SILVANO FASHION GROUP AS Share buyback transactions

During the period from 23.11.2015 until 27.11.2015 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back Average share price Cost in total

EUR EUR

23.11.15 700 1.2700 889.00

24.11.15 1 035 1.2700 1 314.45

25.11.15 1 817 1.2800 2 325.76

26.11.15 4 310 1.2600 5 430.6

27.11.15 4 480 1.2500 5 600.00

Total amount: 12 342 1.2607 15 559.81

Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)

398 180 1.3244 527 358.14

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 398 180 shares in total for the total amount of 527 358.14 Euros, resulting an average acquisition cost of 1.3244 Euros per share.

The share buyback program is being implemented in accordance with the Commission Regulation (EC) No 2273/2003 of 22.12.2003, implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments. The programme is managed by SEB Pank AS, which will buy back shares on behalf of AS Silvano Fashion Group. SEB Pank carries out the buyback according to the regulations and within the framework of the programme, and will make its trading decisions independently of, and without influence by AS Silvano Fashion Group with regard to the timing of the purchases.

Aleksei Kadõrko

Chief Financial Officer

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

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