SILVANO FASHION GROUP AS (40/2016) Share buyback transactions

During the period from 31.10.2016 until 04.11.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

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

EUR EUR

31.10.16 2 030 2.3600 4 790.80

01.11.16 2 240 2.3900 5 353.60

02.11.16 2 380 2.3709 5 642.74

03.11.16 2 450 2.3600 5 782.00

04.11.16 2 465 2.3300 5 743.45

Total amount: 9 535 2.3620 27 312.59

Accumulated total under the share buyback program since 30.06.2016:

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

390 869 2.1109 825 101.09

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2016, AS Silvano Fashion Group has acquired 390 869 shares in total for the total amount of 825 101.09 Euros, resulting an average acquisition cost of 2.1109 Euros per share.

With its share buyback program to be carried out in accordance with the held on June 29, 2016 the general meeting of 8 March 2016, by Regulation (EU) No 2016/1052 supplementing the European Parliament and Council Regulation (EU) No 596/2014 concerning regulatory technical standards back programs and stabilization conditions applicabl. 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.

Jarek Särgava

Board Member

Silvano Fashion Group

Tel +372 6845 000

E-mail: info@silvanofashion.com

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