On November 8, the Supervisory Board of Silvano Fashion Group approved the formation of the Audit Committee on grounds of the Authorised Public Accountants Act. The committee has three members: Ms. Jekaterina Stuge (Chairperson), Ms. Maivi Ots and Mr. Otto Tamme. Märt Meerits Chairman of the Management Board AS Silvano Fashion Group Tel +372 680 1396 mart.meerits@silvanofashion.com