According to a statement it made on May 18, 2012 Pictet Funds S.A., Route des Acacias 60, 1211 Genève, Switzerland through their funds Fonds Pictet (CH) Swiss Mid Small Cap (2.63%), Pictet Institutional - Swiss Equities Segment (0.60%), Pictet (CH) Solutions - Swiss Equities (0.51%), Ethos - Equities CH Mid & Small (0.25%), Pictet (CH) Enhanced - Swiss Equities 130/30 (0.20%), Pictet Institutional - Swiss Equities Tracker (0.18%), Pictet (CH) - Swiss Market Tracker (0.16%), Pictet (CH) Swiss Equities (0.15%), Ethos - Equities CH Indexed Corporate Governance (0.10%), Pictet-Ethos (CH) - Swiss Sustainable Equities (0.03%), Raiffeisen Index Fonds SPI (0.02%), Subvenimus Institutional Fund (0.01%) informed that they decreased their total shareholdings in registered shares of Valora Holding AG to 4.84% (135’539 registered shares) on May 15, 2012. The contact person is Michel Sermet, Pictet Funds S.A., Route des Acacias, 1211 Genève, Switzerland.