OREANDA-NEWS. During the period from 18.07.2016 until 22.07.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back   Average share price    Cost in total
      EUR   EUR
18.07.16 5 631   1.9600   11 060.28
19.07.16 2 590   1.9700   5 102.30
20.07.16 5 180   1.9790   10 251.22
21.07.16 5 210   1.9900   10 367.90
22.07.16 5 235   1.9900   10 417.65
Total amount: 23 858   1.9783   47 199.35

  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)
84 712 1.9831 167 994.08

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 84 712 shares in total for the total amount of 167 994.08 Euros, resulting an average acquisition cost of 1.9831 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.