East Capital Explorer AB
Net Asset Value SEK 97.88 per share on 31 December 2009
East Capital Explorer AB / 11.01.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- * On 31 December 2009 the net asset value per share in East Capital Explorer amounted to EUR 9.54 (corresponding to SEK 97.88*). The total net asset value amounted to EUR 338.7m (corresponding to SEK 3,475.1m) * The change in the total net asset value (EUR) was 3.0 percent compared to 30 November 2009 and 27.8 percent year-to-date * Cash, deposits and bonds per share amounted to EUR 2.47 (SEK 25.34), corresponding to a total of EUR 87.7m (SEK 899.8m) of which EUR 49.2m (SEK 504.8m) is available for future investments. In December, an additional EUR 11m was allocated to bonds as a short-term cash management tool * The closing price per share on 30 December 2009 was SEK 67.00 (corresponding to EUR 6.53) * During December, Ernst & Young performed an external valuation of East Capital Explorer's direct investment in Melon Fashion Group (MFG). As of 31 December 2009, the fair value of the holding amounted to EUR 10.4m, corresponding to a change of 4.6 percent The total number of shares in East Capital Explorer on the same date was 35,499,160. This report has not been subject to review by the Company's auditors. The full net asset value report including the portfolio on 31 December 2009 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 2009, 17 February 2010 * Annual Report 2009 available in the week of 5 April 2010 * Annual General Meeting 2010 in Stockholm on 28 April 2010 * Interim Report 1 January - 31 March 2010, 11 May 2010 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 or demands made in the exchange rules. ---------- * 1 EUR = SEK 10.26 on 30 December 2009. Source: Reuters. News Source: NASDAQ OMX 11.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: East Capital Explorer AB Sweden Phone: Fax: E-mail: Internet: ISIN: SE0002158568 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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