The management company of numerous Polish open-ended funds Pioneer Pekao Investment Management SA notified the management board of AS Silvano Fashion Group (hereinafter SFG) of increase of its shareholding in SFG up to 5.215%. The different funds managed by Pioneer Pekao Investment Management SA hold altogether 2,085,893 shares of SFG, representing 5.215% of the entire issued share capital of SFG and votes entitled to vote at the general meeting of shareholders. 5.208% of the shareholding referred to above, i.e. altogether 2,083,003 shares are held by the funds managed by Pioneer Pekao Investment Management SA Pioneer Balanced Open-end Investment Fund (Polish name Pioneer Zrównoważony Funusz Inwestycyjny Otwarty), Pioneer Polish Equity Open-end Investment Fund (Polish name Pioneer Akcji Polskich Fundusz Inwestycyjny Otwarty), Pioneer Stable Growth Open-end Investment Fund (Polish name Pioneer Stabilnego Wzrostu Fundusz Inwestycyjny Otwarty), Pioneer Small and Medium Companies of the Polish Market Open-end Investment Fund (Polish name Pioneer Małych i Średnich Spółek Rynku Polskiego Fundusz Inwestycyjny Otwarty), Pioneer Medium Companies of the Polish Market Open-end Investment Fund (Polish name Pioneer Średnich Spółek Rynku Polskiego Fundusz Inwestycyjny Otwarty) and Polish Telecommunication Dedicated Specialized Open-end Investment Fund (Polish name Specjalistyczny Fundusz Inwestycyjny Otwarty Telekomunikacji Polskiej). The shareholding of Pioneer Pekao Investment Management SA in SFG was increased over 5% of the entire issued share capital of SFG and votes entitled to vote at the general meeting of shareholders as a result of a transaction closed on 7 December 2007, whereas additional 100,000 shares of SFG were acquired. Pioneer Pekao Investment Management SA become aware of the increase of its shareholding over 5% on 17 December 2007. Before the above referred transaction was closed the shareholding of the funds managed by Pioneer Pekao Investment Management SA in SFG was altogether 4,965%, i.e. the funds managed by Pioneer Pekao Investment Management SA held altogether 1,985,893 shares of SFG. Sergei Kusonski AS Silvano Fashion Group member of management board Tel +372 6 710 700