OREANDA-NEWS. April 11, 2016. During the period from 04.04.2016 until 08.04.2016 the following buyback transactions have been made:

Tallinn Stock Exchange:

Date Amount of shares bought back   Average share price    Cost in total
      EUR   EUR
04.04.16 0   0   0
05.04.16 9 890   1.5600   15 428.40
06.04.16 0   0   0
07.04.16 0   0   0
08.04.16 10 352   1.5700   16 252.64
Total amount: 20 242   1.5651   31 681.04

  Accumulated total under the share buyback program since 30.06.2015:

Amount of shares bought back Average price per share (EUR) Cost in total (EUR)
822 308 1.3586 1 117 185.98

After the transactions listed above, within the framework of the share buy-back program, approved by the shareholders meeting on 29.06.2015, AS Silvano Fashion Group has acquired 822 308 shares in total for the total amount of 1 117 185.98 Euros, resulting an average acquisition cost of 1.3586 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.