East Capital Explorer AB : East Capital Explorer AB - East Capital Explorer to further increase its exposure towards Russian

East Capital Explorer AB : East Capital Explorer AB - East Capital Explorer to
        further increase its exposure towards Russian domestic growth

East Capital Explorer has decided to invest an additional EUR 10m into the
East Capital Russia Domestic Growth Fund at the Fund's next opening on 1
February 2013. This investment represents the Company's third investment into
the Fund since its launch in August 2012, and after this transaction East
Capital Explorer's total investment in the Fund will amount to EUR 40m.

Mia Jurke, CEO East Capital Explorer says:"This investment is in line with our
strategy to increase our exposure towards Russian domestic growth and the East
Capital Russia Domestic Growth Fund will now constitute one of the largest
fund investments in our portfolio."

The strategy of East Capital Russia Domestic Growth Fund is to exploit the
potential of the strong domestic Russian economy, by investing in 10 to 20
companies with a majority of their revenues deriving from Russia. Investments
are made in listed companies with a market capitalization above USD 500m. The
Fund operates across all sectors and invests in securities that are considered
to be undervalued and therefore have significant performance potential.

Contact information:
Mia Jurke, CEO, East Capital Explorer +46 8505885 32
Charlotte Åsberg, Investor Relations Manager, East Capital Explorer +46
8505885 94

Financial reporting calendar - East Capital Explorer:

  oMonthly Net Asset Value report on the fifth working day after the end of
    each month
  oYear-end Report 2012, 14 February 2013
  oAnnual Report 2012 available in April 2013
  oAnnual General Meeting 2013 on 24 April 2013
  oInterim Report, 1 January - 31 March 2013 on 8 May 2013
  oInterim Report, 1 January - 30 June 2013 on 14 August 2013
  oInterim Report, 1 January - 30 September 2013 on 11November 2013

About East Capital Explorer - East Capital Explorer AB (publ) 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 special fund products but it also makes
direct investments into private and public companies. East Capital Explorer's
main investment theme is domestic growth and the Company targets fast growing
sectors such as Retail and Consumer goods, Financials and Real Estate. East
Capital Explorer has appointed East Capital to manage its investment
activities. 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.
It was released for publication at 07:00 a.m. CET on 22 January 2013.

130122 - Press Release

------------------------------------------------------------------------------

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
HUG#1671949