SFG: Changes in Substantial Shareholdings

AS SEB Pank notified AS Silvano Fashion Group (SFG) that the number of shares
on the representative account of Skandinaviska Enskilda Banken AB Clients
decreased under 10%. According to the notification, the number of shares on the
representative account of Skandinaviska Enskilda Banken AB Clients constituted
3,870,456 as at the end of the day of 4 February 2010, which represent 9.68% of
the total amount of votes represented by all shares in SFG. 

In addition to the aforementioned notification, AS SEB Pank notified SFG that
the number of shares on the representative account of Skandinaviska Enskilda
Banken AB Clients exceeded 10%. According to the notification, the number of
shares on the representative account of Skandinaviska Enskilda Banken AB
Clients constituted 5,274,456 as at the end of the day of 8 February 2010,
which represent 13.19% of the total amount of votes represented by all shares
in SFG. 

SIA Alta Capital Partners notified SFG that the votes acquired by it and its
subsidiaries in SFG have reduced below the 5% 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 1,864,286 shares in SFG as at 3
February 2010, which represent 4.66% 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 172880770