East Capital’s funds keep buying Russian banks’ stock

East Capital Bering Russian Fund (one of the Swedish East Capital’s funds) has recently acquired a 17.644% shareholding of Izhevsk-based Ural Trust Bank.

This information was published in compliance with the demand that any issuer and/or a joint stock company mush promptly reveal any data that might influence its stock price.

On June 2, 2008, East Capital Explorer Financial Institution Fund AB raised its share in Bank Severnaya Kazna’s authorized capital from zero to 10.00486%. The bank’s BOD Chairman Vladimir Frolov says the sum of the transaction came to 1 billion RUR.


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