East Capital Financials Fund

1. East Capital Financials Fund East Capital Financials Fund is a private equity fund that aims to benefit from the long-term macroeconomic development and growth of the financial sector in Eastern Europe. Geographically, the focus lies in Russia and other CIS countries. The Fund targets the financial sector, and portfolio companies include primarily banks, but also other financial institutions. Important features for companies in the portfolio are strong management, a leading market position and exposure to growing consumer demand. The fund primarily invests in equity, or derivative instruments with the purpose of acquiring equity, in both private and listed companies. The Fund has completed 21transactions in Russia, Ukraine, Georgia and Kazakhstan, and currently holds 9 investments in the portfolio having merged three banks into one and completed five disposals. Seven of the portfolio companies are banks and one is a collection agency. Besides investments in companies, the Fund has exposure to the debt collection market in Russia through its purchase of debt portfolios. The advisory team actively manages the investments and is represented on the Board of Directors in each respective portfolio company with one exception. The Fund has two groups of investors. One group, comprised of institutional investors, invests directly in the fund Direct Investors, while the other group is comprised of shareholders in the Investor Consortium of the fund. The shares of the Investor Consortium, East Capital Financials Investors AB (publ), are traded OTC at Pareto Securities (former Öhman Fondkommission) in Stockholm, Jefferies International in London and Edmond de Rothschild Securities. IN BRIEF FUND PERFORMANCE PORTFOLIO BY COUNTRY (%) PORTFOLIO BY COMPANY (%) FUND OVERVIEW Fact sheet June 2014 RiskHigh ManagerEast Capital Private Equity AuditorKPMG Launch date31 January, 2006 Fund sizeEUR 500m Quotation Monthly ISINfor Investor Consortium shares only: New: SE0005768553 (from 28 Feb 2014) Old: SE0005337821, SE0001599622 Structure Closed-end fund structured as a Swedish limited liability company (Investor Consortium shares traded OTC) Term 7+3 years (Currently 31 January 2016) Sector focus Minority positions in companies in the financial sector Geographical focus Eastern Europe and CIS Management fee 2% Profit sharing Investors 80% East Capital 20% at exit Hurdle rate 7% (50/50 catch-up) Dividends Limited Liquidity Limited. An investment shall be regarded as a long-term 12 months rolling performance Please be informed that the NAV per share excludes investor consortium redemptions of EUR 121.5 per share (total accumulated redemptions paid out per investor consortium share). Performance in the table represents a dividend adjusted NAV of EUR 326.5 per share and a dividend adjusted OTC price. * Dividend adjusted performance is represented by dashed lines in the performance graphs Since inception East Capital Private Equity | Box 1364, 111 93 Stockholm, Sweden | Tel: +46 8 505 97 777 Fax: +46 8 505 88 590 | funds@eastcapital.com | www.eastcapital.com

