Silvano Group AS

Według danych Bloomberga, średnia cena docelowa Silvano wynosi obecnie 1,60 euro. (PAP Biznes)

doa/ ana/

Proponowanym dniem prawa do dywidendy jest 17 maja. Wypłata 0,10 euro na akcję ma nastąpić do 20 maja, a kolejna wypłata w tej wysokości do 10 października.

W 2018 roku akcjonariusze Silvano Fashion Group zdecydowali o wypłaceniu 0,20 euro dywidendy na akcję. (PAP Biznes)

doa/ asa/

Podstawa prawna: The Management Board of AS Silvano Fashion Group, registry code 10175491, registered address Tulika 15/17, 10613 Tallinn, (hereinafter also SFG) convenes an annual general meeting of shareholders on 3 May 2019 at 10:00 (Estonian time) in Hilton Park Hotel conference hall "Atlantic City", address Fr. R. Kreutzwaldi 23, 10147 Tallinn, Estonia.

The registration of participants of the General Meeting starts at 09:30 (Estonian time) at the venue of the meeting.

I Agenda

Pursuant to the resolution adopted by the SFG's Supervisory Board on 22 March 2019, the general meeting will have the following agenda:

1. Approval of the 2018 Annual Report of AS Silvano Fashion Group;

2. Distribution of the 2018 profit of AS Silvano Fashion Group;

3. Recalling of Ants Susi from the Supervisory Board;

4. Election of Triin Nellis as the new member of the Supervisory Board;

5. Supervisory board remuneration;

6. Amendment of the Articles of Association;

7. Increase of the share capital of AS Silvano Fashion Group.

II Proposals of the Management Board and the Supervisory Board

The Management Board and the Supervisory Board make the following proposals to the shareholders with regard to the agenda:

1. Approval of the 2018 Annual Report of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

1. To approve the 2018 Annual Report of AS Silvano Fashion Group.

2. Distribution of the 2018 profit of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

2.1. To approve the profit of the 2018 financial year in the amount of EUR 10,796,000;

2.2. Not to make any allocations from the 2018 profit of AS Silvano Fashion Group into the reserve capital of AS Silvano Fashion Group or any other reserves previewed by law or the articles of association;

2.3. To distribute the profit by paying dividends to the shareholders of AS Silvano Fashion Group as follows:

2.3.1. Shareholders entitled to dividends include persons entered in the Company's share register on 17 May 2019 as at the end of the working day of the settlement system. The ex-date is 16 May 2019; as of this date a person who acquired shares is not entitled to dividends for the 2018 financial year.

2.3.2. To pay to the entitled shareholders of AS Silvano Fashion Group as dividends EUR 0.20 per share as follows:

2.3.3. to pay dividends EUR 0.10 per share by 20 May 2019 latest;

2.3.4. to pay dividends EUR 0.10 per share by 10 October 2019 latest;

2.4. To allocate the rest of the profit of AS Silvano Fashion Group from the 2018 financial year into the undistributed profit of previous periods.

3. Recalling Ants Susi from the Supervisory Board

Proposal of the Management Board and the Supervisory Board:

3.1 To recall Mr. Ants Susi from the Supervisory Board of SFG. The authorities of Mr. Ants Susi as the member of the Supervisory Board of SFG shall be deemed to have expired as of May 3, 2019.

4. Election of Triin Nellis as the new member of the Supervisory Board

4.1. To elect Triin Nellis as the new member of the Supervisory Board of SFG, whose term of office shall start on May 3, 2019 and expire on June 30, 2021.

5. Supervisory board remuneration

5.1. To amend the remuneration policy of the supervisory board members, approved by the shareholders' meeting on June 30, 2012 as follows:

- To assign monthly gross remuneration of 5,000 euros for the chairman of the supervisory board;

- To assign monthly gross remuneration of 2,000 euros for the supervisory board;

6. Amendments to the Articles of Association

To amend the Articles of Association due to the changes in the share capital of the Company:

6.1. To amend section 2.2. of the Articles of Association and reinstate it in the following wording: "All shares of the Company are registered shares. The nominal value of a registered share is 0,20 (twenty) cents. A share grants 1 (one) vote at the General Meeting. ".

6.2. To approve the new version of the Articles of Association as attached.

7. Increase of the share capital of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

7.1. The share capital of SFG shall be increased by 3,600,000 EUR from 3,600,000 EUR to 7 200 000 EUR by the increase of the nominal value of existing shares by 0,10 EUR per share, i.e. from 0.10 EUR to 0.20 EUR.

7.2. The share capital of SFG shall be increased via a bonus issue on the account of the share premium. The bonus issue shall be carried out on the basis of the 2018 annual report, that has been approved by the shareholders together with the decision on the distribution of profit. The bonus issue shall be carried out on the account of the share premium in the amount of 3,600,000 EUR. After the bonus issue, the new size of the share capital shall be 7,200,000 EUR that is divided into 36,000,000 shares with the nominal value of 0,20 EUR each share.

7.3. The list of shareholders who shall be entitled to participate in the bonus issue shall be fixed as at 17 May 2019 as at the end of the working day of the settlement system. The ex date is 16 May 2019; as of this date a person who acquired shares is not entitled to participate in the bonus issue. The increase of the nominal value of the shares shall take place immediately after the registration of the share capital increase with the Commercial Register.

III Organizational questions

The list of the shareholders entitled to participate in the ordinary general meeting shall be fixed 7 days prior to the date of the General Meeting, i.e. on 25 April 2019 as at the end of the working day of the settlement system. (Estonian time).

At the General Meeting, a shareholder is entitled to receive information from the Management Board about the activities of SFG. The Management Board may decide to withhold information if there is a reason to believe that the disclosure of information may cause significant damage to the interests of SFG. If the Management Board refuses to disclose information, the shareholder may demand from the General Meeting to adopt a resolution regarding to the lawfulness of the information request or file a petition to a court of law within two weeks of the General Meeting requesting the court for the ruling requiring the Management Board to disclose the information.

The shareholders whose shares represent at least 1/20 of the share capital may request for additional items to be included in the agenda of the General Meeting, if the respective request is submitted in writing at least 15 days prior to the General Meeting.

The shareholders whose shares represent at least 1/20 of the share capital may present their draft resolutions to each item in the agenda in writing no later than 3 days before the General Meeting.

Draft resolution regarding to the agenda items and other documents presented to the General Meeting (including annual report, report of the sworn auditor, profit distribution proposal and report of the Supervisory Board) are available for examination on every working day as of the notification of the General Meeting until the business day preceding the day of the General Meeting at the headquarters of the Company at Tulika 15/17, Tallinn on business days from 10 a.m. until 3 p.m. (Estonian time).

On the day of the General Meeting the materials related to the agenda of the General Meeting are available for examination at the venue of the General Meeting as of the opening of registration of participants until the end of the General Meeting. In order to examine the documents: (1) the shareholders who are natural persons are required to present a document verifying their identity and their representatives are additionally required to present the power of attorney in written form; (2) the representatives of the shareholders who are legal entities shall present (a) an extract from the registry where the legal entity is registered; and (b) a document verifying the identity of representative; and (c) in case of representation on the basis of proxy, also a power of attorney.

Documents and data which are disclosed according to Article 2941 of the Estonian Commercial Code, including the Annual Report, report of the sworn auditor, profit distribution proposal, report of the Supervisory Board, draft resolutions regarding to the agenda items, data on the Company's shares and voting rights related to the shares as of the date of the notice on the convening of the General Meeting and the templates of power of attorney are available on the homepage of the Company: http://www.silvanofashion.com.

The following documents must be submitted to participate in the General Meeting:

- the shareholders who are natural persons shall present a document verifying their identity and their representatives shall present the power of attorney in written form;

- the representatives of the shareholders who are legal entities shall present (a) an extract from the registry where the legal entity is registered; and (b) a document verifying the identity of representative; (c) in case of representation on the basis of proxy, also a power of attorney.

Unless otherwise provided by a foreign agreement, a document issued by a foreign authority shall be duly apostilled or legalized. Documents in foreign language should be accompanied by the translation into Estonian, verified by relevant institution.

Prior to the General Meeting the shareholder may notify the Company of the appointment of a representative or the revocation of the representative's authority by sending a digitally signed e-mail message to info@silvanofashion.com or by delivering the information in person on workdays between 10 a.m. to 3 p.m. (Estonian time) or via mail to AS Silvano Fashion Group, Tulika 15/17, 10613 Tallinn, Estonia by 5 p.m. (Estonian time) on the business day preceding the day of the General Meeting.

For any information regarding the general meeting of the shareholders or the agenda items, please contact Jarek Särgava (e-mail info@silvanofashion.com; phone +372 6845 000).

Jarek Särgava

Member of the Board

Silvano Fashion Group

E-mail: info@silvanofashion.com

Tel: +372 684 5000; Fax: +372 684 5300

Address: Tulika 15/17, 10613 Tallinn, Estonia

http://www.silvanofashion.com

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Podstawa prawna: The Supervisory Board of Silvano Fashion Group AS approved on the meeting held on 22.03.2019 the Annual Report for 2018 and profit allocation proposal for the year 2018 of AS Silvano Fashion Group for presentation on the annual shareholders meeting. The financial results remain unchanged compared to unaudited figures published on 28.02.2019.

The consolidated audited Annual Report for 2018 of Silvano Fashion Group AS is available on the websites of Nasdaq Baltic www.nasdaqbaltic.com and SFG www.silvanofashion.com.

Jarek Särgava

Silvano Fashion Group AS

Member of the Board

Phone +372 6845 000

Email: info@silvanofashion.com

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On 29 October 2018 the decrease of the share capital of AS Silvano Fashion Group was registered in the Commercial Register based on the resolution adopted by the general meeting of shareholders held on 28 June 2018.

Pursuant to the resolution of the general meeting of shareholders the share capital will be decreased by 7 200 000 euros from 10 800 000 euros to 3 600 000 euros. The share capital will be decreased by reducing the book value of the shares by 0.20 euro. The total number of the shares of the company will not change and the book value of shares shall be reduced proportionately to the reduction of the share capital. As a result of the decrease of the share capital, the share capital of AS Silvano Fashion Group will be 3 600 000 euros.

The share capital reduction in the amount of 7 200 000 euros (0.20 euro per share) will be paid out to the shareholders on 30 January 2019. For the own shares owned by AS Silvano Fashion Group no payments shall be made to the company.

The list of shareholders entitled to receive the payments from the reduction of the share capital was fixed on 17 July 2018 at the end of the working day of the settlement system.

Jarek Särgava

Board member

Silvano Fashion Group

Tel. +372 680 1396

jarek.sargava@silvanofashion.com

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The Supervisory Board of AS Silvano Fashion Group decided on a meeting 02.11.2018

to change the members of the audit committee. The Supervisory Board decided to set up a two-member Audit Committee and elect Otto Tamme (Chairman of the Audit Committee) and Risto Mägi as members of the Committee.

Jarek Särgava

Board member

Silvano Fashion Group

Tel. +372 680 1396

jarek.sargava@silvanofashion.com

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Podstawa prawna: AS Silvano Fashion Group (trading code SFG1T, ISIN code ISIN EE100001751)will close the list of shareholders for payment for the decrease of the share capital on 17.07.2018 at the end of the working day of the settlement system.

Proceeding from the above, the ex-date is 16.07.2018. From that date the new owner of the shares is not entitled to payments resulting from the decrease of share capital.

The payment for the decrease of the share capital shall be made in the amount of 0.20 euros per share. The payments to the shareholders shall be made no sooner than three months after the registration of the reduction of the share capital with the commercial register, but, at the latest, three months and 14 calendar days after the registration of the reduction of the share capital with the commercial register, provided that the claims of creditors who submitted their claims during the term are secured or satisfied.

Jarek Särgava

Silvano Fashion Group

Member of the Board

E-mail: info@silvanofashion.com

Tel: +372 684 5000;

Fax: +372 684 5300;

Address: Tulika 15/17, 10613 Tallinn

http://www.silvanofashion.com

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Podstawa prawna: AS Silvano Fashion Group (trading code SFG1T, ISIN code ISIN EE100001751) will close the list of shareholders for dividend payment on 17.07.2018 at the end of the working day of the settlement system.

Proceeding from the above, the ex-date is 16.07.2018. From that date the new owner of the shares is not entitled to dividends for the year 2017.

AS Silvano Fashion Group will pay dividend 0,20 euros per share on latest 24.07.2018.

Jarek Särgava

Silvano Fashion Group

Member of the Board

E-mail: info@silvanofashion.com

Tel: +372 684 5000;

Fax: +372 684 5300;

Address: Tulika 15/17, 10613 Tallinn

http://www.silvanofashion.com

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The annual general meeting of shareholders of AS Silvano Fashion Group (hereinafter SFG) was held on June 28, 2018, at 10:00 noon at Radisson Blu Hotel Olümpia conference hall "Gamma" (Liivalaia 33, Tallinn, Estonia) (hereinafter Meeting).

The agenda of the Meeting contained the items set out in the notice of the Meeting published on June 5, 2018 via the information system of NASDAQ OMX Tallinn and Warsaw Stock Exchange, and on June 6, 2018 on the website of SFG and in the daily newspaper Eesti Päevaleht, including adoption of the 2017 Annual Report, distribution of profit, election of the auditor, reduction of the share capital, amendments to the Articles of Association and extension of authority of the member of the supervisory board.

The Meeting started at 10:00 and ended at 10:30. Thirty two (32) shareholders attended the Meeting representing 20 173 513 votes, constituting 56.04% of the voting rights of the company. Therefore the Meeting was eligible to pass resolutions regarding the items on the agenda of the Meeting.

The following resolutions were passed at the Meeting:

Item 1: Approval of the 2017 Annual Report of SFG

The Meeting decided:

1. To approve the Annual Report of SFG for 2017 financial year.

Tabulation of the votes:

For: 20 162 997 votes, representing 99.95% of the votes of the AGM;

Against: 0 votes, representing 0% of the votes of the AGM;

Impartial: 0 votes, representing 0% of the votes of the AGM;

Did not vote: 10 516 votes, representing 0.05% of the votes of the AGM.

Item 2: Distribution of the 2017 profit of SFG

The meeting decided:

2.1. To approve the profit of the 2017 financial year in amount of EUR 10 914 000;

2.2. To make no allocations from the 2017 profit of AS Silvano Fashion Group into the reserve capital of AS Silvano Fashion Group. Following the reduction of the share capital, the reserve capital of AS Silvano Fashion Group will correspond to the requirements provided in Article 336(2) of the Estonian Commercial Code;

2.3.To distribute the profit by paying dividends to the shareholders of AS Silvano Fashion Group as follows:

2.3.1. Shareholders entitled to dividends include persons entered in the Company's share register on 17 July 2018 as at the end of the working day of the settlement system. The ex-date is 16 July 2018; as of this date a person who acquired shares is not entitled to dividends for the 2017 financial year.

2.3.2. EUR 0.20.- per share shall be payable to the entitled shareholders as a dividend at the latest on 24 July 2018;

2.4 To allocate the rest of the profit of AS Silvano Fashion Group from the 2017 financial year into the undistributed profit of previous periods.

Tabulation of the votes:

For: 20 173 513 votes, representing 100% of the votes of the AGM;

Against: 0 votes, representing 0% of the votes of the AGM;

Impartial: 0 votes, representing 0% of the votes of the AGM;

Did not vote: 0 votes, representing 0% of the votes of the AGM.

Item 3: Election of the auditor of AS Silvano Fashion Group for 2018 and 2019 fiscal years and determination of auditor's fee

The meeting decided:

3.1. To elect audit company Ernst&Young; Baltic AS (registry code 10877299, address Rävala puiestee 4, 10143 Tallinn) as the auditor of AS Silvano Fashion Group.

3.2. To authorize the Management Board of AS Silvano Fashion Group to sign an auditing agreement with the audit company AS Ernst&Young; Baltic for the auditing of AS Silvano Fashion Group 2018 and 2019 business activities.

Tabulation of the votes:

For: 20 166 513 votes, representing 99.97% of the votes of the AGM;

Against: 0 votes, representing 0% of the votes of the AGM;

Impartial: 7 000 votes, representing 0.03% of the votes of the AGM;

Did not vote: 0 votes, representing 0% of the votes of the AGM.

Item 4: Extension of authority of the member of the supervisory board

The meeting decided:

4.1 To extend authority of the supervisory board member Mr. Mart Mutso for the

next term of authority starting from 1 July 2018 till 30 June 2023.

Tabulation of the votes:

For: 20 173 513 votes, representing 100% of the votes of the AGM;

Against: 0 votes, representing 0% of the votes of the AGM;

Impartial: 0 votes, representing 0% of the votes of the AGM;

Did not vote: 0 votes, representing 0% of the votes of the AGM.

Item 5: Amendments to the Articles of Association

The meeting decided:

5.1. To amend the first sentence of Section 2.1 of the Articles of Association of the Company and approve the sentence of Section 2.1 in the following wording:

5.1.1. The minimum amount of the share capital of the Company shall be EUR three million six hundred thousand(3,600,000) and the maximum amount of the share capital shall be EUR fourteen million four hundred thousand (14,400,000).

5.2. To amend the second sentence of Section 2.2 of the Articles of Association of the Company and approve the second sentence of Section 2.2 in the following wording:

5.2.1. The nominal value of each share is 0.10 euros.

Tabulation of the votes:

For: 20 173 513 votes, representing 100% of the votes of the AGM;

Against: 0 votes, representing 0% of the votes of the AGM;

Impartial: 0 votes, representing 0% of the votes of the AGM;

Did not vote: 0 votes, representing 0% of the votes of the AGM.

Item 6: Reduction of the share capital of SFG

The meeting decided:

6.1. The share capital will be decreased by reducing the book value of the shares by 0.20 euros per share.

6.2. Upon decrease of the share capital to make payments to the shareholders in the amount of 0.20 euros per share. No payments shall be made to the Company for own shares. The payments to the shareholders shall be made no sooner than three months after the registration of the reduction of the share capital with the commercial register, but, at the latest, three months and 14 calendar days after the registration of the reduction of the share capital with the commercial register, provided that the claims of creditors who submitted their claims during the term are secured or satisfied.

6.3. The share capital is decreased to improve the structure of capital in order to bring the amount of the share capital into alignment with the volume of business and strategic goals. The reduced amount of the share capital is in compliance with the requirements set out by the legislation and the articles of association.

6.4. The list of shareholders who shall be entitled to payments as a result of the decreasing of the share capital will be fixed as of 17 July 2018 as at the end of the working day of the settlement system. The ex-date is 16 July 2018: as of this date a person who acquired shares is not entitled to payments as a result of the decrease of share capital.

Tabulation of the votes:

For: 20 165 513 votes, representing 99.96% of the votes of the AGM;

Against: 0 votes, representing 0% of the votes of the AGM;

Impartial: 500 votes, representing 0.00% of the votes of the AGM;

Did not vote: 7 500 votes, representing 0.04% of the votes of the AGM.

The resolutions were adopted at the Meeting following the procedure for passing of resolutions set forth in laws and in the Articles of Association of the Company.

The protocol of the meeting, and related documents shall be made available to investors within 1 (one) week from the Meeting at SFG website .

Jarek Särgava


Silvano Fashion Group


Member of the Board

E-mail: info@silvanofashion.com


Tel: +372 684 5000; Fax: +372 684 5300


Address: Tulika 15/17, 10613 Tallinn, Estonia 


http://www.silvanofashion.com

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The Management Board of AS Silvano Fashion Group, registry code 10175491, registered address Tulika 15/17, 10613 Tallinn, (hereinafter SFG) convenes an annual general meeting of shareholders on 28 June 2018 at 10:00 (Estonian time) in Radisson Blu Hotel Olümpia conference hall "Gamma", address Liivalaia 33, 10118 Tallinn, Estonia.

The registration of participants of the General Meeting starts at 09:30 (Estonian time) at the venue of the meeting.

