Changes in substantial shareholdings

2/15/2013 10:29 AM EST

Silvano Fashion Group
Major shareholder announcements

Changes in substantial shareholdings

Tallinn, 2013-02-15 16:29 CET (GLOBE NEWSWIRE) -- 

On February 15, 2013 Pioneer Pekao Investment Management SA (PPIM) acting on
behalf of its managed funds, notified the management board of Silvano Fashion
Group (SFG) of the decrease of its votes in SFG to 4.86%. 

The reason for the change in the total number of votes at the general meeting
of shareholders of SFG was the sale of 100'000 shares of the company on
February 07, 2013. 

Prior to the change of share amount, investment funds managed by PPIM held
together 2,013,473 shares of SFG, representing 5.11% of the share capital of
the company and the votes entitled to vote at the general meeting. 

After the transaction investment funds managed by PPIM have a total of
1,913,473 shares of SFG which represents 4.86% of the share capital of the
company and the votes entitled to vote at the general meeting. 

The announcement is composed in accordance with Estonian Securities Market Act,
Article 185, and in accordance with Article 69, Sec. 1, Item 2 in connection
with Art. 87 Sec. 1 Item 3 Point b) of the Act on Public Offering, Conditions
Governing the Introduction of Financial Instruments into Organized Trading, and
Public Companies of Poland. 



Märt Meerits
Member of the management board
Silvano Fashion Group
 
00 372 6845 000