SILVANO FASHION GROUP AS Share buyback transactions

Share buyback transactions

During the period from 24.11.2014 until 28.11.2014 the following buyback transactions have been made:

Tallinn Stock Exchange:

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

EUR EUR

24.11.14 2 470 1.6381 4 046.11

25.11.14 3 400 1.6400 5 576.00

26.11.14 0 0 0

27.11.14 0 0 0

28.11.14 2 000 1.6575 3 315.00

Total amount: 7 870 1.6439 12 937.11

Accumulated total under the share buyback program since 01.07.2014:

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

297 210 1.7514 520 537.83

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 30.06.2014, AS Silvano Fashion Group has acquired 297 210 shares in total for the total amount of 520 537.83 Euros, resulting an average acquisition cost of 1.7514 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.

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