2. Probusinessbank Probusinessbank ranks among the top 40 Russian banks, and is headquartered in Moscow with a nationwide presence through its six regional subsidiary banks all working under "Life" brand. The group has an excellent distribution network with over 713 offices in 60 regions in Russia. Probusinessbank is a consolidator with good track record in acquiring and integrating regional banks. Value drivers: profitability increase through lower C/I and improved asset quality, strong distribution network with highly motivated sales forces, non-organic growth. • Total assets: EUR 3 789.4mb • Total equity: EUR 383.3mb • Rating: B- from Fitch Ratings • Ownership stake: 19.93% • Acquisition date: November 2006 • http://www.prbb.ru/en/information/news/ Asian-Pacific Bank Asian - Pacific Bank has now merged with our other two banks in the Russian Far East. It has headquarters in Blagoveschensk and ranks among the top 100 Russian banks. The bank operates in 18 regions with 316 offices focusing on retail and SME clients. Asian - Pasific Bank is a consolidator with strong shareholders and with experience merging regional banks.Value drivers: profitability increase from merger synergies, non-organic and organic growth in Russian Far East and Siberia. • Total assets: EUR 2 422.1ma • Total equity: EUR 300.1ma • Rating: B2 from Moody´s • Ownership stake: 17.91% • Acquisition date: December 2006 • http://www.atb.su/ Locko Bank Locko Bank is a Moscow based bank with an established SME franchise. During the last two years the Bank has also started to develop retail banking. The bank has a network of 62 branches in the European part of Russia. The bank has a proven track record of profitable growth, operational efficiency and good asset quality. Locko Bank is working closely with EBRD, IFC and KfW in various SME and trade finance programs and IFC is also a shareholder of the bank with 15% stake. Value drivers: strong SME franchise, good platform to build retail banking, strong shareholders to support non-organic growth • Total assets: EUR 1 598.1ma • Total equity: EUR 218.7ma • Rating: B+ from Fitch Ratings • Ownership stake: 11.06% • Acquisition date: September 2006 • http://www.lockobank.ru/eng/ Akibank Akibank is a regional bank in the Russian Republic of Tatarstan, headquartered in NaberezhyeChelny. The bank has a strong market position servicing big industrial groups and SME clients in the region through 32 offices. The bank is looking into opportunities to expand its operations through acquisition in neighboring regions.Value drivers: non-organic growth, organic growth in Moscow with reinforced management team, profitability increase • Total assets: EUR 568.3mb • Total equity: EUR 90.9mb • Rating: B3 from Moody's • Ownership stake: 18.56% • Acquisition date: June 2007 • http://www.akibank.ru/ FIA-Bank FIA-Bank is based in the Samara region with 19 offices servicing retail and SME clients. The bank has strong brand recognition in the region and a growing client base. FIA-Bank is an attractive partner for banks seeking regional expansion in retail banking.Value drivers: loan and deposit growth based on strong retail platform and brand recognition, recovery of auto industry • Total assets: EUR 403.1md • Total Equity: EUR 51.9md • Rating: - • Ownership stake: 20.00% • Acquisition date: April 2008 • http://www.fiabank.ru/

3. Pivdennyi Bank Pivdennyi is the largest bank in the Odessa region with 30% market share in the South of Ukraine. The bank has a strong regional brand with loyal corporate and retail clientele. The growing Black Sea trade routes offer good growth prospects for the bank to further expand its corporate banking business.Value drivers: develop SME business and retail lending, profitability increase • Total assets: EUR 1 282.0mb • Total equity: EUR 160.3mb • Rating: B- from Fitch, B3 from Moody’s • Ownership stake: 9.98% • Acquisition date: January 2008 • http://en.bank.com.ua/ Nadra Bank Nadra is the 11th largest bank in Ukraine. It is a universal commercial bank with a nationwide branch network focusing on the mass retail market. In 2006-2007, Nadra underwent a major rebranding and re-launch of its retail product line, which was very successful but the bank experienced severe deposit outflows in late 2008 and the subsequent deterioration of assets led to a distressed situation. The bank was under temporary administration until August 2011, but has since regained its full operational status. • Ownership stake: 0.66% • Acquisition date: August 2006 • http://www.nadrabank.ua/eng/to-you Morgan & Stout Morgan & Stout (M&S) is a Moscow based debt collection agency that was established in April 2007. M&S offers the full spectrum of debt collection services focusing on early phase soft collection and legal services. The company has two main business lines - credit management services and purchased debt. M&S has firmly established itself as one of the top 5 collection companies in Russia with diversified client base consisting of retail banks, telecom and utilities companies.Value drivers: diverse CMS business, high collection efficiency, good technical platform for rapid expansion • Portfolios under management: EUR 1 277mc • Total revenues: EUR 11.1mc • Ownership stake: 54.27% • Acquisition date: July 2008 • http://www.morganstout.com/en/ a 1Q2014 Audited IFRS b YE2013 Audited IFRS c YE2013 Management accounts d 1Q2014 Preliminary RAS a 1H2010 unaudited IFRS report b Audited 2009YE IFRS c The bank has completed a merger with Kamchatprombank and Kolyma Bank in May 2010, the common balance sheet is not publicly available yet

4. Important NoticeThese notes should not be used as a basis for investment. Information and advice in this publication is based on sources that East Capital deem reliable, but East Capital can under no circumstances be answerable for the totality or correctness of the information, or for direct or indirect loss that can occur as a result of mistakes or discrepancies therein. Investment in funds is always associated with risks. Historic yields are no guarantee of future yields. Fund units can go up or down in value, and there is no guarantee that investors will get back all capital invested. As East Capital invests in foreign markets, currency fluctuations can affect the funds’ values. Fund information brochures can be obtained from East Capital.