Share Buyback Transactions


On 06.10.2008, the management board of AS Silvano Fashion Group, acting under
the authorization granted by the general meeting of shareholders, decided to
initiate a share buyback program. The maximum amount to be invested in the
programme by AS Silvano Fashion Group is EUR 3 million Euros (46,9 million
Estonian kroons). The maximum number of shares to be purchased under the
programme is 4 million. The buyback period started on 07.10.2008 and will end
on 06.10.2009. 

During the period from 07.10.2008 until 10.10.2008 the following buyback
transactions have been made: 

Tallinn Stock Exchange
Share - SFGAT
Date  	        Amount of shares   Average price      Cost in total
                bought back	         per share	   
                                     EUR        EEK         EUR        EEK
07.10.2008         14,000            1.48      23.1570     20,720    324,198
08.10.2008         17,000            1.31      20.4970     22,270    348,450
09.10.2008         18,000            1.28      20.0276     23,040    360,498
10.10.2008         19,000            1.23      19.2453     23,370    365,661
Total for period   68,000            1.31      20.5707     89,400  1,398,807

Warsaw Stock Exchange
Share - SFG
Date  	        Amount of shares   Average price     Cost in total
                bought back	          per share	
                                    EUR         PLN        EUR         PLN
07.10.2008         18,000           1.20        4.18      21,629     75,240
08.10.2008         19,000           1.15        3.99      21,793     75,810
09.10.2008         16,000           1.15        4.00      18,398     64,000
10.10.2008         17,000           1.15        4.00      19,548     68,000
Total for period   70,000           1.16        4.04      81,367    283,050

Accumulated total under the share buyback program since 07.10.2008:
                Amount of shares  Average price 
                bought back	  per share (EUR)    Cost in total (EUR)
                138,000	          1.24	             170,767

1 EUR=15,6466 EEK

After the transactions listed above, AS Silvano Fashion Group owns 138,000 
of its own shares, which constitute 0,345% of the share capital. 

Under the buyback program, shares up to the value of 2,829,233 million Euros
remain to be bought back. The maximum amount of shares that remains to be
bought back is 3,862,000. 

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 AS Hansapank, which will buy back shares on behalf of
AS Silvano Fashion Group. AS Hansapank 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. 

										 

Peeter Larin
Member of the management board                                                  
Silvano Fashion Group 
Tel +372 67 10 700
E-mail: info@silvanofashion.com
www.silvanofashion.com