OREANDA-NEWS. During the period from 04.07.2016 until 08.07.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back   Average share price    Cost in total
      EUR   EUR
04.07.16 0   0   0
05.07.16 280   2.0100   562.80
06.07.16 9 173   2.0200   18 529.46
07.07.16 8 300   2.0200   16 766.00
08.07.16 8 920   2.0300   18 107.60
Total amount: 26 673   2.0232   53 965.86

  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)
26 673 2.0232 53 965.86

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 26 673 shares in total for the total amount of 53 965.86 Euros, resulting an average acquisition cost of 2.0232 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.