Eastnine — Net Asset Value 2008

Jan 8, 2008

PRESS RELEASE

Stockholm, 8 January 2008

Net Asset Value in East Capital Explorer per 31 December 2007

• On 31 December 2007 the net asset value in East Capital Explorer amounted to EUR 10.84 per share
• The closing price per share on 28 December 2007, the last trading day of the year, was SEK 100 (corresponding to EUR 10.581 )

On 31 December 2007, the total number of shares in East Capital Explorer amounted to 36.270.160.

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

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

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 2007 on February 21, 2008
• Annual Report for 2007 available from April 7, 2008
• Interim report January 1 March 31, 2008 on May 14, 2008

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 November 9, 2007, East Capital Explorer is listed on the OMX Nordic Exchange Stockholm, mid-cap segment.

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

^{1 1} EUR=9.45 SEK on 28 December 2007. Source: Reuters.