I Agenda

Pursuant to the resolution adopted by the SFG Group's Supervisory Board on 22 May 2018, the general meeting will have the following agenda:

1. Approval of the 2017 Annual Report of AS Silvano Fashion Group;

2. Distribution of the 2017 profit of AS Silvano Fashion Group;

3. Election of the auditor of AS Silvano Fashion Group for 2018 and 2019 fiscal years and determination of auditor's fee;

4. Extension of authority of the member of the supervisory board;

5. Amendments to the Articles of Association;

6. Reduction of the share capital of AS Silvano Fashion Group.

II Proposals of the Management Board and the Supervisory Board

The Management Board and the Supervisory Board make the following proposals to the shareholders with regard to the agenda:

1. Approval of the 2017 Annual Report of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

1.1. To approve the 2017 Annual Report of AS Silvano Fashion Group.

2. Distribution of the 2017 profit of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

2.1. To approve the profit of the 2017 financial year in amount of EUR 10 914 000;

2.2. To make no allocations from the 2017 profit of AS Silvano Fashion Group into the reserve capital of AS Silvano Fashion Group. Following the reduction of the share capital, the reserve capital of AS Silvano Fashion Group will correspond to the requirements provided in Article 336(2) of the Estonian Commercial Code;

2.3. To distribute the profit by paying dividends to the shareholders of AS Silvano Fashion Group as follows:

2.3.1. Shareholders entitled to dividends include persons entered in the Company's share register on 17 July 2018 as at the end of the working day of the settlement system. The ex-date is 16 July 2018; as of this date a person who acquired shares is not entitled to dividends for the 2017 financial year.

2.3.2. EUR 0.20.- per share shall be payable to the entitled shareholders as a dividend at the latest on 24 July 2018;

2.4. To allocate the rest of the profit of AS Silvano Fashion Group from the 2017 financial year into the undistributed profit of previous periods.

3. Election of the auditor of AS Silvano Fashion Group for 2018 and 2019 fiscal years and determination of auditor's fee

Proposal of the Management Board and the Supervisory Board:

3.1. To elect audit company Ernst&Young; Baltic AS (registry code 10877299, address Rävala puiestee 4, 10143 Tallinn) as the auditor of AS Silvano Fashion Group.

3.2. To authorize the Management Board of AS Silvano Fashion Group to sign an auditing agreement with the audit company AS Ernst&Young; Baltic for the auditing of AS Silvano Fashion Group 2018 and 2019 business activities.

4. Extension of authority of the member of the supervisory board

Proposal of the Management Board and the Supervisory Board:

4.1 To extend authority of the supervisory board member Mr. Mart Mutso for the

next term of authority starting from 1 July 2018 till 30 June 2023.

5. Amendments to the Articles of Association

To amend the articles of Association due to the reason that the share capital of the Company will be changed:

5.1. To amend the first sentence of Section 2.1 of the Articles of Association of the Company and approve the sentence of Section 2.1 in the following wording:

5.1.1. The minimum amount of the share capital of the Company shall be EUR three million six hundred thousand(3,600,000) and the maximum amount of the share capital shall be EUR fourteen million four hundred thousand (14,400,000).

5.2. To amend the second sentence of Section 2.2 of the Articles of Association of the Company and approve the second sentence of Section 2.2 in the following wording:

5.2.1. The nominal value of each share is 0.10 euros.

5.3. To approve the new version of the Articles of Association as attached.

6. Reduction of the share capital of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

6.1. The share capital will be decreased by reducing the book value of the shares

by 0.20 euros per share.

6.2. Upon decrease of the share capital to make payments to the shareholders in the amount of 0.20 euros per share. No payments shall be made to the Company for own shares. The payments to the shareholders shall be made no sooner than three months after the registration of the reduction of the share capital with the commercial register, but, at the latest, three months and 14 calendar days after the registration of the reduction of the share capital with the commercial register, provided that the claims of creditors who submitted their claims during the term are secured or satisfied.

6.3. The share capital is decreased to improve the structure of capital in order to bring the amount of the share capital into alignment with the volume of business and strategic goals. The reduced amount of the share capital is in compliance with the requirements set out by the legislation and the articles of association.

6.4. The list of shareholders who shall be entitled to payments as a result of the decreasing of the share capital will be fixed as of 17 July 2018 as at the end of the working day of the settlement system. The ex-date is 16 July 2018: as of this date a person who acquired shares is not entitled to payments as a result of the decrease of share capital.

III Organizational questions

The list of the shareholders entitled to participate in the ordinary general meeting shall be fixed 7 days prior to the date of the General Meeting, i.e. on 21 June 2018 as at the end of the working day of the settlement system. (Estonian time).

At the General Meeting, a shareholder is entitled to receive information from the Management Board about the activities of SFG. The Management Board may decide to withhold information if there is a reason to believe that the disclosure of information may cause significant damage to the interests of SFG. If the Management Board refuses to disclose information, the shareholder may demand from the General Meeting to adopt a resolution regarding to the lawfulness of the information request or file a petition to a court of law within two weeks of the General Meeting requesting the court for the ruling requiring the Management Board to disclose the information.

The shareholders whose shares represent at least 1/20 of the share capital may request for additional items to be included in the agenda of the General Meeting, if the respective request is submitted in writing at least 15 days prior to the General Meeting.

The shareholders whose shares represent at least 1/20 of the share capital may present their draft resolutions to each item in the agenda in writing no later than 3 days before the General Meeting.

Draft resolution regarding to the agenda items and other documents presented to the General Meeting (including annual report, report of the sworn auditor, profit distribution proposal and report of the Supervisory Board) are available for examination on every working day as of the notification of the General Meeting until the business day preceding the day of the General Meeting at the headquarters of the Company at Tulika 15/17, Tallinn on business days from 10 a.m. until 3 p.m. (Estonian time).

On the day of the General Meeting the materials related to the agenda of the General Meeting are available for examination at the venue of the General Meeting as of the opening of registration of participants until the end of the General Meeting. In order to examine the documents: (1) the shareholders who are natural persons are required to present a document verifying their identity and their representatives are additionally required to present the power of attorney in written form; (2) the representatives of the shareholders who are legal entities shall present (a) an extract from the registry where the legal entity is registered; and (b) a document verifying the identity of representative; and (c) in case of representation on the basis of proxy, also a power of attorney.

Documents and data which are disclosed according to Article 2941 of the Estonian Commercial Code, including the Annual Report, report of the sworn auditor, profit distribution proposal, report of the Supervisory Board, draft resolutions regarding to the agenda items, data on the Company's shares and voting rights related to the shares as of the date of the notice on the convening of the General Meeting and the templates of power of attorney are available on the homepage of the Company: http://www.silvanofashion.com.

The following documents must be submitted to participate in the General Meeting:

- the shareholders who are natural persons shall present a document verifying their identity and their representatives shall present the power of attorney in written form;

- the representatives of the shareholders who are legal entities shall present (a) an extract from the registry where the legal entity is registered; and (b) a document verifying the identity of representative; (c) in case of representation on the basis of proxy, also a power of attorney.

Unless otherwise provided by a foreign agreement, a document issued by a foreign authority shall be duly apostilled or legalized. Documents in foreign language should be accompanied by the translation into Estonian, verified by relevant institution.

Prior to the General Meeting the shareholder may notify the Company of the appointment of a representative or the revocation of the representative's authority by sending a digitally signed e-mail message to info@silvanofashion.com or by delivering the information in person on workdays between 10 a.m. to 3 p.m. (Estonian time) or via mail to AS Silvano Fashion Group, Tulika 15/17, 10613 Tallinn, Estonia by 5 p.m. (Estonian time) on the business day preceding the day of the General Meeting.

For any information regarding the general meeting of the shareholders or the agenda items, please contact Jarek Särgava (e-mail info@silvanofashion.com; phone +372 6845 000).

Jarek Särgava

Member of the Board

Silvano Fashion Group

E-mail: info@silvanofashion.com

Tel: +372 684 5000; Fax: +372 684 5300

Address: Tulika 15/17, 10613 Tallinn, Estonia

http://www.silvanofashion.com

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AS Silvano Fashion Group (trading code SFG1T, ISIN code ISIN EE100001751) will close the list of shareholders for dividend payment on 26.01.2018 at the end of the working day of the settlement system.

Proceeding from the above, the ex-date is 25.01.2018. From that date the new owner of the shares is not entitled to dividends for the year 2016.

AS Silvano Fashion Group will pay dividend 0,30 euros per share on 29.01.2018.

Jarek Särgava

Silvano Fashion Group

Member of the Board

E-mail: info@silvanofashion.com

Tel: +372 684 5000;

Fax: +372 684 5300;

Address: Tulika 15/17, 10613 Tallinn

http://www.silvanofashion.com

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The Management Board of AS Silvano Fashion Group, registry code 10175491, registered address Tulika 15/17, 10613 Tallinn, (hereinafter "SFG") held an Extraordinary General Meeting (hereinafter: "EGM") of shareholders on 12th of January 2018 at 11:00 (Estonian time) in Nordic Hotel Forum conference hall "Arcturus", address Viru väljak 3, Tallinn, Estonia. The meeting started at 11:00 and ended at 11:30. The meeting was held in the Estonian language.

Notice convening the meeting was published 20/12/2017 on the website of the Tallinn Stock Exchange, Warsaw Stock Exchange Information System and Silvano Fashion Group website www.silvanofashion.com and 21/12/2017 in the daily newspaper "Eesti Päevaleht".

According to the notice convening the meeting was based on the weighting of votes in the Estonian Central Register of electronic extract from the list of shareholders as of 4 January 2018, at 20:00, and at the start of the meeting the participants registration form. AS Silvano Fashion Group share capital is 10.8 million euros and the total number of shares is 36 000 000, EUR 0.30 per share.

Twenty six (26) shareholders attended the Meeting representing 22 837 926 votes, constituting 63,44% of the voting rights of the company. Thus, the meeting had a quorum.

Resolutions adopted at the meeting:

1. The amendment of the profit distribution decision approved by the Annual General Meeting held on 29th of June 2017 and additional distribution of profit of AS Silvano Fashion Group.

To distribute the profit by paying dividends to the shareholders from the profit of the company based on the approved annual report of 2016 as follows:

1.1. The list of shareholders of AS Silvano Fashion Group entitled to profit distribution shall be fixed on 26th of January 2018 end of day of settlement systems (dividend´s ex-day 25.01.).

1.2. EUR 0.30 per share shall be payable to the entitled shareholders as a dividend at the latest on 29th of January 2018.

Voting results:

In favor: 22 835 466 votes or 99,99% of the represented votes at the meeting

and 63,43% of total share capital

Against: 0 votes or 0,00% of the votes represented at the meeting

and 0% of the total share capital

Impartial: 0 votes or 0,00% of the represented votes at the meeting

and 0,00% of total share capital

Did not vote: 2 460 votes, or 0,01% of the votes represented at the meeting

and 0,01% of the total share capital

The resolutions were adopted at the Meeting following the procedure for passing of resolutions set forth in laws and in the Articles of Association of the Company.

The protocol of the meeting, and related documents shall be made available to investors within 1 (one) week from the Meeting at SFG website www.silvanofashion.com

Jarek Särgava

Silvano Fashion Group

Member of the Board

E-mail: info@silvanofashion.com

Tel: +372 684 5000;

Fax: +372 684 5300;

Address: Tulika 15/17, 10613 Tallinn

http://www.silvanofashion.com

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The Management Board of AS Silvano Fashion Group, registry code 10175491, registered address Tulika 15/17, 10613 Tallinn, (hereinafter "SFG") convenes an Extraordinary General Meeting (hereinafter: "EGM") of shareholders on 12th of January 2017 at 11:00 (Estonian time) in Nordic Hotel Forum conference hall "Arcturus", address Viru väljak 3, Tallinn, Estonia.

The registration of participants of the Extraordinary General Meeting starts at 10:30 a.m. (Estonian time).

I Agenda

The agenda of the EGM is the following:

1. The amendment of the profit distribution decision approved by the Annual General Meeting held on 29th of June 2017 and additional distribution of profit of AS Silvano Fashion Group

II Proposals of the Management Board and the Supervisory Board

The Supervisory Board of SFG has approved the agenda of the EGM as proposed by the Management Board. The Management Board and the Supervisory Board make the following proposals to the shareholders with regard to the agenda:

1. The amendment of the profit distribution decision approved by the Annual General Meeting held on 29th of June 2017 and additional distribution of profit of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

1.1. To distribute the profit by paying dividends to the shareholders from the profit of the company based on the approved annual report of 2016 as follows:

1.1.1. The list of shareholders of AS Silvano Fashion Group entitled to profit distribution shall be fixed on 5st of January 2018 at 11:59 p.m;

1.1.2. EUR 0.30 per share shall be payable to the entitled shareholders as a dividend at the latest on 29th of January 2018.

III Organizational questions

The list of the shareholders entitled to participate in the EGM shall be fixed 7 days prior to the date of the meeting, i.e. on 4th of January 2018 at 11:59 p.m. (Estonian time).

At the EGM, a shareholder is entitled to receive information from the Management Board about the activities of SFG. The Management Board may decide to withhold information if there is a reason to believe that the disclosure of information may cause significant damage to the interests of SFG. If the Management Board refuses to disclose information, the shareholder may demand from the EGM to adopt a resolution regarding to the lawfulness of the information request or file a petition to a court of law within two weeks of the EGM requesting the court for the ruling requiring the Management Board to disclose the information.

The shareholders whose shares represent at least 1/20 of the share capital may request for additional items to be included in the agenda of the EGM, if the respective request is submitted in writing at least 15 days prior to the EGM.

The shareholders whose shares represent at least 1/20 of the share capital may present their draft resolutions to each item in the agenda in writing no later than 3 days before the EGM.

Draft resolution regarding to the agenda items and other documents presented to the EGM (including annual report, report of the sworn auditor, profit distribution proposal and report of the Supervisory Board) are available for examination on every working day as of the notification of the EGM until the business day preceding the day of the EGM at the headquarters of the Company at Tulika 15/17, Tallinn on business days from 9 a.m. until 5 p.m. (Estonian time).

On the day of the EGM the materials related to the agenda of the General Meeting are available for examination at the venue of the EGM as of the opening of registration of participants until the end of the EGM. In order to examine the documents: (1) the shareholders who are natural persons are required to present a document verifying their identity and their representatives are additionally required to present the power of attorney in written form; (2) the representatives of the shareholders who are legal entities shall present (a) an extract from the registry where the legal entity is registered; and (b) a document verifying the identity of representative; and (c) in case of representation on the basis of proxy, also a power of attorney.

Documents and data which are disclosed according to Article 2941 of the Estonian Commercial Code and the templates of power of attorney are available on the homepage of the Company: http://www.silvanofashion.com.

The following documents must be submitted to participate in EGM
- the shareholders who are natural persons shall present a document verifying their identity and their representatives shall present the power of attorney in written form;
- the representatives of the shareholders who are legal entities shall present (a) an extract from the registry where the legal entity is registered; and (b) a document verifying the identity of representative; (c) in case of representation on the basis of proxy, also a power of attorney.

Unless otherwise provided by a foreign agreement, a document issued by a foreign authority shall be duly apostilled or legalized. Documents in foreign language should be accompanied by the translation into Estonian, verified by relevant institution.

Prior to the EGM the shareholder may notify the Company of the appointment of a representative or the revocation of the representative's authority by sending a digitally signed e-mail message to info@silvanofashion.com or by delivering the information in person on workdays between 9 a.m. to 5 p.m. (Estonian time) or via mail to AS Silvano Fashion Group, Tulika 15/17, 10613 Tallinn, Estonia by 5 p.m. (Estonian time) on the business day preceding the day of the EGM.

For any information regarding the EGM or the agenda items, please contact Jarek Särgava (e-mail info@silvanofashion.com; phone +372 684 5000).

Jarek Särgava

AS Silvano Fashion Group Board Member

E-mail: info@silvanofashion.com

Tel: +372 684 5000; Fax: +372 684 5300

Address: Tulika 15/17, 10613 Tallinn, Estonia

http://www.silvanofashion.com

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The annual general meeting of shareholders of AS Silvano Fashion Group (hereinafter SFG) was held on June 29, 2017, at 12:30 noon at Radisson Blu Hotel Olümpia conference hall "Epsilon" (Liivalaia 33, Tallinn, Estonia) (hereinafter Meeting).

The agenda of the Meeting contained the items set out in the notice of the Meeting published on June 5, 2017 via the information system of NASDAQ OMX Tallinn and Warsaw Stock Exchange, and on June 6, 2017 on the website of SFG and in the daily newspaper Eesti Päevaleht, including adoption of the 2016 Annual Report, distribution of profit, election of the auditor, reduction of the share capital, and extension of authority of the member of the supervisory board.

The Meeting started at 12:30 and ended at 13:00. Twenty eight (28) shareholders attended the Meeting representing 19 294 445 votes, constituting 53.60% of the voting rights of the company. Therefore the Meeting was eligible to pass resolutions regarding the items on the agenda of the Meeting.

The following resolutions were passed at the Meeting:

Item 1: Approval of the 2016 Annual Report of SFG

The Meeting decided:

1. To approve the Annual Report of SFG for 2016 financial year.

Tabulation of the votes:

For: 19 293 480 votes, representing 99.99% of the votes of the AGM;

Against: 0 votes, representing 0% of the votes of the AGM;

Impartial: 965 votes, representing 0.01% of the votes of the AGM;

Did not vote: 0 votes, representing 0% of the votes of the AGM.

Item 2: Distribution of the 2016 profit of SFG

The meeting decided:

2.1. To approve the profit of the 2016 financial year in amount of EUR 8,273,000;

2.2. To make no allocations from the 2016 profit of AS Silvano Fashion Group into the reserve capital of AS Silvano Fashion Group. Following the reduction of the share capital, the reserve capital of AS Silvano Fashion Group will correspond to the requirements provided in Article 336(2) of the Estonian Commercial Code;

2.3. To distribute the profit by paying dividends to the shareholders of AS Silvano Fashion Group as follows:

2.3.1. The list of shareholders of AS Silvano Fashion Group entitled to profit distribution shall be fixed on 13 July 2017 at 11:59 p.m.

2.3.2. EUR 0.20.- per share shall be payable to the entitled shareholders as a dividend at the latest on 19 July 2017;

2.4. To allocate the rest of the profit of AS Silvano Fashion Group from the 2016 financial year into the undistributed profit of previous periods.

Tabulation of the votes:

For: 19 293 480 votes, representing 99.99% of the votes of the AGM;

Against: 0 votes, representing 0% of the votes of the AGM;

Impartial: 965 votes, representing 0.01% of the votes of the AGM;

Did not vote: 0 votes, representing 0% of the votes of the AGM.

Item 3: Election of the auditor of SFG for 2017 fiscal year and determination of auditor's fee

The meeting decided:

3.1. To elect audit company AS PricewaterhouseCoopers (registry code 10142876, address Pärnu mnt 15, 10141 Tallinn) as the auditor of AS Silvano Fashion group, whose authorities shall be valid until the next ordinary general meeting of AS Silvano Fashion Group;

3.2. To authorize the Management Board of AS Silvano Fashion Group to sign an auditing agreement with the audit company AS PricewaterhouseCoopers for the auditing of AS Silvano Fashion Group 2017 business activities at a price that does not exceed the price paid for the auditing services of AS Silvano Fashion Group in 2016 fiscal year.

Tabulation of the votes:

For: 19 289 190 votes, representing 99.97% of the votes of the AGM;

Against: 4 290 votes, representing 0.02% of the votes of the AGM;

Impartial: 965 votes, representing 0.01% of the votes of the AGM;

Did not vote: 0 votes, representing 0% of the votes of the AGM.

Item 4: Extension of authority of the member of the supervisory board

The meeting decided:

4.1. To extend authority of the supervisory board member Mr. Toomas Tool for the next term of authority starting from 1 July 2017 till 30 June 2022.

4.2. To continiue with the renumeration plan of the supervisory board members as approved by the annual general meeting held on 30 June 2012.

Tabulation of the votes:

For: 17 381 239 votes, representing 90.08% of the votes of the AGM;

Against: 617 987 votes, representing 3.20% of the votes of the AGM;

Impartial: 5 355 votes, representing 0.03% of the votes of the AGM;

Did not vote: 1 289 864 votes, representing 6.69% of the votes of the AGM.

