Pioneer Pekao Investment Management SA, a management company of several Polish open-end funds, notified the management board of AS Silvano Fashion Group („SFG“) of the increase of its votes in SFG up to 10.16%. The different funds managed by Pioneer Pekao Investment Management SA hold altogether 4,065,529 shares in SFG, constituting 10.16% of the share capital of SFG and the votes entitled to vote at the general meeting. The shareholding of Pioneer Pekao Investment Management SA crossed the 10% level as a result of a transaction made on 14 August 2009, whereby it obtained 104,000 shares in SFG. Prior to the aforementioned transaction, the shareholding of the funds managed by Pioneer Pekao Investment Management SA constituted 9.90%, i.e. the funds managed by Pioneer Pekao Investment Management SA held altogether 3,961,529 shares in SFG. The aforementioned 10.16% shareholding is held by the following funds managed by Pioneer Pekao Investment Management SA: Pioneer Balanced Open-end Investment Fund (in Polish: Pioneer Zrównoważony Funusz Inwestycyjny Otwarty), Pioneer Polish Equity Open-end Investment Fund (in Polish: Pioneer Akcji Polskich Fundusz Inwestycyjny Otwarty), Pioneer Stable Growth Open-end Investment Fund (in Polish: Pioneer Stabilnego Wzrostu Fundusz Inwestycyjny Otwarty) and Pioneer Small and Medium Companies of the Polish Market Open-end Investment Fund (in Polish: Pioneer Małych i Średnich Spółek Rynku Polskiego Fundusz Inwestycyjny Otwarty). ______________________________ Sergei Kusonski Member of the Management Board AS Silvano Fashion Group Tel +372 6 818 050