Disclosure of shareholdings as required by Swiss stock exchange regulation

According to a statement it made on July 14, 2009 Valora Holding AG, Hofackerstrasse 40, 4132 Muttenz, Switzerland informed that they reduced its total shareholdings in registered shares of Valora Holding AG to below 3%.

The contact person is Mladen Tomic, Valora Holding AG, Muttenz.