Item 5: Reduction of the share capital of SFG

The meeting decided:

5.1. The reason for reducing the share capital of AS Silvano Fashion Group is a need to reduce the share capital of AS Silvano Fashion Group and to cancel the 1,000,000 own shares acquired within the own share buy-back programme as approved by the shareholders of AS Silvano Fashion Group on 29 June 2016;

5.2. The share capital of AS Silvano Fashion Group shall be reduced by EUR 300,000 from the former EUR 11,100,000 to EUR 10,800,000;

5.3. Upon the reduction of the share capital of AS Silvano Fashion Group, the 1,000,000 own shares acquired within the own share buy-back programme as approved by the shareholders of AS Silvano Fashion Group on 29 June 2016 shall be cancelled;

5.4. Upon the reduction of the share capital of AS Silvano Fashion Group, the share capital of AS Silvano Fashion Group shall be divided into 36,000,000 shares with the nominal value of EUR 0.30.

Tabulation of the votes:

For: 19 289 580 votes, representing 99.97% of the votes of the AGM;

Against: 3 900 votes, representing 0.02% of the votes of the AGM;

Impartial: 965 votes, representing 0.01% of the votes of the AGM;

Did not vote: 0 votes, representing 0,00% of the votes of the AGM.

The resolutions were adopted at the Meeting following the procedure for passing of resolutions set forth in laws and in the Articles of Association of the Company.

The protocol of the meeting, and related documents shall be made available to investors within 1 (one) week from the Meeting at SFG website .

Jarek Särgava


Silvano Fashion Group


Member of the Board

E-mail: info@silvanofashion.com


Tel: +372 684 5000; Fax: +372 684 5300


Address: Tulika 15/17, 10613 Tallinn, Estonia 


http://www.silvanofashion.com

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Proponowanym dniem prawa do dywidendy jest 13 lipca, a jej wypłata ma nastąpić do 19 lipca 2017 roku.

W 2016 roku akcjonariusze Silvano Fashion Group zdecydowali o wypłaceniu 0,15 euro dywidendy na akcję. (PAP Biznes)

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The Management Board of AS Silvano Fashion Group, registry code 10175491, registered address Tulika 15/17, 10613 Tallinn, (hereinafter SFG) convenes an annual general meeting of shareholders on 29 June 2017 at 12:30 (Estonian time) in Radisson Blu Hotel Olümpia conference hall "Epsilon", address Liivalaia 33, 10118 Tallinn, Estonia.

The registration of participants of the General Meeting starts at 12:00 (Estonian time) at the venue of the meeting.

I Agenda

Pursuant to the resolution adopted by the SFG Group's Supervisory Board on 29 May 2017, the general meeting will have the following agenda:

1. Approval of the 2016 Annual Report of AS Silvano Fashion Group;

2. Distribution of the 2016 profit of AS Silvano Fashion Group;

3. Election of the auditor of AS Silvano Fashion Group for 2017 fiscal year and determination of auditor's fee;

4. Extension of authority of the member of the supervisory board;

5. Reduction of the share capital of AS Silvano Fashion Group.

II Proposals of the Management Board and the Supervisory Board

The Management Board and the Supervisory Board make the following proposals to the shareholders with regard to the agenda:

1. Approval of the 2016 Annual Report of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

1.1. To approve the 2016 Annual Report of AS Silvano Fashion Group.

2. Distribution of the 2016 profit of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

2.1. To approve the profit of the 2016 financial year in amount of EUR 8,273,000;

2.2. To make no allocations from the 2016 profit of AS Silvano Fashion Group into the reserve capital of AS Silvano Fashion Group. Following the reduction of the share capital, the reserve capital of AS Silvano Fashion Group will correspond to the requirements provided in Article 336(2) of the Estonian Commercial Code;

2.3. To distribute the profit by paying dividends to the shareholders of AS Silvano Fashion Group as follows:

2.3.1. The list of shareholders of AS Silvano Fashion Group entitled to profit distribution shall be fixed on 13 July 2017 at 11:59 p.m.

2.3.2. EUR 0.20.- per share shall be payable to the entitled shareholders as a dividend at the latest on 19 July 2017;

2.4. To allocate the rest of the profit of AS Silvano Fashion Group from the 2016 financial year into the undistributed profit of previous periods.

3. Election of the auditor of AS Silvano Fashion Group for 2017 fiscal year and determination of auditor's fee

Proposal of the Management Board and the Supervisory Board:

3.1. To elect audit company AS PricewaterhouseCoopers (registry code 10142876, address Pärnu mnt 15, 10141 Tallinn) as the auditor of AS Silvano Fashion group, whose authorities shall be valid until the next ordinary general meeting of AS Silvano Fashion Group;

3.2. To authorize the Management Board of AS Silvano Fashion Group to sign an auditing agreement with the audit company AS PricewaterhouseCoopers for the auditing of AS Silvano Fashion Group 2017 business activities at a price that does not exceed the price paid for the auditing services of AS Silvano Fashion Group in 2016 fiscal year.

4. Extension of authority of the member of the supervisory board

Proposal of the Management Board and the Supervisory Board:

4.1 To extend authority of the supervisory board member Mr. Toomas Tool for the

next term of authority starting from 1 July 2017 till 30 June 2022.

4.2. To continue with the remuneration plan of the supervisory board members as

approved by the annual general meeting held on 30 June 2012.

5. Reduction of the share capital of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

5.1. The reason for reducing the share capital of AS Silvano Fashion Group is a need

to reduce the share capital of AS Silvano Fashion Group and to cancel the 1,000,000 own shares acquired within the own share buy-back programme as approved by the shareholders of AS Silvano Fashion Group on 29 June 2016;

5.2. The share capital of AS Silvano Fashion Group shall be reduced by EUR 300,000 from the former EUR 11,100,000 to EUR 10,800,000;

5.3. Upon the reduction of the share capital of AS Silvano Fashion Group, the 1,000,000 own shares acquired within the own share buy-back programme as approved by the shareholders of AS Silvano Fashion Group on 29 June 2016 shall be cancelled;

5.4. Upon the reduction of the share capital of AS Silvano Fashion Group, the share capital of AS Silvano Fashion Group shall be divided into 36,000,000 shares with the nominal value of EUR 0.30.

III Organizational questions

The list of the shareholders entitled to participate in the ordinary general meeting shall be fixed 7 days prior to the date of the General Meeting, i.e. on 22 June 2017 at 11:59 p.m. (Estonian time).

At the General Meeting, a shareholder is entitled to receive information from the Management Board about the activities of SFG. The Management Board may decide to withhold information if there is a reason to believe that the disclosure of information may cause significant damage to the interests of SFG. If the Management Board refuses to disclose information, the shareholder may demand from the General Meeting to adopt a resolution regarding to the lawfulness of the information request or file a petition to a court of law within two weeks of the General Meeting requesting the court for the ruling requiring the Management Board to disclose the information.

The shareholders whose shares represent at least 1/20 of the share capital may request for additional items to be included in the agenda of the General Meeting, if the respective request is submitted in writing at least 15 days prior to the General Meeting.

The shareholders whose shares represent at least 1/20 of the share capital may present their draft resolutions to each item in the agenda in writing no later than 3 days before the General Meeting.

Draft resolution regarding to the agenda items and other documents presented to the General Meeting (including annual report, report of the sworn auditor, profit distribution proposal and report of the Supervisory Board) are available for examination on every working day as of the notification of the General Meeting until the business day preceding the day of the General Meeting at the headquarters of the Company at Tulika 15/17, Tallinn on business days from 9 a.m. until 5 p.m. (Estonian time).

On the day of the General Meeting the materials related to the agenda of the General Meeting are available for examination at the venue of the General Meeting as of the opening of registration of participants until the end of the General Meeting. In order to examine the documents: (1) the shareholders who are natural persons are required to present a document verifying their identity and their representatives are additionally required to present the power of attorney in written form; (2) the representatives of the shareholders who are legal entities shall present (a) an extract from the registry where the legal entity is registered; and (b) a document verifying the identity of representative; and (c) in case of representation on the basis of proxy, also a power of attorney.

Documents and data which are disclosed according to Article 2941 of the Estonian Commercial Code, including the Annual Report, report of the sworn auditor, profit distribution proposal, report of the Supervisory Board, draft resolutions regarding to the agenda items, data on the Company's shares and voting rights related to the shares as of the date of the notice on the convening of the General Meeting and the templates of power of attorney are available on the homepage of the Company: http://www.silvanofashion.com.

The following documents must be submitted to participate in the General Meeting:

- the shareholders who are natural persons shall present a document verifying their identity and their representatives shall present the power of attorney in written form;

- the representatives of the shareholders who are legal entities shall present (a) an extract from the registry where the legal entity is registered; and (b) a document verifying the identity of representative; (c) in case of representation on the basis of proxy, also a power of attorney.

Unless otherwise provided by a foreign agreement, a document issued by a foreign authority shall be duly apostilled or legalized. Documents in foreign language should be accompanied by the translation into Estonian, verified by relevant institution.

Prior to the General Meeting the shareholder may notify the Company of the appointment of a representative or the revocation of the representative's authority by sending a digitally signed e-mail message to info@silvanofashion.com or by delivering the information in person on workdays between 9 a.m. to 5 p.m. (Estonian time) or via mail to AS Silvano Fashion Group, Tulika 15/17, 10613 Tallinn, Estonia by 5 p.m. (Estonian time) on the business day preceding the day of the General Meeting.

For any information regarding the general meeting of the shareholders or the agenda items, please contact Jarek Särgava (e-mail info@silvanofashion.com; phone +372 684 5000).

Jarek Särgava

Member of the Board

Silvano Fashion Group

E-mail: info@silvanofashion.com

Tel: +372 684 5000; Fax: +372 684 5300

Address: Tulika 15/17, 10613 Tallinn, Estonia

http://www.silvanofashion.com

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During the period from 15.05.2017 until 19.05.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

15.05.17 2 725 2.7000 7 357.50

16.05.17 3 560 2.6900 9 576.40

17.05.17 4 316 2.5200 10 876.32

18.05.17 0 0 0

19.05.17 0 0 0

Total amount: 10 601 2.6234 27 810.22

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

1 000 000 2.5199 2 519 946.93

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 1 000 000 shares in total for the total amount of 2 519 946.93 Euros, resulting an average acquisition cost of 2.5199 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

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In connection with expiration of the term of the board member agreement, Kati Kusmin shall leave the company

from May 16, 2017.

AS Silvano Fashion Group the Management Board continues with one member: Jarek Särgava.

Jarek Särgava

Member of the Management Board

Silvano Fashion Group AS

Tel +372 6845 000

E-post: info@silvanofashion.com

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We wtorek o godz. 14.16 za jedną akcję spółki płacono na GPW 10,86 zł. (PAP Biznes)

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During the period from 08.05.2017 until 12.05.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

08.05.17 2 665 2.9700 7 915.05

09.05.17 2 815 2.9900 8 416.85

10.05.17 2 835 2.9800 8 448.30

11.05.17 2 735 2.9700 8 122.95

12.05.17 2 700 2.9800 8 046.00

Total amount: 13 750 2.9781 40 949.15

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

989 399 2.5188 2 492 136.71

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 989 399 shares in total for the total amount of 2 492 136.71 Euros, resulting an average acquisition cost of 2.5188 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

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During the period from 01.05.2017 until 05.05.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

01.05.17 0 0 0

02.05.17 3 310 2.8890 9 562.59

03.05.17 3 290 2.9400 9 672.60

04.05.17 2 815 2.9549 8 318.04

05.05.17 2 609 2.9600 7 722.64

Total amount: 12 024 2.9338 35 275.87

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

975 649 2.5124 2 451 187.56

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 975 649 shares in total for the total amount of 2 451 187.56 Euros, resulting an average acquisition cost of 2.5124 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

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During the period from 24.04.2017 until 28.04.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

24.04.17 4 990 2.8700 14 321.30

25.04.17 4 960 2.8772 14 270.91

26.04.17 4 575 2.8800 13 176.00

27.04.17 4 210 2.8700 12 082.70

28.04.17 3 725 2.8501 10 616.62

Total amount: 22 460 2.8703 64 467.53

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

963 625 2.5071 2 415 911.69

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 963 625 shares in total for the total amount of 2 415 911.69 Euros, resulting an average acquisition cost of 2.5071 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

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During the period from 17.04.2017 until 21.04.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

17.04.17 0 0 0

18.04.17 5 375 2.8600 15 372.50

19.04.17 5 340 2.8500 15 219.00

20.04.17 5 220 2.8600 14 929.20

21.04.17 5 110 2.8553 14 590.58

Total amount: 21 045 2.8563 60 111.28

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

941 165 2.4984 2 351 444.16

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 941 165 shares in total for the total amount of 2 351 444.16 Euros, resulting an average acquisition cost of 2.4984 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

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During the period from 10.04.2017 until 14.04.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

10.04.17 7 000 2.8600 20 020.00

11.04.17 5 950 2.8700 17 076.50

12.04.17 5 670 2.8700 16 272.90

13.04.17 5 590 2.8700 16 043.30

14.04.17 0 0 0

Total amount: 24 210 2.8671 69 412.70

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

920 120 2.4903 2 291 332.87

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 920 120 shares in total for the total amount of 2 291 332.87 Euros, resulting an average acquisition cost of 2.4903 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

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During the period from 03.04.2017 until 07.04.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

03.04.17 7 965 2.9100 23 178.15

04.04.17 7 780 2.9000 22 562.00

05.04.17 7 490 2.9000 21 721.00

06.04.17 7 375 2.8600 21 092.50

07.04.17 7 145 2.8800 20 577.60

Total amount: 37 755 2.8905 109 131.25

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

895 910 2.4801 2 221 920.17

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 895 910 shares in total for the total amount of 2 221 920.17 Euros, resulting an average acquisition cost of 2.4801 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

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During the period from 27.03.2017 until 31.03.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

27.03.17 11 570 2.9400 34 015.80

28.03.17 11 360 2.9582 33 605.15

29.03.17 11 540 2.9500 34 043.00

30.03.17 11 040 2.9000 32 016.00

31.03.17 8 045 2.8986 23 319.24

Total amount: 53 555 2.9316 156 999.16

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

858 155 2.4620 2 112 788.92

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 858 155 shares in total for the total amount of 2 112 788.92 Euros, resulting an average acquisition cost of 2.4620 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

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During the period from 20.03.2017 until 24.03.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

20.03.17 4 641 2.8235 13 103.26

21.03.17 60 2.8433 170.60

22.03.17 11 415 2.8600 32 646.90

23.03.17 11 355 2.8900 32 815.95

24.03.17 11 370 2.9376 33 400.51

Total amount: 38 841 2.8871 112 137.82

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

804 600 2.4308 1 955 789.73

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 804 600 shares in total for the total amount of 1 955 789.73 Euros, resulting an average acquisition cost of 2.4308 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

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During the period from 13.03.2017 until 17.03.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

13.03.17 10 850 2.7900 30 271.50

14.03.17 11 840 2.7700 32 796.80

15.03.17 11 930 2.7600 32 926.80

16.03.17 11 650 2.7616 32 172.64

17.03.17 9 243 2.7885 25 774.11

Total amount: 55 513 2.7731 153 941.85

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

765 759 2.4076 1 843 651.91

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 765 759 shares in total for the total amount of 1 843 651.91 Euros, resulting an average acquisition cost of 2.4076 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

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During the period from 06.03.2017 until 10.03.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

06.03.17 12 345 2.6600 32 837.70

07.03.17 12 514 2.7000 33 787.80

08.03.17 12 610 2.7200 34 299.20

09.03.17 10 910 2.7714 30 235.97

10.03.17 11 030 2.7983 30 865.25

Total amount: 59 409 2.7273 162 025.92

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

710 246 2.3790 1 689 710.07

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 710 246 shares in total for the total amount of 1 689 710.07 Euros, resulting an average acquisition cost of 2.3790 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

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During the period from 27.02.2017 until 03.03.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

27.02.17 10 800 2.7300 29 484.00

28.02.17 11 328 2.7136 30 739.66

01.03.17 11 483 2.6800 30 774.44

02.03.17 11 094 2.6700 29 620.98

03.03.17 14 195 2.7000 38 326.50

Total amount: 58 900 2.6986 158 945.58

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

650 837 2.3473 1 527 684.14

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 650 837 shares in total for the total amount of 1 528 684.14 Euros, resulting an average acquisition cost of 2.3473 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 20.02.2017 until 24.02.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

20.02.17 10 033 2.8576 28 670.30

21.02.17 10 246 2.8977 29 689.83

22.02.17 10 455 2.9000 30 319.50

23.02.17 10 530 2.8500 30 010.50

24.02.17 0 0 0

Total amount: 41 264 2.8764 118 690.14

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

591 937 2.3123 1 368 738.56

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 591 937 shares in total for the total amount of 1 368 738.56 Euros, resulting an average acquisition cost of 2.3123 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 13.02.2017 until 17.02.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

13.02.17 9 298 2.7500 25 569.50

14.02.17 9 409 2.7500 25 874.75

15.02.17 9 780 2.7500 26 895.00

16.02.17 10 041 2.7500 27 612.75

17.02.17 10 115 2.7840 28 160.16

Total amount: 48 643 2.7571 134 112.16

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

550 673 2.2700 1 250 048.43

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 550 673 shares in total for the total amount of 1 250 048.43 Euros, resulting an average acquisition cost of 2.2700 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 06.02.2017 until 10.02.2017 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

06.02.17 7 530 2.8693 21 605.83

07.02.17 7 474 2.8300 21 151.42

08.02.17 9 344 2.7581 25 771.69

09.02.17 8 766 2.7500 24 106.50

10.02.17 9 095 2.7500 25 011.25

Total amount: 42 209 2.7872 117 646.69

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

502 030 2.2228 1 115 936.27

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 502 030 shares in total for the total amount of 1 115 936.27 Euros, resulting an average acquisition cost of 2.2228 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

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Silvano Fashion Group AS, registry code 10175491, location Tulika 15/17, 10613 Tallinn, ("SFG") Extraordinary General Meeting of Shareholders held on 2nd of February 2017, at 12:00 pm, Park Inn by Radisson Meriton Conference & Spa Hotel Tallinn conference hall of the "Jacobson", Toompuiestee 27 / Paldiski mnt 4, 10149 Tallinn (the "Meeting").

The meeting started at 12:00 and ended at 12:30. The meeting was held in the Estonian language.

Notice convening the meeting was published 10/01/2017 on the website of the Tallinn Stock Exchange, Warsaw Stock Exchange Information System and Silvano Fashion Group website and 11/01/2017 in the daily newspaper "Eesti Päevaleht".

According to the notice convening the meeting was based on the weighting of votes in the Estonian Central Register of electronic extract from the list of shareholders as of 26 January 2017, at 23:59, and at the start of the meeting the participants registration form.

On the 26th of January 2017 AS Silvano Fashion Group share capital was 11.1 million euros, and the total number of shares was 37 000 000. AS Silvano Fashion Group owned 459 821 of its own shares representing 1.2428% of the total number of shares. Own shares do not give AS Silvano Fashion Group shareholders' rights and does not go into determining a quorum. On the 26th of January 2017 AS Silvano Fashion Group had 36 540 179 voting shares, which were represented by 36 540 179 votes.

Twenty (20) shareholders attended the Meeting representing 19 870 477 votes, constituting 54,38% of the voting rights of the company. Thus, the meeting had a quorum.

The agenda of the meeting it was decided as follows:

1.Change of AS Silvano Fashion Group June 29, 2016 the General Meeting decision of its share buyback program in terms of the determination of the terms of its share buyback program.

Voting results:

In favor: 19 866 342 votes or 99,98% of the represented votes at the meeting and 53,69% of total share capital

Against: 3 170 votes or 0,02% of the votes represented at the meeting and 0% of the total share kapital

Impartial: 965 votes or 0,00% of the represented votes at the meeting and 0,00% of total share kapital

Did not vote: 0 votes, or 0% of the votes represented at the meeting and 0% of the total share capital

Item 1: Change of AS Silvano Fashion Group June 29, 2016 the General Meeting decision of its share buyback program in terms of the determination of the terms of its share buyback program

Decided:

Amend AS Silvano Fashion Group 6/29/16 general meeting approved a share buyback program in the following terms:

The maximum price at which AS Silvano Fashion Group may buy back its own shares within the own share buy-back programme is EUR 3,30 per share.

