Disclosure of Interest

Equest Investments Balkans Ltd
12 June 2007


COMPANY ANNOUNCEMENT


For Immediate Release                                                                      12th June 2007


Equest Investments Balkans Limited

(the 'Company')

Re:  Disclosure of Interest





The Directors of the Company wish to announce that East Capital Asset Management
AB ('East Capital') has sold 150,000 shares in the Company.  East Capital now
hold 729,825 shares in the Company representing 4.21% of the total shares in
issue.





Enquiries:


Equest Investments Balkans Limited                   Petri Karjalainen

                                                     Naomi Kora
                                                     Phone:  [phone]

RSM Robson Rhodes LLP                                Noeleen Neary
                                                     Phone: + 353 1 436 6400

















This announcement has been issued through the Companies Announcement Service of



                            The Irish Stock Exchange








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