The book-building process within the offering of ordinary shares of PTA Grupp AS (change of name to AS Silvano Fashion Group pending, the “Company”) to institutional investors in Poland and other EU countries made in connection with listing the shares of PTA Grupp AS on the Warsaw Stock Exchange (the “Offering”) ended on 11 July 2007. As a result of the book-building process, based on the demand coming from 48 institutions from Poland, Great Britain and Scandinavia, the price of the Offering was set at 19.81 PLN (“Offer Price”) (equivalent to 5.25 EUR, 82.14 EEK) per share. The final number of the shares of the Company to be sold in the Offering (“Offer Shares”) is 6,221,338. The settlement of the Offering is expected to take place and the trading in all shares of the Company on the Warsaw Stock Exchange is expected to commence on or about 23 July 2007. On the date of the settlement, Alta Capital Partners S.C.A. will subscribe for 2,052,802 new shares of the Company issued in accordance with a decision of the ordinary General Meeting of its shareholders of 25 June 2006. In accordance with the offering and listing prospectus published by the Company, the subscription price for the new shares of the Company will equal the Offer Price. Eligible investors participating in the Offering will be able to formally subscribe for Offer Shares between 12 July and 13 July 2007. DISCLAIMER: THIS INFORMATION IS NOT DIRECTED AT PERSONS LOCATED IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. Viewing this information may not be lawful in certain jurisdictions. In other jurisdictions only certain categories of person may be allowed to view this information. Any person who wishes to view this information must first satisfy themselves that they are not subject to any local requirements which prohibit or restrict them from doing so. In particular, unless otherwise permitted by applicable law and regulation, it is not intended that these materials be accessible by persons located in the United States, Australia, Canada, Japan or the United Kingdom or in any other jurisdiction where it would be unlawful to do so. Peeter Larin Member of the Management Board PTA Grupp AS tel + 372 6 710 700
Results of the offering of shares in PTA Grupp AS to institutional investors in Poland and other EU countries
| Source: Silvano Fashion Group