Voting results:

In favor: 19 859 702 votes or 99,95% of the represented votes at the meeting and 53,67% of total share capital

Against: 3 170 votes or 0,02% of the votes represented at the meeting and 0% of the total share capital

Impartial: 965 votes or 0,00% of the votes represented at the meeting and 0% of the total share kapital

Did not vote: 6 640 votes or 0,03% of the votes represented at the meeting and 0,02% of the total share capital

The resolutions were adopted at the Meeting following the procedure for passing of resolutions set forth in laws and in the Articles of Association of the Company.

The protocol of the meeting, and related documents shall be made available to investors within 1 (one) week from the Meeting at SFG website https://www.silvanofashion.com/investors/company-announcements/

Jarek Särgava

Silvano Fashion Group Member of the Board

E-mail: info@silvanofashion.com

Tel: +372 684 5000; Fax: +372 684 5300; Aadress: Tulika 15/17, 10613 Tallinn

http://www.silvanofashion.com

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The Management Board of AS Silvano Fashion Group, registry code 10175491, registered address Tulika 15/17, 10613 Tallinn, (hereinafter "SFG") convenes an Extraordinary General Meeting (hereinafter: "EGM") of shareholders on 2th 2nd of February 2017 at 12:00 (Estonian time) in Park Inn by Radisson Meriton Conference & Spa Hotel conference hall "C.R.Jakobson" address located at Toompuiestee 27/ Paldiski mnt 4, Tallinn, Estonia.

The registration of participants of the Extraordinary General Meeting starts at 11:30 a.m. (Estonian time).

I Agenda

The agenda of the EGM is the following:

1. Amendment of the terms and conditions of the share buyback program, approved by the shareholders of AS Silvano Fashion Group on 29 June 29th 2016 approved by the general meeting to the share buyback program amendment of the terms and conditions

II Proposals of the Management Board and the Supervisory Board

The Supervisory Board of SFG has approved the agenda of the EGM as proposed by the Management Board. The Management Board and the Supervisory Board make the following proposals to the shareholders with regard to the agenda:

1. Amendment of the terms and conditions of the share buyback program, approved by the shareholders of AS Silvano Fashion Group on June 29th 2016AS Silvano Fashion Group on 29 June 2016 decision adopted by the general meeting its share buy-back program as regards the determination of the conditions and terms and conditions of the share buy-back program.

Proposal of the Management Board and the Supervisory Board:

21.1 To amend the terms and conditions of the share buyback program, approved by the shareholders of AS Silvano Fashion Group on June 29th 2016 AS Silvano Fashion Group 29.06.16 general meeting approved the share buyback program terms and conditions as follows:

2.1.1. The maximum share price applicable for share buyback of AS Silvano Fashion Group may in the course of the buy-back program to buy back itsof own shares is 3.30 euros per share.

III Organizational questions

The list of the shareholders entitled to participate in the EGM shall be fixed 7 days prior to the date of the meeting, i.e. on 26th February January 2017 at 11:59 p.m. (Estonian time).

At the EGM, a shareholder is entitled to receive information from the Management Board about the activities of SFG. The Management Board may decide to withhold information if there is a reason to believe that the disclosure of information may cause significant damage to the interests of SFG. If the Management Board refuses to disclose information, the shareholder may demand from the EGM to adopt a resolution regarding to the lawfulness of the information request or file a petition to a court of law within two weeks of the EGM requesting the court for the ruling requiring the Management Board to disclose the information.

The shareholders whose shares represent at least 1/20 of the share capital may request for additional items to be included in the agenda of the EGM, if the respective request is submitted in writing at least 15 days prior to the EGM.

The shareholders whose shares represent at least 1/20 of the share capital may present their draft resolutions to each item in the agenda in writing no later than 3 days before the EGM.

Draft resolution regarding to the agenda items and other documents presented to the EGM (including annual report, report of the sworn auditor, profit distribution proposal and report of the Supervisory Board) are available for examination on every working day as of the notification of the EGM until the business day preceding the day of the EGM at the headquarters of the Company at Tulika 15/17, Tallinn on business days from 9 a.m. until 5 p.m. (Estonian time).

On the day of the EGM the materials related to the agenda of the General Meeting are available for examination at the venue of the EGM as of the opening of registration of participants until the end of the EGM. In order to examine the documents: (1) the shareholders who are natural persons are required to present a document verifying their identity and their representatives are additionally required to present the power of attorney in written form; (2) the representatives of the shareholders who are legal entities shall present (a) an extract from the registry where the legal entity is registered; and (b) a document verifying the identity of representative; and (c) in case of representation on the basis of proxy, also a power of attorney.

Documents and data which are disclosed according to Article 2941 of the Estonian Commercial Code and the templates of power of attorney are available on the homepage of the Company: http://www.silvanofashion.com.

The following documents must be submitted to participate in EGM
- the shareholders who are natural persons shall present a document verifying their identity and their representatives shall present the power of attorney in written form;
- the representatives of the shareholders who are legal entities shall present (a) an extract from the registry where the legal entity is registered; and (b) a document verifying the identity of representative; (c) in case of representation on the basis of proxy, also a power of attorney.

Unless otherwise provided by a foreign agreement, a document issued by a foreign authority shall be duly apostilled or legalized. Documents in foreign language should be accompanied by the translation into Estonian, verified by relevant institution.

Prior to the EGM the shareholder may notify the Company of the appointment of a representative or the revocation of the representative's authority by sending a digitally signed e-mail message to info@silvanofashion.com or by delivering the information in person on workdays between 9 a.m. to 5 p.m. (Estonian time) or via mail to AS Silvano Fashion Group, Tulika 15/17, 10613 Tallinn, Estonia by 5 p.m. (Estonian time) on the business day preceding the day of the EGM.

For any information regarding the EGM or the agenda items, please contact Märt Meerits (e-mail info@silvanofashion.com; phone +372 684 5000).

Jarek Särgava

Board Member

Silvano Fashion Group

E-mail: info@silvanofashion.com

Tel: +372 684 5000; Fax: +372 684 5300

Address: Tulika 15/17, 10613 Tallinn, Estonia

http://www.silvanofashion.com

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AS Silvano Fashion Group informs that on 16 December 2016 the AS Silvano Fashion Group received from FSA of Estonia a memorandum, pointing out that the AS Silvano Fashion Group, registry code 10175491, located at Tulika 15/17, 10613 Tallinn, the Extraordinary General Meeting of Shareholders, which was held on 14 December 2016 further that the voting quorum is not met in the agenda item added concerning the changing the terms of own shares buy-back program.

AS Silvano Fashion Group Council and Management Board's proposal was to add to the agenda of the extraordinary shareholders' meeting point, which reads as follows:

1. AS Silvano Fashion Group, 29 June 2016 the General Meeting approved the terms of its share buyback program.

1.1. Due to the repurchase program to repurchase price cap set (2.70 euros per share) arrival, the Management Board of AS Silvano Fashion Group and of the Council proposes to establish a new maximum price at which the AS Silvano Fashion Group may repurchase program to buy back their shares. Proposal for a repurchase price for the new limit of EUR 3.30 per share

As a consequence, the point referred to the inclusion on the agenda and the voting of a decision to this point must be considered null and void.

AS Silvano Fashion Group shall inform the shareholders of the new extraordinary shareholders' meeting convened in accordance with statutory procedures referred to above in changing terms own share buyback program, in order to re-submit it for approval to the shareholders on December 14th 2016 indicated conditions.

Jarek Särgava

Silvano Fashion Group Member of the Board

E-mail: info@silvanofashion.com

Tel: +372 684 5000; Fax: +372 684 5300 Address Tulika 15/17, 10613 Tallinn

http://www.silvanofashion.com

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During the period from 12.12.2016 until 16.12.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

12.12.16 0 0 0

13.12.16 0 0 0

14.12.16 0 0 0

15.12.16 0 0 0

16.12.16 8 617 3.0499 26 280.99

Total amount: 8 617 3.0499 26 280.99

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

459 821 2.1710 998 289.58

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 459 821 shares in total for the total amount of 998 289.58 Euros, resulting an average acquisition cost of 2.1710 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

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Silvano Fashion Group AS, registry code 10175491, location Tulika 15/17, 10613 Tallinn, ("SFG") Extraordinary General Meeting of Shareholders held on 14 December 2016, at 12:00 pm, Radisson Blu Hotel Olümpia conference hall of the "Sigma", Liivalaia 33, 10118 Tallinn (the "Meeting").

The meeting started at 12:00 and ended at 12:30. The meeting was held in the Estonian language.

Notice convening the meeting was published 21/11/2016. a. The website of the Tallinn Stock Exchange and the Warsaw Stock Exchange Information System and 11/22/2016 in the newspaper "Eesti Päevaleht" and Silvano Fashion Group website at www.silvanofashion.com.

According to the notice convening the meeting was based on the weighting of votes in the Estonian Central Register of electronic extract from the list of shareholders as at 07 December 2016, at 23:59, and at the start of the meeting the participants registration form.

December 7. 2016 was AS Silvano Fashion Group share capital of 11.1 million euros, and the total number of shares was 37 000 000. AS Silvano Fashion Group owned 451,204 of its own shares, which represented 1.22% of the total number of shares. Own shares do not give AS Silvano Fashion Group shareholders' rights and does not go into determining a quorum. AS Silvano Fashion Group had 07.detsember 2016 at 36,548,796 voting shares, which were represented by 36,548,796 votes.

At the meeting, represented were 21 shareholders, whose shares were represented by a total of 23,993,085 votes, representing a total of 65.65% of the voting rights and total share capital. Thus, the meeting had a quorum.

Procedural issues:

AS Silvano Fashion Group by a member of the board Jarek Särgava presented a proposal to the shareholders and asked to vote to include an additional item on the agenda of AS Silvano Fashion Group for an extraordinary shareholders' meeting:

AS Silvano Fashion Group, 29 June 2016 the General Meeting approved the terms of its share buyback program.

Due to the repurchase program to repurchase price cap set (2.70 euros per share) arrival, the Management Board of AS Silvano Fashion Group and of the Council proposes to establish a new maximum price at which the AS Silvano Fashion Group may buy back their shares. Proposal for a repurchase price for the new limit of EUR 3.30 per share.

Voting results:

In favor: 14,297,963 votes, or 59.59% of the represented votes and 38.64% of total share capital

Against: 0 votes, or 0% of the votes represented at the meeting, and 0% of the total share capital

Impartial: 9,695,122 votes, or 40.41% of the represented votes and 26.20% of total share capital

Did not vote: 0 votes, or 0% of the votes represented at the meeting, and 0% of the total share capital

Due to the results of voting it was decided to include an additional item on the agenda of amendment of the share buyback program.

The agenda of the meeting it was decided as follows:

Change of AS Silvano Fashion Group June 29, 2016 the General Meeting decision on distribution of profit and the Amendment of the additional allocation of profits.

Change of AS Silvano Fashion Group June 29, 2016 the General Meeting decision of its share buyback program in terms of the determination of the terms of its share buyback program.

Voting results:

In favor: 14,304,603 votes, or 59.62% of the represented votes and 38.66% of total share capital

Against: 0 votes, or 0% of the votes represented at the meeting, and 0% of the total share capital

Impartial: 9,688,482 votes, or 40.38% of the represented votes and 26.19% of total share capital

Did not vote: 0 votes, or 0% of the votes represented at the meeting, and 0% of the total share capital

Agenda Item 1: Change of AS Silvano Fashion Group June 29, 2016 the General Meeting decision on distribution of profit and the Amendment of the additional allocation of profits.

Decided:

1.1. To distribute to AS Silvano Fashion Group shareholders on the basis of approved annual report 2015 an additional dividend of profit as follows:

1.1.1. To fix the additional dividend entitled shares of AS Silvano Fashion Group shareholders' list of 29 December 2016, 23:59;

1.1.2. To pay to AS Silvano Fashion Group shareholders an additional dividend of 0.10 euros per share no later than 30 December 2016.

Voting results:

In favor: 23,992,120 votes, or 100% of the represented votes and 64.84% of total share capital

Against: 0 votes, or 0% of the votes represented at the meeting, and 0% of the total share capital

Impartial: 965 votes, or 0% of the votes represented at the meeting, and 0% of the total share capital

Did not vote: 0 votes, or 0% of the votes represented at the meeting, and 0% of the total share capital

Item 2: Change of AS Silvano Fashion Group June 29, 2016 the General Meeting decision of its share buyback program in terms of the determination of the terms of its share buyback program

Decided:

2.1. Amend AS Silvano Fashion Group 6/29/16 general meeting approved a share buyback program in the following terms:

2.1.1. The maximum price at which the AS Silvano Fashion Group may repurchase program to buy back its own shares in the course of 3.30 euros per share.

Voting results:

In favor: 21,194,696 votes, or 88.34% of the represented votes and 57.28% of total share capital

Against: 0 votes, or 0% of the votes represented at the meeting, and 0% of the total share capital

Impartial: 1,688,782 votes, or 7.04% of the votes represented at the meeting and 4,56% of the total share capital

Did not vote: 1,109,607 votes, or 4.62% of the votes represented at the meeting, and 3% of the total share capital

At the meeting, resolutions were adopted in compliance with the law and the statutes SFG decision-making procedures.

Minutes and related materials are available to investors not later than one (1) week after the meeting at SFG website http://www.silvanofashion.com.

Jarek Särgava

Silvano Fashion Group Member of the Board

E-mail: info@silvanofashion.com

Tel: +372 684 5000; Fax: +372 684 5300; Aadress: Tulika 15/17, 10613 Tallinn

http://www.silvanofashion.com

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Tallinn, 2016-12-03 10:25 CET (GLOBE NEWSWIRE) --

During the period from 28.11.2016 until 02.12.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

28.11.16 5 175 2.5900 13 403.25

29.11.16 1 851 2.6016 4 815.56

30.11.16 1 656 2.6913 4 456.79

01.12.16 3 764 2.6946 10 142.47

02.12.16 0 0 0

Total amount: 12 446 2.6946 32 818.07

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

451 204 2.1543 972 008.59

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 451 204 shares in total for the total amount of 972 008.59 Euros, resulting an average acquisition cost of 2.1543 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

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During the period from 21.11.2016 until 25.11.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

21.11.16 3 370 2.2800 7 683.60

22.11.16 3 695 2.4200 8 941.90

23.11.16 4 290 2.4100 10 338.90

24.11.16 4 925 2.4347 11 990.90

25.11.16 3 525 2.4976 8 804.04

Total amount: 19 805 2.4115 47 759.34

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

438 758 2.1406 939 190.51

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 438 758 shares in total for the total amount of 939 190.51 Euros, resulting an average acquisition cost of 2.1406 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

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During the period from 14.11.2016 until 18.11.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

14.11.16 2 765 2.3900 6 608.35

15.11.16 2 770 2.4000 6 648.00

16.11.16 2 865 2.4000 6 876.00

17.11.16 2 900 2.3500 6 815.00

18.11.16 3 325 2.3000 7 645.50

Total amount: 14 625 2.3655 34 594.85

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

418 953 2.1278 891 431.18

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 418 953 shares in total for the total amount of 891 431.18 Euros, resulting an average acquisition cost of 2.1278 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

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During the period from 07.11.2016 until 11.11.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

07.11.16 2 375 2.3400 5 557.50

08.11.16 2 510 2.3300 5 848.30

09.11.16 2 630 2.3300 6 127.90

10.11.16 2 860 2.3776 6 799.94

11.11.16 3 084 2.4000 7 401.60

Total amount: 13 459 2.3579 31 735.24

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

404 328 2.1192 856 836.33

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 404 328 shares in total for the total amount of 856 836.33 Euros, resulting an average acquisition cost of 2.1192 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

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During the period from 31.10.2016 until 04.11.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

31.10.16 2 030 2.3600 4 790.80

01.11.16 2 240 2.3900 5 353.60

02.11.16 2 380 2.3709 5 642.74

03.11.16 2 450 2.3600 5 782.00

04.11.16 2 465 2.3300 5 743.45

Total amount: 9 535 2.3620 27 312.59

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

390 869 2.1109 825 101.09

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 390 869 shares in total for the total amount of 825 101.09 Euros, resulting an average acquisition cost of 2.1109 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

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During the period from 24.10.2016 until 28.10.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

24.10.16 1 900 2.3200 4 408.00

25.10.16 2 060 2.3700 4 882.20

26.10.16 1 875 2.3400 4 387.50

27.10.16 1 270 2.3253 2 953.13

28.10.16 2 030 2.3400 4 750.20

Total amount: 9 135 2.3406 21 381.03

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

379 304 2.1033 797 788.50

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 379 304 shares in total for the total amount of 797 788.50 Euros, resulting an average acquisition cost of 2.1033 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

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During the period from 17.10.2016 until 21.10.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

17.10.16 3 219 2.2423 7 217.96

18.10.16 0 0 0

19.10.16 2 845 2.2700 6 458.15

20.10.16 2 496 2.3400 5 840.64

21.10.16 2 559 2.3400 5 988.06

Total amount: 11 119 2.2938 25 504.81

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

370 169 2.0974 776 407.47

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 370 169 shares in total for the total amount of 776 407.47 Euros, resulting an average acquisition cost of 2.0974 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

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During the period from 10.10.2016 until 14.10.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

10.10.16 0 0 0

11.10.16 0 0 0

12.10.16 2 871 2.1600 6 201.36

13.10.16 2 893 2.1600 6 248.88

14.10.16 2 942 2.2193 6 529.18

Total amount: 8 706 2.1800 18 979.42

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

359 050 2.0914 750 902.65

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 359 050 shares in total for the total amount of 750 902.65 Euros, resulting an average acquisition cost of 2.0914 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

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During the period from 03.10.2016 until 07.10.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

03.10.16 4 098 2.1700 8 892.66

04.10.16 2 084 2.1700 4 522.28

05.10.16 4 155 2.1800 9 057.90

06.10.16 3 395 2.1700 7 367.15

07.10.16 4 025 2.1800 8 774.50

Total amount: 17 757 2.1746 38 614.49

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

350 344 2.0892 731 923.23

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 350 344 shares in total for the total amount of 731 923.23 Euros, resulting an average acquisition cost of 2.0892 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 26.09.2016 until 30.09.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

26.09.16 4 670 2.1700 10 133.90

27.09.16 4 910 2.1600 10 605.60

28.09.16 2 740 2.1700 5 945.80

29.09.16 0 0 0

30.09.16 4 540 2.1700 9 851.10

Total amount: 16 860 2.1671 36 537.10

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

332 587 2.0846 693 308.74

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 332 587 shares in total for the total amount of 693 308.74 Euros, resulting an average acquisition cost of 2.0846 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 19.09.2016 until 23.09.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

19.09.16 4 505 2.1489 9 680.79

20.09.16 4 570 2.1600 9 871.20

21.09.16 4 650 2.1600 10 044.00

22.09.16 4 570 2.1500 9 825.50

23.09.16 4 425 2.1685 9 595.61

Total amount: 22 720 2.1574 49 017.11

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

315 727 2.0802 656 771.64

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 315 727 shares in total for the total amount of 656 771.64 Euros, resulting an average acquisition cost of 2.0802 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 12.09.2016 until 16.09.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

12.09.16 5 705 2.1600 12 322.80

13.09.16 5 990 2.1700 12 998.30

14.09.16 6 230 2.1600 13 456.80

15.09.16 6 110 2.1451 13 106.56

16.09.16 6 040 2.1400 12 925.60

Total amount: 30 075 2.1549 64 810.06

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

293 007 2.0742 607 754.54

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 293 007 shares in total for the total amount of 607 754.54 Euros, resulting an average acquisition cost of 2.0742 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 05.09.2016 until 09.09.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

05.09.16 5 920 2.1700 12 846.40

06.09.16 5 770 2.1800 12 578.60

07.09.16 5 765 2.1800 12 567.70

08.09.16 5 870 2.1800 12 796.60

09.09.16 5 795 2.1800 12 633.10

Total amount: 29 120 2.1780 63 422.40

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

262 932 2.0650 542 944.48

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 262 932 shares in total for the total amount of 542 944.48 Euros, resulting an average acquisition cost of 2.0650 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 29.08.2016 until 02.09.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

29.08.16 3 044 2.1135 6 433.49

30.08.16 4 611 2.1200 9 775.32

31.08.16 0 0 0

01.09.16 5 535 2.1400 11 844.90

02.09.16 5 945 2.1600 12 841.20

Total amount: 19 135 2.1504 40 894.91

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

233 812 2.0509 479 522.08

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 233 812 shares in total for the total amount of 479 522.08 Euros, resulting an average acquisition cost of 2.0509 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 22.08.2016 until 26.08.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

22.08.16 7 331 2.0800 15 248.48

23.08.16 4 099 2.0800 8 525.92

24.08.16 7 300 2.1000 15 330.00

25.08.16 7 380 2.0986 15 487.67

26.08.16 1 365 2.1100 2 880.15

Total amount: 27 475 2.0918 57 472.22

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

214 677 2.0432 438 627.16

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 214 677 shares in total for the total amount of 438 627.16 Euros, resulting an average acquisition cost of 2.0432 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 15.08.2016 until 19.08.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

15.08.16 5 270 2.0795 10 958.97

16.08.16 5 475 2.0800 11 388.00

17.08.16 5 645 2.0762 11 720.15

18.08.16 5 660 2.0747 11 742.80

19.08.16 5 725 2.0700 11 850.75

Total amount: 27 775 2.0760 57 660.67

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

187 202 2.0361 381 154.94

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 187 202 shares in total for the total amount of 381 154.94 Euros, resulting an average acquisition cost of 2.0361 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 08.08.2016 until 12.08.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

08.08.16 6 265 2.1500 13 469.75

09.08.16 5 945 2.1265 12 642.04

10.08.16 5 070 2.1358 10 828.51

11.08.16 4 825 2.1300 10 277.25

12.08.16 4 935 2.1200 10 462.20

Total amount: 27 040 2.1331 57 679.75

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

159 427 2.0291 323 494.28

Apart from these transactions for the purchase of AS Silvano Fashion Group ordinary shareholders meeting on 29.06.2016 approved the repurchase program, the total number of shares bought back 159,427 shares. Was spent on the acquisition of shares to EUR 323 494.28, representing 2.0291 euros per share acquired.

