Of the alienation of shares

| Source: Silvano Fashion Group

Tallinn, 2013-12-30 15:30 CET (GLOBE NEWSWIRE) --  

In conjunction with the restructuring of the corporate ownership structure, Silvano Fashion Group has alienated its shares in Linret EST Plc.

Linret EST Plc (registry code 11552381) is a company founded in 2008 with the purpose of developing retail business in Estonia. During 2008-2013 the company had no economic activities.

All 100% of the shares of Linret EST were sold. At the time of alienation of the shares, the share capital of the company totaled 6’000 Euros. 

The alienation of the shares has no significant effect on the activities of Silvano Fashion Group. The transaction has been concluded with non-related party, there is no economic interest neither from the board or the supervisory board of Silvano Fashion Group. Until the completion of all conditions of the alienation, Märt Meerits shall continue its tenor as the board member of the Linret EST.

Märt Meerits
member of the board
Silvano Fashion Group
00 372 6845 000