As of November 12, 2012, the supervisory board of AS Silvano Fashion Group released Mr. Alexander Frisenberg from the duties of the board member based on the mutual consent. The same supervisory board meeting appointed Mr. Toomas Tool as the new Chairman of the supervisory board (effective from November 15, 2012). Mr. Tool was elected to the supervisory board based on the resolution of the Annual General Meeting held on June 30, 2012.