Of its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicable. The executor of the share buyback program is managed by AS SEB Pank, which exercises the repurchase of shares of AS Silvano Fashion Group name. The program execution of the AS SEB Pank independent trading decisions, in compliance with the conditions and restrictions, without AS Silvano Fashion Group shares could affect the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 08.08.2016 until 12.08.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

08.08.16 6 265 2.1500 13 469.75

09.08.16 5 945 2.1265 12 642.04

10.08.16 5 070 2.1358 10 828.51

11.08.16 4 825 2.1300 10 277.25

12.08.16 4 935 2.1200 10 462.20

Total amount: 27 040 2.1331 57 679.75

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

159 427 2.0291 323 494.28

Apart from these transactions for the purchase of AS Silvano Fashion Group ordinary shareholders meeting on 29.06.2016 approved the repurchase program, the total number of shares bought back 159,427 shares. Was spent on the acquisition of shares to EUR 323 494.28, representing 2.0291 euros per share acquired.

Of its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicable. The executor of the share buyback program is managed by AS SEB Pank, which exercises the repurchase of shares of AS Silvano Fashion Group name. The program execution of the AS SEB Pank independent trading decisions, in compliance with the conditions and restrictions, without AS Silvano Fashion Group shares could affect the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 01.08.2016 until 05.08.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

01.08.16 4 520 2.0900 9 446.80

02.08.16 5 325 2.0900 11 129.25

03.08.16 6 050 2.1100 12 765.50

04.08.16 2 000 2.1300 4 260.00

05.08.16 6 085 2.1400 13 021.90

Total amount: 23 980 2.1111 50 623.45

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

132 387 2.0079 265 814.53

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 132 387 shares in total for the total amount of 265 814.53 Euros, resulting an average acquisition cost of 2.0079 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 25.07.2016 until 29.07.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

25.07.16 5 185 1.9900 10 318.15

26.07.16 4 715 1.9800 9 335.70

27.07.16 4 685 1.9900 9 323.15

28.07.16 4 655 2.0000 9 310.00

29.07.16 4 455 2.0000 8 910.00

Total amount: 23 695 1.9919 47 197.00

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

108 407 1.9850 215 191.08

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 108 407 shares in total for the total amount of 215 191.08 Euros, resulting an average acquisition cost of 1.9850 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 18.07.2016 until 22.07.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

18.07.16 5 631 1.9600 11 060.28

19.07.16 2 590 1.9700 5 102.30

20.07.16 5 180 1.9790 10 251.22

21.07.16 5 210 1.9900 10 367.90

22.07.16 5 235 1.9900 10 417.65

Total amount: 23 858 1.9783 47 199.35

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

84 712 1.9831 167 994.08

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 84 712 shares in total for the total amount of 167 994.08 Euros, resulting an average acquisition cost of 1.9831 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 11.07.2016 until 15.07.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

11.07.16 8 040 2.0200 16 240.80

12.07.16 8 005 1.9098 15 287.95

13.07.16 6 161 1.9200 11 829.12

14.07.16 4 000 1.9600 7 840.00

15.07.16 7 975 1.9600 15 631.00

Total amount: 34 181 1.9551 66 828.87

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

60 854 1.9850 120 794.73

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 60 854 shares in total for the total amount of 120 794.73 Euros, resulting an average acquisition cost of 1.9850 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

During the period from 04.07.2016 until 08.07.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

04.07.16 0 0 0

05.07.16 280 2.0100 562.80

06.07.16 9 173 2.0200 18 529.46

07.07.16 8 300 2.0200 16 766.00

08.07.16 8 920 2.0300 18 107.60

Total amount: 26 673 2.0232 53 965.86

Accumulated total under the share buyback program since 30.06.2016:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

26 673 2.0232 53 965.86

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 26 673 shares in total for the total amount of 53 965.86 Euros, resulting an average acquisition cost of 2.0232 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: http://biznes.pap.pl/pl/reports/espi/all,0,0,0,1

kom espi zdz

Dniem prawa do dywidendy jest 13 lipca, dywidenda będzie wypłacona najpóźniej 15 lipca.

Akcjonariusze spółki zdecydowali także o skupie do 1 mln akcji własnych w okresie od 30 czerwca tego roku do 30 czerwca 2017 roku. Maksymalna cena, po której będą skupowane akcje, wynosić ma 2,7 euro za sztukę. (PAP)

pel/ ana/

The annual general meeting of shareholders of AS Silvano Fashion Group (hereinafter SFG) was held on June 29, 2016, at 12:00 noon at Radisson Blu Hotel Olümpia conference hall "Epsilon" (Liivalaia 33, Tallinn, Estonia) (hereinafter Meeting).

The agenda of the Meeting contained the items set out in the notice of the Meeting published on June 6, 2016 via the information system of NASDAQ OMX Tallinn and Warsaw Stock Exchange, on the website of SFG, and on June 6, 2016 in the daily newspaper Eesti Päevaleht, including adoption of the 2015 Annual Report, distribution of profit, election of the auditor, reduction of the share capital and adoption of the own share buy-back program.

The Meeting started at 12:00 and ended at 12:45. Thirty six (36) shareholders attended the Meeting representing 24 566 138 votes, constituting 64.65% of the voting rights of the company. Therefore the Meeting was eligible to pass resolutions regarding the items on the agenda of the Meeting.

The following resolutions were passed at the Meeting:

Item 1: Approval of the 2015 Annual Report of SFG

The Meeting decided:

1.1. To approve the Annual Report of SFG for 2015 financial year.

Tabulation of the votes:

For: 24 565 170 votes, representing 100 % of the votes of the AGM and 64.64 % from the share capital

Against: 0 votes, representing 0% of the votes of the AGM and 0% from the share capital

Impartial: 965 votes, representing 0.02% of the votes of the AGM and 0% from the share capital

Did not vote: 3 votes, representing 0% of the votes of the AGM and 0% from the share capital

Item 2: Distribution of the 2015 profit of SFG

The meeting decided:

2.1. To approve the profit of the 2015 financial year in amount of EUR 9,689,000;

2.2. To make no allocations from the 2015 profit of AS Silvano Fashion Group into the reserve capital of AS Silvano Fashion Group. Following the reduction of the share capital, the reserve capital of AS Silvano Fashion Group will correspond to the requirements provided in Article 336(2) of the Estonian Commercial Code;

2.3. To distribute the profit by paying dividends to the shareholders of AS Silvano Fashion Group as follows:

2.3.1. The list of shareholders of AS Silvano Fashion Group entitled to profit distribution shall be fixed on 13th of July 2016 at 11:59 p.m.

2.3.2. EUR 0.15.- per share shall be payable to the entitled shareholders as a dividend at the latest on 15th of July 2016;

2.4. To allocate the rest of the profit of AS Silvano Fashion Group from the 2015 financial year into the undistributed profit of previous periods.

Tabulation of the votes:

For: 24 565 170 votes, representing 100% of the votes of the AGM and 64.64% from the share capital

Against: 0 votes, representing 0% of the votes of the AGM and 0% from the share capital

Impartial: 965 votes, representing 0% of the votes of the AGM and 0% from the share capital

Did not vote: 3 votes, representing 0% of the votes of the AGM and 0% from the share capital

Item 3: Election of the auditor of SFG for 2016 fiscal year and determination of auditor's fee

The meeting decided:

3.1. To elect audit company AS PricewaterhouseCoopers (registry code 10142876, address Pärnu mnt 15, 10141 Tallinn) as the auditor of AS Silvano Fashion group, whose authorities shall be valid until the next ordinary general meeting of AS Silvano Fashion Group;

3.2. To authorize the Management Board of AS Silvano Fashion Group to sign an auditing agreement with the audit company AS PricewaterhouseCoopers for the auditing of AS Silvano Fashion Group 2016 business activities at a price that does not exceed the price paid for the auditing services of AS Silvano Fashion Group in 2015 fiscal year.

Tabulation of the votes:

For: 24 565 170 votes, representing 100% of the votes of the AGM and 61.34% from the share capital

Against: 0 votes, representing 0% of the votes of the AGM and 0% from the share capital

Impartial: 965 votes, representing 0% of the votes of the AGM and 0% from the share capital

Did not vote: 3 votes, representing 0% of the votes of the AGM and 0% from the share capital

Item 4: Reduction of the share capital of SFG

The meeting decided:

4.1. The reason for reducing the share capital of AS Silvano Fashion Group is a need to reduce the share capital of AS Silvano Fashion Group and to cancel the 1,000,000 own shares acquired within the own share buy-back programme as approved by the shareholders of AS Silvano Fashion Group on 29th of June 2015;

4.2. The share capital of AS Silvano Fashion Group shall be reduced by EUR 300,000 from the former EUR 11,400,000 to EUR 11,100,000;

4.3. Upon the reduction of the share capital of AS Silvano Fashion Group, the 1,000,000 own shares acquired within the own share buy-back programme as approved by the shareholders of AS Silvano Fashion Group on 29 June 2015 shall be cancelled;

4.4. Upon the reduction of the share capital of AS Silvano Fashion Group, the share capital of AS Silvano Fashion Group shall be divided into 37,000,000 shares with the nominal value of EUR 0.30.

Tabulation of the votes:

For: 24 560 170 votes, representing 99.98% of the votes of the AGM and 64.63% from the share capital

Against: 5000 votes, representing 0.02% of the votes of the AGM and 0% from the share capital

Impartial: 965 votes, representing 0% of the votes of the AGM and 0% from the share capital

Did not vote: 3 votes, representing 0% of the votes of the AGM and 0% from the share capital

Item 5: Determination of the conditions of the own share buy-back programme of SFG

The meeting decided:

5.1. To approve the own share buy-back program of AS Silvano Fashion Group on the following conditions:

5.1.1. The sole purpose of the buy-back programme of own shares of AS Silvano Fashion Group is the reduction of the share capital of AS Silvano Fashion Group;

5.1.2. AS Silvano Fashion Group shall have a right to buy back own shares with one transaction or in parts within the time period from 30 June 2016 until 30 June 2017;

5.1.3. AS Silvano Fashion Group shall have a right to buy back maximum of 1,000,000 own shares;

5.1.4. The maximum price at which AS Silvano Fashion Group may buy back its own shares within the own share buy-back programme is EUR 2.70.- per share;

5.1.5. The acquired own shares shall be acquired from the assets that exceed the registered share capital, reserve capital and share premium of AS Silvano Fashion Group;

5.1.6. The sum of the nominal values of the own shares acquired within the buy-back programme and of the previously acquired own shares of AS Silvano Fashion Group may not exceed 10% of the share capital of AS Silvano Fashion Group;

5.1.7. To authorize the Management Board of AS Silvano Fashion Group, in the cases of extreme low liquidity on the market, to exceed the limit of 25% of the average daily volume of the shares in any one day on the regulated market which is provided for in Article 5 subsection 2 of Commission Regulation (EC) No 2273/2003 and to buy back own shares within one day in the amount which does not exceed 50% of the average daily volume on the regulated market;

5.1.8. The buy-back of own shares shall be carried out in accordance with the Commission Regulation (EC) No 2273/2003 dated 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council with regard to exemptions for buy-back programmes and stabilisation of financial instruments;

5.1.9. To authorize the Management Board of AS Silvano Fashion Group to enter into a contract with an investment company or a credit institution as the organizer of the buy-back of own shares within one month from the determination of the conditions of the buy-back programme of own shares.

Tabulation of the votes:

For: 24 565 170 votes, representing 100% of the votes of the AGM and 64.64% from the share capital

Against: 0 votes, representing 0% of the votes of the AGM and 0% from the share capital

Impartial: 965 votes, representing 0% of the votes of the AGM and 0% from the share capital

Did not vote: 3 votes, representing 0% of the votes of the AGM and 0% from the share capital

The resolutions were adopted at the Meeting following the procedure for passing of resolutions set forth in laws and in the Articles of Association of the Company.

The protocol of the meeting, and related documents shall be made available to investors within 1 (one) week from the Meeting at SFG website http://www.silvanofashion.com/investors/shareholders-meetings.html.

Jarek Särgava


Chairman of Board of Silvano Fashion Group


E-mail: info@silvanofashion.com


Tel: +372 684 5000; Fax: +372 684 5300


Address: Tulika 15/17, 10613 Tallinn, Estonia 


http://www.silvanofashion.com

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Proponowanym dniem prawa do dywidendy jest 13 lipca.

Akcjonariusze spółki zdecydować mają także o skupie do 1 mln akcji własnych. Maksymalna cena, po której będą skupowane akcje, wynosić ma 2,7 euro za sztukę. (PAP)

sar/ asa/

The Management Board of AS Silvano Fashion Group, registry code 10175491, registered address Tulika 15/17, 10613 Tallinn, (hereinafter SFG) convenes an annual general meeting of shareholders on 29th of June 2016 at 12:00 noon (Estonian time) in Radisson Blu Hotel Olümpia conference hall "Epsilon", address Liivalaia 33, 10118 Tallinn, Estonia.

The registration of participants of the General Meeting starts at 11:30 a.m. (Estonian time) at the venue of the meeting.

I Agenda

The agenda of the annual general meeting of shareholders is the following:

1. Approval of the 2015 Annual Report of AS Silvano Fashion Group;

2. Distribution of the 2015 profit of AS Silvano Fashion Group;

3. Election of the auditor of AS Silvano Fashion Group for 2016 fiscal year and determination of auditor's fee;

4. Reduction of the share capital of AS Silvano Fashion Group;

5. Determination of the conditions of the own share buy-back programme of AS Silvano Fashion Group;

II Proposals of the Management Board and the Supervisory Board

The Management Board and the Supervisory Board make the following proposals to the shareholders with regard to the agenda:

1. Approval of the 2015 Annual Report of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

1.1. To approve the 2015 Annual Report of AS Silvano Fashion Group.

2. Distribution of the 2015 profit of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

2.1. To approve the profit of the 2015 financial year in amount of EUR 9,689,000;

2.2. To make no allocations from the 2015 profit of AS Silvano Fashion Group into the reserve capital of AS Silvano Fashion Group. Following the reduction of the share capital, the reserve capital of AS Silvano Fashion Group will correspond to the requirements provided in Article 336(2) of the Estonian Commercial Code;

2.3.To distribute the profit by paying dividends to the shareholders of AS Silvano Fashion Group as follows:

2.3.1. The list of shareholders of AS Silvano Fashion Group entitled to profit distribution shall be fixed on 13th of July 2016 at 11:59 p.m.

2.3.2. EUR 0.15.- per share shall be payable to the entitled shareholders as a dividend at the latest on 15th of July 2016;

2.4. To allocate the rest of the profit of AS Silvano Fashion Group from the 2015 financial year into the undistributed profit of previous periods.

3. Election of the auditor of AS Silvano Fashion Group for 2016 fiscal year and determination of auditor's fee

Proposal of the Management Board and the Supervisory Board:

3.1. To elect audit company AS PricewaterhouseCoopers (registry code 10142876, address Pärnu mnt 15, 10141 Tallinn) as the auditor of AS Silvano Fashion group, whose authorities shall be valid until the next ordinary general meeting of AS Silvano Fashion Group;

3.2. To authorize the Management Board of AS Silvano Fashion Group to sign an auditing agreement with the audit company AS PricewaterhouseCoopers for the auditing of AS Silvano Fashion Group 2016 business activities at a price that does not exceed the price paid for the auditing services of AS Silvano Fashion Group in 2015 fiscal year.

4. Reduction of the share capital of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

4.1. The reason for reducing the share capital of AS Silvano Fashion Group is a need to reduce the share capital of AS Silvano Fashion Group and to cancel the 1,000,000 own shares acquired within the own share buy-back programme as approved by the shareholders of AS Silvano Fashion Group on 29th of June 2015;

4.2. The share capital of AS Silvano Fashion Group shall be reduced by EUR 300,000 from the former EUR 11,400,000 to EUR 11,100,000;

4.3. Upon the reduction of the share capital of AS Silvano Fashion Group, the 1,000,000 own shares acquired within the own share buy-back programme as approved by the shareholders of AS Silvano Fashion Group on 29 June 2015 shall be cancelled;

4.4. Upon the reduction of the share capital of AS Silvano Fashion Group, the share capital of AS Silvano Fashion Group shall be divided into 37,000,000 shares with the nominal value of EUR 0.30.

5. Determination of the conditions of the own share buy-back programme of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

5.1. To approve the own share buy-back program of AS Silvano Fashion Group on the following conditions:

5.1.1. The sole purpose of the buy-back programme of own shares of AS Silvano Fashion Group is the reduction of the share capital of AS Silvano Fashion Group;

5.1.2. AS Silvano Fashion Group shall have a right to buy back own shares with one transaction or in parts within the time period from 30 June 2016 until 29 June 2017;

5.1.3. AS Silvano Fashion Group shall have a right to buy back maximum of 1,000,000 own shares;

5.1.4. The maximum price at which AS Silvano Fashion Group may buy back its own shares within the own share buy-back programme is EUR 2.70.- per share;

5.1.5. The acquired own shares shall be acquired from the assets that exceed the registered share capital, reserve capital and share premium of AS Silvano Fashion Group;

5.1.6. The sum of the nominal values of the own shares acquired within the buy-back programme and of the previously acquired own shares of AS Silvano Fashion Group may not exceed 10% of the share capital of AS Silvano Fashion Group;

5.1.7. To authorize the Management Board of AS Silvano Fashion Group, in the cases of extreme low liquidity on the market, to exceed the limit of 25% of the average daily volume of the shares in any one day on the regulated market which is provided for in Article 5 subsection 2 of Commission Regulation (EC) No 2273/2003 and to buy back own shares within one day in the amount which does not exceed 50% of the average daily volume on the regulated market;

5.1.8. The buy-back of own shares shall be carried out in accordance with the Commission Regulation (EC) No 2273/2003 dated 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council with regard to exemptions for buy-back programmes and stabilisation of financial instruments;

5.1.9. To authorize the Management Board of AS Silvano Fashion Group to enter into a contract with an investment company or a credit institution as the organizer of the buy-back of own shares within one month from the determination of the conditions of the buy-back programme of own shares.

III Organizational questions

The list of the shareholders entitled to participate in the ordinary general meeting shall be fixed 7 days prior to the date of the General Meeting, i.e. on 22 June 2016 at 11:59 p.m. (Estonian time).

