In accordance with the Securities Market Act, SIA Alta Capital Partners notified AS Silvano Fashion Group (SFG) that the votes acquired by it and its subsidiaries in SFG have reduced below the 10% threshold of the total amount of votes represented by all shares in SFG. According to the notification, SIA Alta Capital Partners and its subsidiaries own 3,164,286 shares in SFG as at 28 December 2009, which represent 7.91% of the total amount of votes represented by all shares in SFG. Sergei Kusonski Member of the Management Board AS Silvano Fashion Group Tel +375 17 288 07 70