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 pursuant to § 299¹ 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 until 16 June, 2022 and the answers to all relevant questions will be published on the website of AS Silvano Fashion Group,  www.silvanofashion.com

The list of shareholders entitled to vote on the resolutions of the shareholders will be fixed on     June 22, 2022, at the end of the business day of the NASDAQ CSD settlement system.

Resolutions of the shareholders can be voted on from June 8 to June 29, 2022 (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 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 29, 2022 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 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

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 2021

1.1. To approve the annual report of AS Silvano Fashion Group for 2021.