At the General Meeting, a shareholder is entitled to receive information from the Management Board about the activities of SFG. The Management Board may decide to withhold information if there is a reason to believe that the disclosure of information may cause significant damage to the interests of SFG. If the Management Board refuses to disclose information, the shareholder may demand from the General Meeting to adopt a resolution regarding to the lawfulness of the information request or file a petition to a court of law within two weeks of the General Meeting requesting the court for the ruling requiring the Management Board to disclose the information.

The shareholders whose shares represent at least 1/20 of the share capital may request for additional items to be included in the agenda of the General Meeting, if the respective request is submitted in writing at least 15 days prior to the General Meeting.

The shareholders whose shares represent at least 1/20 of the share capital may present their draft resolutions to each item in the agenda in writing no later than 3 days before the General Meeting.

Draft resolution regarding to the agenda items and other documents presented to the General Meeting (including annual report, report of the sworn auditor, profit distribution proposal and report of the Supervisory Board) are available for examination on every working day as of the notification of the General Meeting until the business day preceding the day of the General Meeting at the headquarters of the Company at Tulika 15/17, Tallinn on business days from 9 a.m. until 5 p.m. (Estonian time).

On the day of the General Meeting the materials related to the agenda of the General Meeting are available for examination at the venue of the General Meeting as of the opening of registration of participants until the end of the General Meeting. In order to examine the documents: (1) the shareholders who are natural persons are required to present a document verifying their identity and their representatives are additionally required to present the power of attorney in written form; (2) the representatives of the shareholders who are legal entities shall present (a) an extract from the registry where the legal entity is registered; and (b) a document verifying the identity of representative; and (c) in case of representation on the basis of proxy, also a power of attorney.

Documents and data which are disclosed according to Article 2941 of the Estonian Commercial Code, including the Annual Report, report of the sworn auditor, profit distribution proposal, report of the Supervisory Board, draft resolutions regarding to the agenda items, data on the Company's shares and voting rights related to the shares as of the date of the notice on the convening of the General Meeting and the templates of power of attorney are available on the homepage of the Company: http://www.silvanofashion.com.

The following documents must be submitted to participate in the General Meeting:

- the shareholders who are natural persons shall present a document verifying their identity and their representatives shall present the power of attorney in written form;

- the representatives of the shareholders who are legal entities shall present (a) an extract from the registry where the legal entity is registered; and (b) a document verifying the identity of representative; (c) in case of representation on the basis of proxy, also a power of attorney.

Unless otherwise provided by a foreign agreement, a document issued by a foreign authority shall be duly apostilled or legalized. Documents in foreign language should be accompanied by the translation into Estonian, verified by relevant institution.

Prior to the General Meeting the shareholder may notify the Company of the appointment of a representative or the revocation of the representative's authority by sending a digitally signed e-mail message to info@silvanofashion.com or by delivering the information in person on workdays between 9 a.m. to 5 p.m. (Estonian time) or via mail to AS Silvano Fashion Group, Tulika 15/17, 10613 Tallinn, Estonia by 5 p.m. (Estonian time) on the business day preceding the day of the General Meeting.

For any information regarding the general meeting of the shareholders or the agenda items, please contact Jarek Särgava (e-mail info@silvanofashion.com; phone +372 684 5000).

Jarek Särgava

Member of the Board

Silvano Fashion Group

E-mail: info@silvanofashion.com

Tel: +372 684 5000; Fax: +372 684 5300

Address: Tulika 15/17, 10613 Tallinn, Estonia

http://www.silvanofashion.com

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During the period from 23.05.2016 until 27.05.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

23.05.16 9 740 1.9200 18 700.80

24.05.16 1 316 1.9000 2 500.40

25.05.16 0 0 0

26.05.16 0 0 0

27.05.16 0 0 0

Total amount: 11 056 1.9176 21 201.20

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

1 000 000 1.4269 1 426 906.68

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 1 000 000 shares in total for the total amount of 1 426 906.68 Euros, resulting an average acquisition cost of 1.4269 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

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During the period from 16.05.2016 until 20.05.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

16.05.16 8 941 1.9745 17 654.00

17.05.16 9 850 1.9500 19 207.50

18.05.16 9 590 1.8900 18 125.10

19.05.16 0 0 0

20.05.16 9 735 1.9300 18 788.55

Total amount: 38 116 1.9355 73 775.15

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

988 944 1.4214 1 405 705.48

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 988 944 shares in total for the total amount of 1 405 705.48 Euros, resulting an average acquisition cost of 1.4214 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

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During the period from 09.05.2016 until 13.05.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

09.05.16 5 125 1.7500 8 968.75

10.05.16 6 380 1.8319 11 687.52

11.05.16 6 645 1.8400 12 226.80

12.05.16 7 210 1.8600 13 410.60

13.05.16 8 045 1.9174 15 425.48

Total amount: 33 405 1.8476 61 719.16

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

950 828 1.4008 1 331 930.32

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 950 828 shares in total for the total amount of 1 331 930.32 Euros, resulting an average acquisition cost of 1.4008 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

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During the period from 02.05.2016 until 06.05.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

02.05.16 5 015 1.6622 8 335.93

03.05.16 4 995 1.6996 8 489.50

04.05.16 5 320 1.7100 9 097.20

05.05.16 0 0 0

06.05.16 4 910 1.7100 8 396.10

Total amount: 20 240 1.6956 34 318.74

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

917 423 1.3845 1 270 211.17

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 917 423 shares in total for the total amount of 1 270 211.17 Euros, resulting an average acquisition cost of 1.3845 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

Więcej na: biznes.pap.pl

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During the period from 25.04.2016 until 29.04.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

25.04.16 5 490 1.6300 8 948.70

26.04.16 1 442 1.6100 2 321.62

27.04.16 5 480 1.6200 8 877.60

28.04.16 5 385 1.6200 8 723.70

29.04.16 4 940 1.6100 7 953.40

Total amount: 22 737 1.6196 36 825.02

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

897 183 1.3775 1 235 892.43

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 897 183 shares in total for the total amount of 1 235 892.43 Euros, resulting an average acquisition cost of 1.3775 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 18.04.2016 until 22.04.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

18.04.16 7 580 1.5600 11 824.80

19.04.16 303 1.5600 472.68

20.04.16 7 450 1.5900 11 845.50

21.04.16 0 0 0

22.04.16 4 040 1.6000 6 464.00

Total amount: 19 373 1.5799 30 606.98

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

874 446 1.3712 1 199 067.41

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 874 446 shares in total for the total amount of 1 199 067.41 Euros, resulting an average acquisition cost of 1.3712 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 11.04.2016 until 15.04.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

11.04.16 0 0 0

12.04.16 8 030 1.5800 12 687.40

13.04.16 8 160 1.5500 12 648.00

14.04.16 8 315 1.5500 12 888.25

15.04.16 8 260 1.5800 13 050.80

Total amount: 32 765 1.5649 51 274.45

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

855 073 1.3665 1 168 460.43

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 855 073 shares in total for the total amount of 1 168 460.43 Euros, resulting an average acquisition cost of 1.3665 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 04.04.2016 until 08.04.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

04.04.16 0 0 0

05.04.16 9 890 1.5600 15 428.40

06.04.16 0 0 0

07.04.16 0 0 0

08.04.16 10 352 1.5700 16 252.64

Total amount: 20 242 1.5651 31 681.04

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

822 308 1.3586 1 117 185.98

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 822 308 shares in total for the total amount of 1 117 185.98 Euros, resulting an average acquisition cost of 1.3586 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 28.03.2016 until 01.04.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

28.03.16 0 0 0

29.03.16 200 1.5200 304.00

30.03.16 11 530 1.5300 17 640.90

31.03.16 11 085 1.5200 16 849.20

01.04.16 7 880 1.5100 11 898.80

Total amount: 30 695 1.5212 46 692.90

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

802 066 1.3534 1 085 504.94

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 802 066 shares in total for the total amount of 1 038 812.04 Euros, resulting an average acquisition cost of 1.3534 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 21.03.2016 until 24.03.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

21.03.16 13 910 1.5600 21 699.60

22.03.16 0 0 0

23.03.16 12 500 1.5942 19 927.50

24.03.16 12 285 1.5700 19 287.45

Total amount: 38 695 1.5742 60 914.55

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

771 371 1.3467 1 038 812.04

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 771 371 shares in total for the total amount of 1 038 812.04 Euros, resulting an average acquisition cost of 1.3467 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 14.03.2016 until 18.03.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

14.03.16 121 1.4800 179.08

15.03.16 0 0 0

16.03.16 14 175 1.5000 21 262.50

17.03.16 0 0 0

18.03.16 0 0 0

Total amount: 14 296 1.4998 21 441.58

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

732 676 1.3347 977 897.49

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 732 676 shares in total for the total amount of 977 897.49 Euros, resulting an average acquisition cost of 1.3347 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 7.03.2016 until 11.03.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

07.03.16 13 465 1.5000 20 197.50

08.03.16 13 550 1.4900 20 189.50

09.03.16 13 455 1.4900 20 047.95

10.03.16 11 168 1.4641 16 351.07

11.03.16 3 471 1.4700 5 102.37

Total amount: 55 109 1.4859 81 888.39

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

718 380 1.3314 956 455.91

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 718 380 shares in total for the total amount of 956 455.91 Euros, resulting an average acquisition cost of 1.3314 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 29.02.2016 until 04.03.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

29.02.16 11 170 1.4000 15 638.00

01.03.16 7 580 1.4000 10 612.00

02.03.16 12 072 1.4450 17 444.04

03.03.16 12 970 1.5000 19 455.00

04.03.16 13 252 1.5275 20 242.43

Total amount: 57 044 1.4619 83 391.47

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

663 271 1.3186 874 567.52

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 663 271 shares in total for the total amount of 874 567.52 Euros, resulting an average acquisition cost of 1.3186 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 22.02.2016 until 26.02.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

22.02.16 8 660 1.2800 11 084.80

23.02.16 9 535 1.3000 12 395.50

24.02.16 0 0 0

25.02.16 207 1.3500 279.45

26.02.16 10 480 1.3800 14 462.40

Total amount: 28 882 1.3234 38 222.15

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

606 227 1.3051 791 176.05

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 606 227 shares in total for the total amount of 791 176.05 Euros, resulting an average acquisition cost of 1.3051 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 15.02.2016 until 19.02.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

15.02.16 7 455 1.2200 9 095.10

16.02.16 7 445 1.2200 9 082.90

17.02.16 0 0 0

18.02.16 8 900 1.2400 11 036,00

19.02.16 7 175 1.2400 8 897.00

Total amount: 30 975 1.2304 38 111.00

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

577 345 1.3042 752 953.90

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 577 345 shares in total for the total amount of 752 953.90Euros, resulting an average acquisition cost of 1.3042 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 08.02.2016 until 12.02.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

08.02.16 5 375 1.2600 6 772.50

09.02.16 5 675 1.2500 7 093.75

10.02.16 6 405 1.2300 7 878.15

11.02.16 6 900 1.2300 8 487.00

12.02.16 7 315 1.2200 8 924.30

Total amount: 31 670 1.2364 39 155.70

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

546 370 1.3083 714 842.90

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 546 370 shares in total for the total amount of 714 842.90 Euros, resulting an average acquisition cost of 1.3083 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 01.02.2016 until 05.02.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

01.02.16 0 0 0

02.02.16 5 335 1.2600 6 722.10

03.02.16 5 355 1.2600 6 747.30

04.02.16 5 510 1.2500 6 887.50

05.02.16 5 375 1.2500 6 718.75

Total amount: 21 575 1.2550 27 075.65

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

514 700 1.3128 675 687.20

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 514 700 shares in total for the total amount of 675 687.20 Euros, resulting an average acquisition cost of 1.3128 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 25.01.2016 until 29.01.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

25.01.16 4 935 1.2500 6 168.75

26.01.16 5 240 1.2400 6 497.60

27.01.16 0 0 0

28.01.16 0 0 0

29.01.16 5 075 1.2600 6 394.50

Total amount: 15 250 1.2499 19 060.85

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

493 125 1.3153 648 611.55

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 493 125 shares in total for the total amount of 648 611.55 Euros, resulting an average acquisition cost of 1.3153 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 18.01.2016 until 22.01.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

18.01.16 2 275 1.2700 2 889.25

19.01.16 2 525 1.2700 3 206.75

20.01.16 0 0 0

21.01.16 2 535 1.2700 3 219.45

22.01.16 4 550 1.2400 5 642.00

Total amount: 11 885 1.2585 14 957.45

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

477 875 1.3174 629 550.70

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 477 875shares in total for the total amount of 629 550.70 Euros, resulting an average acquisition cost of 1.3174 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 11.01.2016 until 15.01.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total EUR EUR

11.01.16 926 1.2700 1 176.02

12.01.16 0 0 0

13.01.16 0 0 0

14.01.16 0 0 0

15.01.16 2 445 1.2800 3 129.60

Total amount: 3 371 1.2773 4 305.62

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

465 990 1.3189 614 593.25

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 465 990 shares in total for the total amount of 614 593.25 Euros, resulting an average acquisition cost of 1.3189 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 04.01.2016 until 08.01.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

04.01.16 3 050 1.2800 3 904.00

05.01.16 2 835 1.2800 3 628.80

06.01.16 2 765 1.2800 3 539.20

07.01.16 2 795 1.2800 3 577.60

08.01.16 1 085 1.2700 1 377.95

Total amount: 12 530 1.2791 16 027.55

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

462 619 1.3192 610 287.63

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 462 619 shares in total for the total amount of 610 287.63 Euros, resulting an average acquisition cost of 1.3192 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 28.12.2015 until 01.01.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

28.12.15 6 275 1.2900 8 094.75

29.12.15 0 0 0

30.12.15 5 325 1.2800 6 816.00

31.12.15 0 0 0

01.01.16 0 0 0

Total amount: 11 600 1.2854 14 910.75

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

450 089 1.3203 594 260.08

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 450 089 shares in total for the total amount of 594 260.08 Euros, resulting an average acquisition cost of 1.3203 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 21.12.2015 until 25.12.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

21.12.15 2 000 1.2800 2 560.00

22.12.15 0 0 0

23.12.15 1 500 1.2900 1 935.00

24.12.15 0 0 0

25.12.15 0 0 0

Total amount: 3 500 1.2843 4 495.00

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

438 489 1.3212 579 349.33

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 438 489 shares in total for the total amount of 579 349,33 Euros, resulting an average acquisition cost of 1.3212 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 14.12.2015 until 18.12.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

14.12.15 5 695 1.2800 7 289.60

15.12.15 850 1.2800 1 088.00

16.12.15 966 1.2800 1 236.48

17.12.15 5 840 1.2800 7 475.20

18.12.15 0 0 0

Total amount: 13 351 1.2800 17 089.28

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

434 989 1.3215 574 854.33

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 434 989 shares in total for the total amount of 574 854.33 Euros, resulting an average acquisition cost of 1.3215 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 07.12.2015 until 11.12.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

07.12.15 1 000 1.2900 1 290.00

08.12.15 1 000 1.2900 1 290.00

09.12.15 3 000 1.2900 3 870.00

10.12.15 1 000 1.3000 1 300.00

11.12.15 915 1.2900 1 180.35

Total amount: 6 915 1.2914 8 930.35

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

421 638 1.3229 557 765.05

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 421 638 shares in total for the total amount of 557 765.05 Euros, resulting an average acquisition cost of 1.3229 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

The amendment of the announcement released on 04.12.2015 concerns change in the amount of shares acquired on 30.11.2015, affecting the buyback amount for the reporting period. Current amendment does not affect cumulative amount of shares bought back and no further changes were made to the published information.

During the period from 30.11.2015 until 04.12.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

30.11.15 4 775 1.3100 6 255.25

01.12.15 4 273 1.2995 5 552.76

02.12.15 0 0 0

03.12.15 0 0 0

04.12.15 7 495 1.2900 9 668.55

Total amount: 16 543 1.2982 21 476.56

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

414 723 1.3234 548 834.70

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 414 723 shares in total for the total amount of 548 834.70 Euros, resulting an average acquisition cost of 1.3234 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 30.11.2015 until 04.12.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

30.11.15 0 0 0

01.12.15 4 273 1,2995 5 552,76

02.12.15 0 0 0

03.12.15 0 0 0

04.12.15 7 495 1,2900 9 668,55

Total amount: 11 768 1,2934 15 221,31

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

414 723 1,3234 548 834,70

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 414 723 shares in total for the total amount of 548 834,70 Euros, resulting an average acquisition cost of 1,3234 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 23.11.2015 until 27.11.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

23.11.15 700 1.2700 889.00

24.11.15 1 035 1.2700 1 314.45

25.11.15 1 817 1.2800 2 325.76

26.11.15 4 310 1.2600 5 430.6

27.11.15 4 480 1.2500 5 600.00

Total amount: 12 342 1.2607 15 559.81

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

398 180 1.3244 527 358.14

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 398 180 shares in total for the total amount of 527 358.14 Euros, resulting an average acquisition cost of 1.3244 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 16.11.2015 until 20.11.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

16.11.15 1 610 1.2700 2 044.70

17.11.15 830 1.2700 1 054.10

18.11.15 3 550 1.2656 4 492.88

19.11.15 0 0 0

20.11.15 0 0 0

Total amount: 5 990 1.2674 7 591.68

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

385 838 1.3265 511 798.33

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 385 838 shares in total for the total amount of 511 798.33 Euros, resulting an average acquisition cost of 1.3265 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 09.11.2015 until 13.11.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

09.11.15 5 775 1,2643 7 301,33

10.11.15 575 1,2600 724,50

11.11.15 3 725 1,2527 4 666,31

12.11.15 2 757 1,2600 3 473,82

13.11.15 1 000 1,2700 1 270,00

Total amount: 13 832 1,2606 17 435,96

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

379 848 1,3274 504 206,65

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 379 848 shares in total for the total amount of 504 206,65 Euros, resulting an average acquisition cost of 1,3274 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 02.11.2015 until 06.11.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

02.11.15 3 000 1.2800 3 840,00

03.11.15 480 1.2800 614,40

04.11.15 4 665 1.2754 5 949,74

05.11.15 0 0 0

06.11.15 4 620 1.2654 5 846,15

Total amount: 12 765 1.2730 16 250.29

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

366 016 1.3299 486 770,69

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 366 016 shares in total for the total amount of 486 770,69 Euros, resulting an average acquisition cost of 1.3299 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 26.10.2015 until 30.10.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

26.10.15 1 625 1.3000 2 112.50

27.10.15 3 200 1.3000 4 160.00

28.10.15 5 550 1.2900 7 159.50

29.10.15 6 990 1.2800 8 947.20

30.10.15 0 000 0 0

Total amount: 17 365 1.2888 22 379.20

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

353 251 1.3320 470 520.4

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 353 251 shares in total for the total amount of 470 520.4 Euros, resulting an average acquisition cost of 1.3320 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 19.10.2015 until 23.10.2015 the following buyback

transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

19.10.15 0 0 0

20.10.15 1 000 1.2800 1 280.00

21.10.15 0 0 0

22.10.15 2 475 1.2900 3 192.75

23.10.15 2 000 1.2999 2 599.80

Total amount: 5 475 1.2918 7 072.55

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

335 886 1.3342 448 141.20

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion

Group has acquired 335 886 shares in total for the total amount of 448 141.20

Euros, resulting an average acquisition cost of 1.3342 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

In connection with expiration of the term of the board member agreement, Mr.

Märt Meerits shall leave the company from October 26, 2015.

In connection with concluding the board member agreement, Mr. Jarek Särgava

shall become the new board member of Silvano Fashion Group effective from

October 26, 2015.

For the past three years, Mr. Särgava served as the board member of Organic

Trade OÜ, Estonia.

Mr. Särgava does not own Silvano Fashion Group shares at the moment of

appointment into the company.

