East Capital Explorer AB: Göran Bronner proposed as new Board Member of East Capital Explorer

Regulatory News:

The Nomination Committee of East Capital Explorer (STO:ECEX) has resolved to nominate Göran Bronner as new Member of the Board of Directors, to be proposed at an Extraordinary General Meeting around the end of January 2017. The proposal means that the Board will be increased by one member in addition to the four members appointed at the AGM in June 2016; Lars O Grönstedt (Chairman), Peter Elam Håkansson, Liselotte Hjorth and Nadya Wells.

"We are very pleased that Göran Bronner has agreed to be nominated to the board, where his vast experience within banking, investments and real estate, as well as his operational focus will be of great benefit. With this missing piece complete, we believe that the board is well composed and positioned to lead East Capital Explorer on the strategic route it has embarked upon”, says Magnus Lekander, Chairman of East Capital Explorer’s Nomination Committee.

Mr. Göran Bronner (born 1962) has held several leading positions at Swedbank AB, most recently as the bank’s Chief Financial Officer and prior to that as Chief Risk Officer. He has more than 30 years of experience from the global financial markets. He founded Tanglin Asset Management AB and served as the firm’s Chairman and Chief Investment Officer, and has held several positions at SEB in Stockholm, London and Singapore. Today he serves as Board Member of CTT Systems AB. Göran Bronner holds a B.Sc. in Business Administration and Economics from Stockholm University.

An Extraordinary General Meeting will be held in Stockholm around the end of January 2017. The final date will be published in a separate notice of the meeting, in due time prior to the EGM.

East Capital Explorer’s Nomination Committee comprises: Magnus Lekander representing East Capital; David Bliss representing Lazard Asset Management; Mathias Svensson representing Keel Capital; and Lars O Grönstedt, Chairman of East Capital Explorer.

About East Capital Explorer

East Capital Explorer AB (publ) is a Swedish investment company, offering unique investment opportunities in Eastern Europe, where the Baltic countries represent the company’s largest investment region. The company primarily invests in unlisted assets within the private equity and real estate segments. 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 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 information that East Capital Explorer AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation.The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CET on 10 November 2016.

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