REDUCTION OF SILVANO FASHION GROUP SHARE CAPITAL


The Annual General Meeting of AS Silvano Fashion Group shareholders decided on
June 28, 2010, to reduce the share capital of the Company by EEK 3,930,000 to
EEK 396,070,000 by cancelling 393,000 A-shares owned by the Company itself. 

Today, on September 21, 2010, the mentioned shares were cancelled in Estonian
CSD. Thus, starting tomorrow, September 22, 2010, there will be 39,607,000
shares of AS Silvano Fashion Group (SFGAT) listed in the Main List of NASDAQ
OMX Tallinn stock exchange. 


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