Aleksei Kadõrko

member of the board

Silvano Fashion Group

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 12.10.2015 until 16.10.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

12.10.15 0 0 0

13.10.15 0 0 0

14.10.15 3 000 1.2600 3 780.00

15.10.15 2 390 1.2600 3 011.40

16.10.15 5 300 1.2700 6 731.00

Total amount: 10 690 1.2650 13 522.40

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

330 411 1.3349 441 068.65

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 330 411 shares in total for the total amount of 441 068.65 Euros, resulting an average acquisition cost of 1.3349 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 05.10.2015 until 09.10.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares

bought back Average share price Cost in total

EUR EUR

05.10.15 2 325 1.2400 2 883.00

06.10.15 0 0 0

07.10.15 0 0 0

08.10.15 4 730 1.2418 5 873.71

09.10.15 620 1.2400 768.80

Total amount: 7 675 1.2411 9 525.51

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

319 721 1.3372 427 546.25

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 319 721 shares in total for the total amount of 427 546.25 Euros, resulting an average acquisition cost of 1.3372 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

On October 06, 2015, the decrease of share capital of Silvano Fashion Group AS was registered in the Commercial Register based on the resolutions adopted by the General Meeting of Shareholders of the Company held on June 29, 2015. The new registered share capital of the Company is 11 400 000 euros, which is divided into 38 000 000 ordinary shares with nominal value of 0.30 euros per share.



Aleksei Kadõrko


Chief Financial Officer


Silvano Fashion Group


info@silvanofashion.com


00 372 6845 000

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 28.09.2015 until 02.10.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares

bought back Average share price Cost in total

EUR EUR

28.09.15 1 825 1.2700 2 317.75

29.09.15 3 775 1.2553 4 738.76

30.09.15 1 550 1.2400 1 922.00

01.10.15 1 160 1.2600 1 461.60

02.10.15 2 190 1.2591 2 757.43

Total amount: 10 500 1.2569 13 197.54

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

312 046 1.3396 418 020.74

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 312 046 shares in total for the total amount of 418 020.74 Euros, resulting an average acquisition cost of 1.3396 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 21.09.2015 until 25.09.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price

Cost in total

EUR EUR

21.09.15 2 800 1.2800 3 584.00

22.09.15 5 600 1.2696 7 109.76

23.09.15 0 0 0

24.09.15 2 790 1.2673 3 535.77

25.09.15 706 1.2700 896.62

Total amount: 11 896 1.2715 15 126.15

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

301 546 1.3425 404 823.20

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 301 546 shares in total for the total amount of 404 823.20 Euros, resulting an average acquisition cost of 1.3425 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 14.09.2015 until 18.09.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares

bought back Average share price Cost in total

EUR EUR

14.09.15 0 0 0

15.09.15 3 000 1.2867 3 860.10

16.09.15 1 425 1.2900 1 838.25

17.09.15 0 0 0

18.09.15 2 958 1.2800 3 786.24

Total amount: 7 383 1.2847 9 484.59

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

289 650 1.3454 389 697.05

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 289 650 shares in total for the total amount of 389 697.05 Euros, resulting an average acquisition cost of 1.3454 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 07.09.2015 until 11.09.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

07.09.15 1 000 1.3100 1 310.00

08.09.15 4 000 1.3100 5 240.00

09.09.15 1 301 1.3100 1 704.31

10.09.15 8 375 1.2848 10 760.20

11.09.15 4 000 1.2850 5 140.00

Total amount: 18 676 1.2933 24 154.51

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

282 267 1.3470 380 212.46

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 282 267 shares in total for the total amount of 380 212.46 Euros, resulting an average acquisition cost of 1.3470 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 31.08.2015 until 04.09.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

31.08.15 3 175 1.2800 4 064.00

01.09.15 6 000 1.2833 7 699.80

02.09.15 7 250 1.2902 9 353.95

03.09.15 0 0 0

04.09.15 2 000 1.3200 2 640.00

Total amount: 18 425 1.2894 23 757.75

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

263 591 1.3508 356 057.95

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 263 591 shares in total for the total amount of 356 057.95 Euros, resulting an average acquisition cost of 1.3508 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 24.08.2015 until 28.08.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares

bought back Average share price Cost in total

EUR EUR

24.08.15 6 250 1.2700 7 937.50

25.08.15 3 385 1.2463 4 218.73

26.08.15 3 350 1.2581 4 214.64

27.08.15 7 150 1.2883 9 211.35

28.08.15 7 975 1.2800 10 208.00

Total amount: 28 110 1.2732 35 790.21

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

245 166 1.3554 332 300.20

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 245 166 shares in total for the total amount of 332 300.20 Euros, resulting an average acquisition cost of 1.3554 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 17.08.2015 until 21.08.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares Average share price Cost in total

bought back

EUR EUR

17.08.15 0 0 0

18.08.15 3 700 1.3546 5 012.02

19.08.15 4 946 1.3416 6 635.55

20.08.15 0 0 0

21.08.15 5 930 1.3215 7 836.50

Total amount: 14 576 1.3367 19 484.07

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

217 056 1.3661 296 510.00

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion

Group has acquired 217 056 shares in total for the total amount of 296 510.00

Euros, resulting an average acquisition cost of 1.3661 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 10.08.2015 until 14.08.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

10.08.15 3 500 1.3486 4 720.10

11.08.15 2 345 1.3900 3 259.55

12.08.15 0 0 0

13.08.15 480 1.3700 657.60

14.08.15 2 000 1.3700 2 740.00

Total amount: 8 325 1.3666 11 377.25

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

202 480 1.3682 277 025.93

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 202 480 shares in total for the total amount of 277 025.93 Euros, resulting an average acquisition cost of 1.3682 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Więcej na: biznes.pap.pl

kom espi zdz

Więcej na: biznes.pap.pl

kom espi zdz

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 03.08.2015 until 07.08.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

03.08.15 6 500 1.3000 8 450.00

04.08.15 9 500 1.3168 12 509.60

05.08.15 2 000 1.3300 2 660.00

06.08.15 5 200 1.3244 6 886.88

07.08.15 1 000 1.3100 1 310.00

Total amount: 24 200 1.3147 31 816.48

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

194 155 1.3682 265 648.68

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 194 155 shares in total for the total amount of 265 648.68 Euros, resulting an average acquisition cost of 1.3682 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 27.07.2015 until 31.07.2015 the following buyback

transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

27.07.15 8 500 1.3282 11 289.70

28.07.15 11 000 1.3100 14 410.00

29.07.15 250 1.3100 327.50

30.07.15 1 000 1.3200 1 320.00

31.07.15 7 000 1.3079 9 155.30

Total amount: 27 750 1.3154 36 502.50

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

169 955 1.3758 233 832.20

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion

Group has acquired 169 955 shares in total for the total amount of 233 832.20

Euros, resulting an average acquisition cost of 1.3758 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 20.07.2015 until 24.07.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

20.07.15 4 000 1.3763 5 505.20

21.07.15 4 855 1.3974 6 784.38

22.07.15 9 500 1.3721 13 034.95

23.07.15 3 000 1.3533 4 059.90

24.07.15 0 0 0

Total amount: 21 355 1.3760 29 384.43

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

142 205 1.3876 197 329.70

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 142 205 shares in total for the total amount of 197 329.70 Euros, resulting an average acquisition cost of 1.3876 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 13.07.2015 until 16.07.2015 the following buyback

transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

13.07.15 5 500 1.3245 7 284.75

14.07.15 2 657 1.3200 3 507.24

15.07.15 2 000 1.3200 2 640.00

16.07.15 6 000 1.3233 7 939.80

17.07.15 5 000 1.3500 6 750.00

Total amount: 21 157 1.3292 28 121.79

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

120 850 1.3897 167 945.27

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion

Group has acquired 120 850 shares in total for the total amount of 167 945.27

Euros, resulting an average acquisition cost of 1.3897 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 06.07.2015 until 10.07.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

06.07.15 7 500 1.4200 10 650.00

07.07.15 18 500 1.4300 26 455.00

08.07.15 13 000 1.4262 18 540.60

09.07.15 18 594 1.4138 26 288.20

10.07.15 12 605 1.3208 16 648.68

Total amount: 70 199 1.4043 98 582.48

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

99 693 1.4025 139 823.48

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion

Group has acquired 99 693 shares in total for the total amount of 139 823.48

Euros, resulting an average acquisition cost of 1.4025 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 30.06.2015 until 03.07.2015 the following buyback

transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

30.06.15 2 500 1.3100 3 275.00

01.07.15 1 994 1.3250 2 642.05

02.07.15 1 500 1.3700 2 055.00

03.07.15 23 500 1.4157 33 268.95

Total amount: 29 494 1.3983 41 241.00

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

29 494 1.3983 41 241.00

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion

Group has acquired 29 494 shares in total for the total amount of 41 241.00

Euros, resulting an average acquisition cost of 1.3983 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

Dniem dywidendy jest 13 lipca. Dywidenda zostanie wypłacona do 15 lipca.

Akcjonariusze spółki zdecydowali także o programie skupu do 1 mln akcji własnych. Maksymalna cena, po której będą skupowane akcje, wynosić ma 2 euro za akcję. (PAP)

morb/ asa/

The annual general meeting of shareholders of AS Silvano Fashion Group (hereinafter SFG) was held on June 29, 2015, at 12:00 noon at Radisson Blu Hotel Olümpia conference hall "Epsilon" (Liivalaia 33, Tallinn, Estonia) (hereinafter Meeting).

The agenda of the Meeting contained the items set out in the notice of the Meeting published on June 4, 2015 via the information system of NASDAQ OMX Tallinn and Warsaw Stock Exchange, on the website of SFG, and on June 5, 2015 in the daily newspaper Eesti Päevaleht, including adoption of the 2014 Annual Report, distribution of profit, election of the auditor, reduction of the share capital, adoption of the own share buy-back program and calling back and appointment of supervisory board members.

The Meeting started at 12:00 and ended at 13:15. Thirty nine (39) shareholders attended the Meeting representing 23 927 903 votes, constituting 62.97% of the voting rights of the company. Therefore the Meeting was eligible to pass resolutions regarding the items on the agenda of the Meeting.

The following resolutions were passed at the Meeting:

Item 1: Approval of the 2014 Annual Report of SFG

The Meeting decided:

1.1. To approve the Annual Report of SFG for 2014 financial year.

Tabulation of the votes:

For: 23 923 348 votes, representing 99.98% of the votes of the AGM and 61.34% from the share capital

Against: 0 votes, representing 0% of the votes of the AGM and 0% from the share capital

Impartial: 4 555 votes, representing 0.02% of the votes of the AGM and 0% from the share capital

Did not vote: 0 votes, representing 0% of the votes of the AGM and 0% from the share capital

Item 2: Distribution of the 2014 profit of SFG

The meeting decided:

2.1. To approve the profit of the 2014 financial year in amount of EUR 9,097,000;

2.2. To make no allocations from the 2014 profit of AS Silvano Fashion Group into the reserve capital of AS Silvano Fashion Group. Following the reduction of the share capital, the reserve capital of AS Silvano Fashion Group will correspond to the requirements provided in Article 336(2) of the Estonian Commercial Code;

2.3. To distribute the profit by paying dividends to the shareholders of AS Silvano Fashion Group as follows:

2.3.1. The list of shareholders of AS Silvano Fashion Group entitled to profit distribution shall be fixed on 13th of July 2015 at 11:59 p.m.

2.3.2. EUR 0.10 (ten eurocents) per share shall be payable to the entitled shareholders as a dividend at the latest on 15th of July 2015;

2.4. To allocate the rest of the profit of AS Silvano Fashion Group from the 2014 financial year into the undistributed profit of previous periods.

Tabulation of the votes:

For: 23 923 248 votes, representing 99.98% of the votes of the AGM and 61.34% from the share capital

Against: 3 690 votes, representing 0.02% of the votes of the AGM and 0% from the share capital

Impartial: 965 votes, representing 0% of the votes of the AGM and 0% from the share capital

Did not vote: 0 votes, representing 0% of the votes of the AGM and 0% from the share capital

Item 3: Election of the auditor of SFG for 2015 fiscal year and determination of auditor's fee

The meeting decided:

3.1. To elect audit company AS PricewaterhouseCoopers (registry code 10142876, address Pärnu mnt 15, 10141 Tallinn) as the auditor of AS Silvano Fashion group, whose authorities shall be valid until the next ordinary general meeting of AS Silvano Fashion Group;

3.2. To authorize the Management Board of AS Silvano Fashion Group to sign an auditing agreement with the audit company AS PricewaterhouseCoopers for the auditing of AS Silvano Fashion Group 2015 business activities at a price that does not exceed the price paid for the auditing services of AS Silvano Fashion Group in 2014 fiscal year.

Tabulation of the votes:

For: 23 923 891 votes, representing 99.98% of the votes of the AGM and 61.34% from the share capital

Against: 0 votes, representing 0% of the votes of the AGM and 0% from the share capital

Impartial: 4 012 votes, representing 0.02% of the votes of the AGM and 0% from the share capital

Did not vote: 0 votes, representing 0% of the votes of the AGM and 0% from the share capital

Item 4: Reduction of the share capital of SFG

The meeting decided:

4.1. The reason for reducing the share capital of AS Silvano Fashion Group is a need to reduce the share capital of AS Silvano Fashion Group and to cancel the 1,000,000 own shares acquired within the own share buy-back programme as approved by the shareholders of AS Silvano Fashion Group on 30th of June 2014;

4.2. The share capital of AS Silvano Fashion Group shall be reduced by EUR 300,000 from the former EUR 11,700,000 to EUR 11,400,000;

4.3. Upon the reduction of the share capital of AS Silvano Fashion Group, the 1,000,000 own shares acquired within the own share buy-back programme as approved by the shareholders of AS Silvano Fashion Group on 30 June 2014 shall be cancelled;

4.4. Upon the reduction of the share capital of AS Silvano Fashion Group, the share capital of AS Silvano Fashion Group shall be divided into 38,000,000 shares with the nominal value of EUR 0.30.

Tabulation of the votes:

For: 23 926 938 votes, representing 100% of the votes of the AGM and 61.35% from the share capital

Against: 0 votes, representing 0% of the votes of the AGM and 0% from the share capital

Impartial: 965 votes, representing 0% of the votes of the AGM and 0% from the share capital

Did not vote: 0 votes, representing 0% of the votes of the AGM and 0% from the share capital

Item 5: Determination of the conditions of the own share buy-back programme of SFG

The meeting decided:

5.1. To approve the own share buy-back program of AS Silvano Fashion Group on the following conditions:

5.1.1. The sole purpose of the buy-back programme of own shares of AS Silvano Fashion Group is the reduction of the share capital of AS Silvano Fashion Group;

5.1.2. AS Silvano Fashion Group shall have a right to buy back own shares with one transaction or in parts within the time period from 30 June 2015 until 29 June 2016;

5.1.3. AS Silvano Fashion Group shall have a right to buy back maximum of 1,000,000 own shares;

5.1.4. The maximum price at which AS Silvano Fashion Group may buy back its own shares within the own share buy-back programme is EUR 2.00 per share;

5.1.5. The acquired own shares shall be acquired from the assets that exceed the registered share capital, reserve capital and share premium of AS Silvano Fashion Group;

5.1.6. The sum of the nominal values of the own shares acquired within the buy-back programme and of the previously acquired own shares of AS Silvano Fashion Group may not exceed 10% of the share capital of AS Silvano Fashion Group;

5.1.7. To authorize the Management Board of AS Silvano Fashion Group, in the cases of extreme low liquidity on the market, to exceed the limit of 25% of the average daily volume of the shares in any one day on the regulated market which is provided for in Article 5 subsection 2 of Commission Regulation (EC) No 2273/2003 and to buy back own shares within one day in the amount which does not exceed 50% of the average daily volume on the regulated market;

5.1.8. The buy-back of own shares shall be carried out in accordance with the Commission Regulation (EC) No 2273/2003 dated 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council with regard to exemptions for buy-back programmes and stabilisation of financial instruments;

5.1.9. To authorize the Management Board of AS Silvano Fashion Group to enter into a contract with an investment company or a credit institution as the organizer of the buy-back of own shares within one month from the determination of the conditions of the buy-back programme of own shares.

Tabulation of the votes:

For: 23 915 952 votes, representing 99.95% of the votes of the AGM and 61.32% from the share capital

Against: 3 590 votes, representing 0.02% of the votes of the AGM and 0% from the share capital

Impartial: 8 361 votes, representing 0.03% of the votes of the AGM and 0.02% from the share capital

Did not vote: 0 votes, representing 0% of the votes of the AGM and 0% from the share capital

Item 6: Calling back and appointment of supervisory board members of SFG

The meeting decided:

6.1. To acknowledge that the powers of Mr. Risto Mägi and Mr. Stephan Balkin as supervisory board member ceased as of 05.03.2015 (included). To approve all transactions, activities and acts as members of the supervisory board during the period of 06.03.2015 until 29.06.2015 (included);

6.2. To extend the powers of Mr. Risto Mägi and Mr. Stephan Balkin as supervisory board members from 30.06.2015 until 29.06.2020. To extend the power of Mr. Ants Susi as supervisory board member from 07.07.2015 until 29.06.2020;

6.3. To continue with the remuneration plan of the supervisory board members as approved by the annual general meeting held on 30.06.2012.

Tabulation of the votes:

For: 19 741 035 votes, representing 82.50% of the votes of the AGM and 50.62% from the share capital

Against: 4 101 856 votes, representing 17.14% of the votes of the AGM and 10.52% from the share capital

Impartial: 85 012 votes, representing 0.36% of the votes of the AGM and 0.22% from the share capital

Did not vote: 0 votes, representing 0% of the votes of the AGM and 0% from the share capital

The resolutions were adopted at the Meeting following the procedure for passing of resolutions set forth in laws and in the Articles of Association of the Company.

The protocol of the meeting, and related documents shall be made available to investors within 1 (one) week from the Meeting at SFG website http://www.silvanofashion.com/investors/shareholders-meetings.html.

Märt Meerits


Chairman of board of Silvano Fashion Group


E-mail: info@silvanofashion.com


Tel: +372 684 5000; Fax: +372 684 5300


Address: Tulika 15/17, 10613 Tallinn, Estonia 


http://www.silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

The Management Board of AS Silvano Fashion Group, registry code 10175491, registered address Tulika 15/17, 10613 Tallinn, (hereinafter SFG) convenes an annual general meeting of shareholders on 29th of June 2015 at 12:00 noon (Estonian time) in Radisson Blu Hotel Olümpia conference hall "Epsilon", address Liivalaia 33, 10118 Tallinn, Estonia.

The registration of participants of the General Meeting starts at 11:30 a.m. (Estonian time) at the venue of the meeting.

I Agenda

The agenda of the annual general meeting of shareholders is the following:

1. Approval of the 2014 Annual Report of AS Silvano Fashion Group;

2. Distribution of the 2014 profit of AS Silvano Fashion Group;

3. Election of the auditor of AS Silvano Fashion Group for 2015 fiscal year and determination of auditor's fee;

4. Reduction of the share capital of AS Silvano Fashion Group;

5. Determination of the conditions of the own share buy-back programme of AS Silvano Fashion Group;

6. Calling back and appointment of supervisory board members of AS Silvano Fashion Group.

II Proposals of the Management Board and the Supervisory Board

The Management Board and the Supervisory Board make the following proposals to the shareholders with regard to the agenda:

1. Approval of the 2014 Annual Report of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

1.1. To approve the 2014 Annual Report of AS Silvano Fashion Group.

2. Distribution of the 2014 profit of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

2.1. To approve the profit of the 2014 financial year in amount of EUR 9,097,000;

2.2. To make no allocations from the 2014 profit of AS Silvano Fashion Group into the reserve capital of AS Silvano Fashion Group. Following the reduction of the share capital, the reserve capital of AS Silvano Fashion Group will correspond to the requirements provided in Article 336(2) of the Estonian Commercial Code;

2.3. To distribute the profit by paying dividends to the shareholders of AS Silvano Fashion Group as follows:

2.3.1. The list of shareholders of AS Silvano Fashion Group entitled to profit distribution shall be fixed on 13th of July 2015 at 11:59 p.m.

2.3.2. EUR 0.10 (ten eurocents) per share shall be payable to the entitled shareholders as a dividend at the latest on 15th of July 2015;

2.4. To allocate the rest of the profit of AS Silvano Fashion Group from the 2014 financial year into the undistributed profit of previous periods.

