SILVANO FASHION GROUP AS (96/2019) Registration of increase of share capital in the commercial register

On May 15, 2019, the increase of the share capital of AS Silvano Fashion Group was entered in the Commercial Register on the basis of the decision of the General Meeting of Shareholders held on 3 May 2019.

According to the decision of the General Meeting of Shareholders, it was decided to increase the share capital of AS Silvano Fashion Group by EUR 3 600 000 from EUR 3 600 000 to EUR 7 200 000 by increasing the nominal value of existing shares by EUR 0.10 per share, ie from EUR 0.10 to EUR 0.20. The total number of shares of the Company does not change.

As a result of the increase of share capital, the share capital of AS Silvano Fashion Group is EUR 7,200,000.

The list of shareholders entitled to participate in the fund issue will be fixed on 17.05.2019. at the end of the working day. The day of the change of the rights related to the shares (ex-date) is 16.05.2019; as of that date, the acquirer is not entitled to participate in the fund issue.

The increase of the nominal value of the shares shall be made immediately after the entry of the share capital in the Commercial Register.

Jarek Särgava

Board member

Silvano Fashion Group

Tel. +372 680 1396

jarek.sargava@silvanofashion.com

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