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Year-end Report, 1 January – 31 December 2015

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Key events during the fourth quarter

  • Net Asset Value (NAV) per share was EUR 9.00, an increase of 3.2% since December 2014, and an increase of 0.5% since 30 September. Total NAV was EUR 254m

  • 3 Burės was appreciated by EUR 2.3m, while Melon Fashion Group was impaired by EUR 2.2m during the fourth quarter

  • The remaining stake in East Capital Russia Domestic Growth Fund was redeemed for an amount of EUR 10.5m during the quarter. In total, fund holdings equivalent to EUR 38.0m were sold during the year

  • The first draw-down, corresponding to EUR 3.3m of the company’s total committed investment of EUR 20m, was made in East Capital Baltic Property Fund III during the quarter

Key events after the period

  • East Capital and East Capital Explorer today, 11 February 2016, announce their joint view that the Investment Agreement between the companies should be terminated. An EGM will be called to decide on the termination. More information will be provided in connection with an EGM notice no later than by the end of February

  • East Capital Explorer will propose to pay an ordinary dividend for 2015 of SEK 0.80, or EUR 0.09, per share

  • No decision on share buybacks during the coming period has been taken

Financial reporting calendar

  • Annual Report 2015 available in March 2016

  • Annual General Meeting 2016 – 20 April 2016

  • Interim Report, Q1 2016 – 19 May 2016

  • Interim Report, Q2 2016 – 26 Aug 2016

  • Interim Report, Q3 2016 – 17 Nov 2016

Contact information

Mia Jurke, CEO, East Capital Explorer, +46 8 505 885 32

Lena Krauss, CFO and Head of Investor Relations, East Capital Explorer, +46 73 988 44 66

About East Capital Explorer

East Capital Explorer AB (publ) is a Swedish investment company, created with the aim of bringing unique investment opportunities in Eastern Europe to a broader investor base. The company makes direct investments into primarily private companies and real estate, but has also invested through East Capital’s alternative investment funds. East Capital Explorer’s main investment theme is domestic growth and the Company targets fast growing sectors such as retail, telecom and real estate. 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 08:00 am. CET on 11 February 2016

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