3. Election of the auditor of AS Silvano Fashion Group for 2015 fiscal year and determination of auditor's fee

Proposal of the Management Board and the Supervisory Board:

3.1. To elect audit company AS PricewaterhouseCoopers (registry code 10142876, address Pärnu mnt 15, 10141 Tallinn) as the auditor of AS Silvano Fashion group, whose authorities shall be valid until the next ordinary general meeting of AS Silvano Fashion Group;

3.2. To authorize the Management Board of AS Silvano Fashion Group to sign an auditing agreement with the audit company AS PricewaterhouseCoopers for the auditing of AS Silvano Fashion Group 2015 business activities at a price that does not exceed the price paid for the auditing services of AS Silvano Fashion Group in 2014 fiscal year.

4. Reduction of the share capital of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

4.1. The reason for reducing the share capital of AS Silvano Fashion Group is a need to reduce the share capital of AS Silvano Fashion Group and to cancel the 1,000,000 own shares acquired within the own share buy-back programme as approved by the shareholders of AS Silvano Fashion Group on 30th of June 2014;

4.2. The share capital of AS Silvano Fashion Group shall be reduced by EUR 300,000 from the former EUR 11,700,000 to EUR 11,400,000;

4.3. Upon the reduction of the share capital of AS Silvano Fashion Group, the 1,000,000 own shares acquired within the own share buy-back programme as approved by the shareholders of AS Silvano Fashion Group on 30 June 2014 shall be cancelled;

4.4. Upon the reduction of the share capital of AS Silvano Fashion Group, the share capital of AS Silvano Fashion Group shall be divided into 38,000,000 shares with the nominal value of EUR 0.30.

5. Determination of the conditions of the own share buy-back programme of AS Silvano Fashion Group

Proposal of the Management Board and the Supervisory Board:

5.1. To approve the own share buy-back program of AS Silvano Fashion Group on the following conditions:

5.1.1. The sole purpose of the buy-back programme of own shares of AS Silvano Fashion Group is the reduction of the share capital of AS Silvano Fashion Group;

5.1.2. AS Silvano Fashion Group shall have a right to buy back own shares with one transaction or in parts within the time period from 30 June 2015 until 29 June 2016;

5.1.3. AS Silvano Fashion Group shall have a right to buy back maximum of 1,000,000 own shares;

5.1.4. The maximum price at which AS Silvano Fashion Group may buy back its own shares within the own share buy-back programme is EUR 2.00 per share;

5.1.5. The acquired own shares shall be acquired from the assets that exceed the registered share capital, reserve capital and share premium of AS Silvano Fashion Group;

5.1.6. The sum of the nominal values of the own shares acquired within the buy-back programme and of the previously acquired own shares of AS Silvano Fashion Group may not exceed 10% of the share capital of AS Silvano Fashion Group;

5.1.7. To authorize the Management Board of AS Silvano Fashion Group, in the cases of extreme low liquidity on the market, to exceed the limit of 25% of the average daily volume of the shares in any one day on the regulated market which is provided for in Article 5 subsection 2 of Commission Regulation (EC) No 2273/2003 and to buy back own shares within one day in the amount which does not exceed 50% of the average daily volume on the regulated market;

5.1.8. The buy-back of own shares shall be carried out in accordance with the Commission Regulation (EC) No 2273/2003 dated 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council with regard to exemptions for buy-back programmes and stabilisation of financial instruments;

5.1.9. To authorize the Management Board of AS Silvano Fashion Group to enter into a contract with an investment company or a credit institution as the organizer of the buy-back of own shares within one month from the determination of the conditions of the buy-back programme of own shares.

6. Calling back and appointment of supervisory board members of AS Silvano Fashion Group

6.1. To acknowledge that the powers of Mr. Risto Mägi and Mr. Stephan Balkin as supervisory board member ceased as of 05.03.2015 (included). To approve all transactions, activities and acts as members of the supervisory board during the period of 06.03.2015 until 29.06.2015 (included);

6.2. To extend the powers of Mr. Risto Mägi and Mr. Stephan Balkin as supervisory board members from 30.06.2015 until 29.06.2020. To extend the power of Mr. Ants Susi as supervisory board member from 07.07.2015 until 29.06.2020;

6.3. To continue with the remuneration plan of the supervisory board members as approved by the annual general meeting held on 30.06.2012.

III Organizational questions

The list of the shareholders entitled to participate in the ordinary general meeting shall be fixed 7 days prior to the date of the General Meeting, i.e. on 22 June 2015 at 11:59 p.m. (Estonian time).

At the General Meeting, a shareholder is entitled to receive information from the Management Board about the activities of SFG. The Management Board may decide to withhold information if there is a reason to believe that the disclosure of information may cause significant damage to the interests of SFG. If the Management Board refuses to disclose information, the shareholder may demand from the General Meeting to adopt a resolution regarding to the lawfulness of the information request or file a petition to a court of law within two weeks of the General Meeting requesting the court for the ruling requiring the Management Board to disclose the information.

The shareholders whose shares represent at least 1/20 of the share capital may request for additional items to be included in the agenda of the General Meeting, if the respective request is submitted in writing at least 15 days prior to the General Meeting.

The shareholders whose shares represent at least 1/20 of the share capital may present their draft resolutions to each item in the agenda in writing no later than 3 days before the General Meeting.

Draft resolution regarding to the agenda items and other documents presented to the General Meeting (including annual report, report of the sworn auditor, profit distribution proposal and report of the Supervisory Board) are available for examination on every working day as of the notification of the General Meeting until the business day preceding the day of the General Meeting at the headquarters of the Company at Tulika 15/17, Tallinn on business days from 9 a.m. until 5 p.m. (Estonian time).

On the day of the General Meeting the materials related to the agenda of the General Meeting are available for examination at the venue of the General Meeting as of the opening of registration of participants until the end of the General Meeting. In order to examine the documents: (1) the shareholders who are natural persons are required to present a document verifying their identity and their representatives are additionally required to present the power of attorney in written form; (2) the representatives of the shareholders who are legal entities shall present (a) an extract from the registry where the legal entity is registered; and (b) a document verifying the identity of representative; and (c) in case of representation on the basis of proxy, also a power of attorney.

Documents and data which are disclosed according to Article 2941 of the Estonian Commercial Code, including the Annual Report, report of the sworn auditor, profit distribution proposal, report of the Supervisory Board, draft resolutions regarding to the agenda items, data on the Company's shares and voting rights related to the shares as of the date of the notice on the convening of the General Meeting and the templates of power of attorney are available on the homepage of the Company: http://www.silvanofashion.com.

The following documents must be submitted to participate in the General Meeting:

- the shareholders who are natural persons shall present a document verifying their identity and their representatives shall present the power of attorney in written form;

- the representatives of the shareholders who are legal entities shall present (a) an extract from the registry where the legal entity is registered; and (b) a document verifying the identity of representative; (c) in case of representation on the basis of proxy, also a power of attorney.

Unless otherwise provided by a foreign agreement, a document issued by a foreign authority shall be duly apostilled or legalized. Documents in foreign language should be accompanied by the translation into Estonian, verified by relevant institution.

Prior to the General Meeting the shareholder may notify the Company of the appointment of a representative or the revocation of the representative's authority by sending a digitally signed e-mail message to info@silvanofashion.com or by delivering the information in person on workdays between 9 a.m. to 5 p.m. (Estonian time) or via mail to AS Silvano Fashion Group, Tulika 15/17, 10613 Tallinn, Estonia by 5 p.m. (Estonian time) on the business day preceding the day of the General Meeting.

For any information regarding the general meeting of the shareholders or the agenda items, please contact Märt Meerits (e-mail info@silvanofashion.com; phone +372 684 5000).

Märt Meerits

Chairman of the Board

Silvano Fashion Group

E-mail: info@silvanofashion.com

Tel: +372 684 5000; Fax: +372 684 5300

Address: Tulika 15/17, 10613 Tallinn, Estonia

http://www.silvanofashion.com

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Podstawa prawna: During the period from 04.05.2015 until 08.05.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

04.05.15 10 520 1.4900 15 674.80

05.05.15 0 0 0

06.05.15 0 0 0

07.05.15 0 0 0

08.05.15 0 0 0

Total amount: 10 520 1.4900 15 674.80

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

1 000 000 1.4528 1 452 816.26

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion

Group has acquired 1 000 000 shares in total for the total amount of 1 452

816.26 Euros, resulting an average acquisition cost of 1.4528 Euros per share.

Therefore, the company has completed the share buy-back program as approved by

the Annual General Meeting.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 27.04.2015 until 30.04.2015 the following buyback

transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

27.04.15 11 650 1.5417 17 960.81

28.04.15 2 675 1.4512 3 881.96

29.04.15 700 1.4700 1 029.00

30.04.15 10 622 1.4524 15 427.39

Total amount: 25 647 1.4933 38 299.16

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

989 480 1.4524 1 437 141.46

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion

Group has acquired 989 480 shares in total for the total amount of 1 437 141.46

Euros, resulting an average acquisition cost of 1.4524 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 20.04.2015 until 24.04.2015 the following buyback

transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

20.04.15 8 500 1.5559 13 225.15

21.04.15 2 500 1.5600 3 900.00

22.04.15 3 395 1.5600 5 296.20

23.04.15 12 000 1.5704 18 844.80

24.04.15 11 900 1.5463 18 400.97

Total amount: 38 295 1.5581 59 667.12

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

963 833 1.4513 1 398 842.31

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion

Group has acquired 963 833 shares in total for the total amount of 1 398 842.31

Euros, resulting an average acquisition cost of 1.4513 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 13.04.2015 until 17.04.2015 the following buyback

transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

13.04.15 5 000 1.4880 7 440.00

14.04.15 15 000 1.5950 23 925.00

15.04.15 9 748 1.5672 15 277.07

16.04.15 9 300 1.5773 14 668.89

17.04.15 6 500 1.5800 10 270.00

Total amount: 45 548 1.5715 71 580.96

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

925 538 1.4469 1 339 175.19

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion

Group has acquired 925 538 shares in total for the total amount of 1 339 175.19

Euros, resulting an average acquisition cost of 1.4469 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 06.04.2015 until 10.04.2015 the following buyback

transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

06.04.15 0 0 0

07.04.15 3 000 1.3900 4 170.00

08.04.15 2 500 1.4440 3 610.00

09.04.15 3 500 1.4529 5 085.15

10.04.15 8 150 1.4531 11 842.77

Total amount: 17 150 1.4407 24 707.92

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

879 990 1.4405 1 267 594.23

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion

Group has acquired 879 990 shares in total for the total amount of 1 267 594.23

Euros, resulting an average acquisition cost of 1.4405 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 30.03.2015 until 02.04.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

30.03.15 4 000 1.3600 5 440.00

31.03.15 18 500 1.3754 25 444.90

01.04.15 5 000 1.3600 6 800.00

02.04.15 0 0 0

Total amount: 27 500 1.3704 37 684.90

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

862 840 1.4405 1 242 886.32

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion

Group has acquired 862 840 shares in total for the total amount of 1 242 886.32

Euros, resulting an average acquisition cost of 1.4405 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 23.03.2015 until 27.03.2015 the following buyback

transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

23.03.15 15 500 1.3674 21 194.70

24.03.15 17 442 1.3497 23 541.47

25.03.15 26 176 1.3476 35 274.78

26.03.15 10 000 1.3442 13 442.00

27.03.15 340 1.3500 459.00

Total amount: 69 458 1.3521 93 911.95

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

835 340 1.4428 1 205 201.42

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion

Group has acquired 835 340 shares in total for the total amount of 1 205 201.42

Euros, resulting an average acquisition cost of 1.4428 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 09.03.2015 until 13.03.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

09.03.15 7 500 1.2933 9 699.75

10.03.15 2 500 1.2800 3 200.00

11.03.15 10 000 1.2815 12 815.00

12.03.15 0 0 0

13.03.15 35 000 1.3000 45 500.00

Total amount: 55 000 1.2948 71 214.75

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

715 000 1.4608 1 044 479.73

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion

Group has acquired 715 000 shares in total for the total amount of 1 044 479.73

Euros, resulting an average acquisition cost of 1.4608 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Więcej na: biznes.pap.pl

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Podstawa prawna: During the period from 02.03.2015 until 06.03.2015 the following buyback

transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

02.03.15 27 435 1.3072 35 863.03

03.03.15 32 500 1.3092 42 549.00

04.03.15 15 000 1.2833 19 249.50

05.03.15 7 500 1.2733 9 549.75

06.03.15 10 000 1.3000 13 000.00

Total amount: 92 435 1.3005 120 211.28

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

660 000 1.4746 973 264.98

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion

Group has acquired 660 000 shares in total for the total amount of 973 264.98

Euros, resulting an average acquisition cost of 1.4746 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 23.02.2015 until 27.02.2015 the following buyback

transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

23.02.15 26 815 1.1038 29 598.40

24.02.15 0 0 0

25.02.15 15 000 1.1010 16 515.00

26.02.15 4 500 1.1168 5 025.60

27.02.15 5 000 1.2000 6 000.00

Total amount: 51 315 1.1135 57 139.00

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

567 565 1.5030 853 053.70

After the transactions listed above, within the framework of the share buy-back

program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion

Group has acquired 567 565 shares in total for the total amount of 853 053.70

Euros, resulting an average acquisition cost of 1.5030 Euros per share.

The share buyback program is being implemented in accordance with the

Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive

2003/6/EC of the European Parliament and of the Council as regards exemptions

for buy-back programmes and stabilisation of financial instruments. The

programme is managed by SEB Pank AS, which will buy back shares on behalf of AS

Silvano Fashion Group. SEB Pank carries out the buyback according to the

regulations and within the framework of the programme, and will make its

trading decisions independently of, and without influence by AS Silvano Fashion

Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 16.02.2015 until 20.02.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares

bought back Average share price Cost in total

EUR EUR

16.02.15 12 400 1.2027 14 913.48

17.02.15 22 250 1.1735 26 110.38

18.02.15 12 500 1.1328 14 160.00

19.02.15 10 000 1.1290 11 290.00

20.02.15 21 500 1.1109 23 884.35

Total amount: 78 650 1.1489 90 358.21

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

516 250 1.5417 795 914.70

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion Group has acquired 516 250 shares in total for the total amount of 795 914.70 Euros, resulting an average acquisition cost of 1.5417 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 09.02.2015 until 13.02.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

09.02.15 2 500 1.2100 3 025.00

10.02.15 7 500 1.2000 9 000.00

11.02.15 0 0 0

12.02.15 7 500 1.2033 9 024.75

13.02.15 7 500 1.2000 9 000.00

Total amount: 25 000 1.2020 30 049.75

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

437 600 1.6123 705 556.49

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion Group has acquired 437 600 shares in total for the total amount of 705 556.49 Euros, resulting an average acquisition cost of 1.6123 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 02.02.2015 until 06.02.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

02.02.15 4 981 0 0

03.02.15 0 0 0

04.02.15 2 000 1.2500 2 500.00

05.02.15 7 850 1.2204 9 580.14

06.02.15 4 750 1.2047 5 722.33

Total amount: 14 600 1.2193 17 802.47

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

412 600 1.6372 675 506.74

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion Group has acquired 412 600 shares in total for the total amount of 675 506.74 Euros, resulting an average acquisition cost of 1.6372 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 26.01.2015 until 30.01.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

26.01.15 0 0 0

27.01.15 8 452 1.2518 10 580.21

28.01.15 7 590 1.2400 9 411.60

29.01.15 0 0 0

30.01.15 1 958 1.2500 2 447.50

Total amount: 18 000 1.2466 22 439.31

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

398 000 1.6525 657 704.28

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion Group has acquired 398 000 shares in total for the total amount of 657 704.28 Euros, resulting an average acquisition cost of 1.6525 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Więcej na: biznes.pap.pl

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During the period from 19.01.2015 until 23.01.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

19.01.15 2 000 1.2450 2 490.00

20.01.15 1 000 1.2500 1 250.00

21.01.15 2 000 1.2600 2 520.00

22.01.15 0 0 0

23.01.15 0 0 0

Total amount: 5 000 1.2520 6 260.00

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

380 000 1.6717 635 264.96

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion Group has acquired 380 000 shares in total for the total amount of 635 264.96 Euros, resulting an average acquisition cost of 1.6717 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 12.01.2015 until 16.01.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

12.01.15 7 250 1.3279 9 627.28

13.01.15 809 1.2993 1 051.13

14.01.15 6 500 1.2800 8 320.00

15.01.15 1 359 1.2637 1 717.37

16.01.15 0 0 0

Total amount: 15 918 1.3014 20 715.78

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

375 000 1.6773 629 004.96

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion Group has acquired 375 000 shares in total for the total amount of 629 004.96 Euros, resulting an average acquisition cost of 1.6773 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 05.01.2015 until 09.01.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

05.01.15 4 981 1.2460 6 206.33

06.01.15 2 000 1.2300 2 460.00

07.01.15 0 0 0

08.01.15 1 150 1.2600 1 449.00

09.01.15 1 000 1.3200 1 320.00

Total amount: 9 131 1.2524 11 435.33

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

359 082 1.6940 608 289.19

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion Group has acquired 359 082 shares in total for the total amount of 608 289.19 Euros, resulting an average acquisition cost of 1.6940 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 29.12.2014 until 02.01.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date     Amount of shares 
                           bought back       Average share price     Cost in total
                                                    EUR                      EUR
29.12.14                       2 000              1.2250                2 450.00
30.12.14                       8 000              1.2044                9 635.20
31.12.14                           0                   0                       0
01.01.15                           0                   0                       0
02.01.15                           0                   0                       0
Total amount:                 10 000              1.2085               12 085.20
                          
Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back  Average price per share (EUR) Cost in total (EUR)
349 951                                    1.7055                596 853.86

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion Group has acquired 349 951 shares in total for the total amount of 596 853.86 Euros, resulting an average acquisition cost of 1.7055 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi abs/

During the period from 22.12.2014 until 26.12.2014 the following buyback transactions have been made:

Tallinn Stock Exchange:

Accumulated total under the share buyback program since 01.07.2014:

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion Group has acquired 339 951 shares in total for the total amount of 584 768.66 Euros, resulting an average acquisition cost of 1.7202 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi zdz

During the period from 15.12.2014 until 19.12.2014 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date     Amount of shares 
                           bought back       Average share price      Cost in total
                                                            EUR       EUR
15.12.14                 3 350                       1.6125           5 401.88
16.12.14                      3 500                       1.5612           5 464.20
17.12.14                 3 500                       1.4257      4 989.95
18.12.14                      2 501                       1.4680      3 671.47
19.12.14                     3 850                   1.4696      5 657.96
Total amount:               16 701                        1.5080     21 185.45
  
Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back   Average price per share (EUR)     Cost in total (EUR)
                 329 951          1.7335                         571 963.86

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion Group has acquired 329 951 shares in total for the total amount of 571 963.86 Euros, resulting an average acquisition cost of 1.7335 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi abs/

During the period from 08.12.2014 until 12.12.2014 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price

Cost in total

EUR EUR

08.12.14 3 500 1.6300 5 705.00

09.12.14 3 450 1.6300 5 623.50

10.12.14 3 200 1.6404 5 249.28

11.12.14 0 0 0

12.12.14 3 100 1.6300 5 053.00

Total amount: 13 250 1.6325 21 630.78

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

313 250 1.7455 546 778.41

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion Group has acquired 313 250 shares in total for the total amount of 546 778.41 Euros, resulting an average acquisition cost of 1.7455 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi mra

During the period from 01.12.2014 until 05.12.2014 the following buyback transactions have been made:

Tallinn Stock Exchange:

Accumulated total under the share buyback program since 01.07.2014:

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion Group has acquired 300 000 shares in total for the total amount of 525 147.63 Euros, resulting an average acquisition cost of 1.7505 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

Więcej na: biznes.pap.pl

kom espi amp/

Share buyback transactions

During the period from 24.11.2014 until 28.11.2014 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

24.11.14 2 470 1.6381 4 046.11

25.11.14 3 400 1.6400 5 576.00

26.11.14 0 0 0

27.11.14 0 0 0

28.11.14 2 000 1.6575 3 315.00

Total amount: 7 870 1.6439 12 937.11

Accumulated total under the share buyback program since 01.07.2014:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

297 210 1.7514 520 537.83

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion Group has acquired 297 210 shares in total for the total amount of 520 537.83 Euros, resulting an average acquisition cost of 1.7514 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Więcej na: biznes.pap.pl

kom espi mra