AS Silvano Fashion Group decrease of the share capital

Tallinn, ESTONIA

To decrease the share capital of the Company 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 euros per share. The new share nominal value of the Company is 0.10 cent per share.
The total number of the shares will not change. As a result of the decrease of the share capital, the share capital of the company will be 3 600 000 euros that is divided into 36 000 000 shares.

Jarek Särgava
Silvano Fashion Group

Member of the Board
Tel: +372 684 5000; Fax: +372 684 5300

Address: Tulika 15/17, 10613 Tallinn, Estonia