Adoption of Resolutions of the Extraordinary 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  resolution of the shareholders without  convening a meeting pursuant 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     [email protected]
(mailto:[email protected])  until  May,  21 2025 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 resolution of the shareholders
will  be fixed on          May 29, 2025, at the  end of the  business day of the
NASDAQ CSD settlement system.

Resolution  of the shareholders can be voted on from May 14 to June 5, 2024 till
11:00 AM (EET). 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 [email protected] (mailto:[email protected]) 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 authorized 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 5th, 2025, no later than
11:00 (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  for  written
reproduction  in Estonian or English. 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.

AGENDA:

1. Election  of the auditor  for auditing the  economic activities of AS Silvano
Fashion Group  2024.

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

1.1. To  appoint the  auditing company  Ernst &  Young Baltic  AS (registry code
10877299, located  at  Rävala  puiestee  4, 10143 Tallinn)  as the auditor of AS
Silvano Fashion Group;

1.2. To authorize the Management Board of AS Silvano Fashion Group to enter into
an audit service agreement with the auditing company AS Ernst & Young Baltic for
auditing the economic activities of AS Silvano Fashion Group 2024.

The resolution adopted by the shareholders will be published as a stock exchange
announcement  and on the website of AS  Silvano Fashion Group no later than June
6, 2025 by § 299(1)  (6) of the Commercial Code.

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