Disclosure of Interests

Equest Investments Balkans Ltd
22 May 2007


COMPANY ANNOUNCEMENT


For Immediate Release



22 May 2007

Equest Investments Balkans Limited

(the 'Company')

Re:  Disclosure of Interest





The Company has been informed that East Capital Asset Management AB ('East
Capital') has sold 100,000 shares in the Company.  East Capital now hold 1,179,
825 shares in the Company representing 6.81% of the total shares in issue.





Enquiries:


Equest Investments Balkans Limited                   Kari Haataja
                                                     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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