - 30 June 2011, 26 August 2011
·       Interim Report 1 January - 30 September 2011, 9 November 2011

 

 

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.

 

This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act and demands made in the exchange rules.



 

[1] 1 EUR = 9.13 SEK on 30 November 2010. Source: Bloomberg

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: East Capital Explorer AB via Thomson Reuters ONE

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