Market announcement

Title

ADOPTION OF RESOLUTIONS OF THE GENERAL MEETING OF AS SILVANO FASHION GROUP WITHOUT NOTICE OF THE MEETING

Message

ADOPTION OF RESOLUTIONS OF THE GENERAL MEETING OF AS SILVANO FASHION GROUP
WITHOUT NOTICE OF THE MEETING

The  Management  Board  of  AS  Silvano  Fashion Group, registry code 10175491,
address            Tulika  17, 10613, Tallinn,  proposes  to the shareholders to
adopt resolutions of the shareholders without convening a meeting according to §
299(1) of the Commercial Code.

All  questions from shareholders regarding the  proposed resolutions may be sent
in     advance     to     the     e-mail     address     info@silvanofashion.com
(mailto:info@silvanofashion.com)  until  6 June  2024 and  the  answers  to  all
relevant  questions  will  be  published  on  the  website of AS Silvano Fashion
Group,  www.silvanofashion.com (http://www.silvanofashion.com)

The list of shareholders entitled to vote on the resolutions of the shareholders
will be fixed on     June 13, 2024, at the end of the business day of the NASDAQ
CSD settlement system.

Shareholders'  resolutions  can  be  voted  on  from  May  29 to  June 20, 2024
(inclusive). If a shareholder does not cast his or her votes, he or she shall be
deemed to have voted against the resolutions.

A shareholder has two options to cast his vote:

1. By sending a digitally signed or paper-signed and scanned ballot paper filled
in  by the voting shareholder  or his / her  authorized representative to the e-
mail address info@silvanofashion.com (mailto:info@silvanofashion.com) during the
voting period.

2. By  submitting or  sending a  completed ballot  paper, which  has been signed
manually  by the voting shareholder or  his or her authorised representative, to
the  head office  of AS  Silvano Fashion  Group at Tulika 17, 10613 Tallinn from
9:00-12:00 (EET),  so that  it arrives  no later  than June  20, 2024, at 16:00
(EET).

When  sending paper-signed and  scanned ballot papers  by e-mail or when sending
paper-signed  ballot papers  by post,  a copy  of the  personal data page of the
shareholder's or his / her representative's identity document (eg passport or ID
card)   must   be  sent  together  with  the  ballot  paper.  The  shareholder's
representative must also submit a valid power of attorney in Estonian or English
for  written reproduction. A shareholder may use a power of attorney form, which
is  available on the website of  AS Silvano Fashion Group www.silvanofashion.com
(http://www.silvanofashion.com)

If  the shareholder is a  legal entity registered abroad,  please send a copy of
the  extract from the relevant foreign  commercial register showing the right of
the representative to represent the shareholder (legal right of representation).
The  statement  must  be  in  English  or  translated  into  Estonian by a sworn
translator or an official translator equivalent to a sworn translator.

The proposals for decisions of the Management Board, which have been approved by
the Supervisory Board, are as follows:

1. Approval of the annual report of AS Silvano Fashion Group for 2023

1.1. To approve the annual report of AS Silvano Fashion Group for 2023.

2. Distribution of the profit of AS Silvano Fashion Group in 2023

2.1. To  approve AS Silvano Fashion Group the  net profit for the financial year
2023 of  9 927 000 euros.

2.2. Not  to separate AS Silvano Fashion Group  funds from the net profit of the
financial  year 2023 to the reserve capital of AS Silvano Fashion Group or other
reserves prescribed by law or the articles of association.

2.3. Leave  the  net  profit  undistributed  and  include  the net profit of the
financial year 2023 in the retained earnings.

The  annual  report  of  AS  Silvano  Fashion  Group for 2023, the report of the
independent  auditor, and the ballot papers are available to the shareholders on
the    website    of    AS    Silvano   Fashion   Group   www.silvanofashion.com
(http://www.silvanofashion.com) and the website of the Estonian branch of NASDAQ
CSD  SE  www.nasdaqbaltic.com  (http://www.nasdaqbaltic.com)  as  of the date of
publication of this announcement. Questions about the items on the agenda can be
sent by e-mail to info@silvanofashion.com (mailto:info@silvanofashion.com) or by
post to the company's address.

The  resolutions  adopted  by  the  shareholders  will  be  published as a stock
exchange  announcement and on the  website of AS Silvano  Fashion Group no later
than 21 June 2024 by § 299(1)  (6) of the Commercial Code.

AS Silvano Fashion Group
Email: info@silvanofashion.com (mailto:info@silvanofashion.com)
Tel: +372 684 5000; Fax: +372 684 5300
Address: Tulika 17, 10613 Tallinn
www.silvanofashion.com