According to a statement it made on March 9, 2015 ETHENEA Independent Investors S.A., 9a rue Gabriel Lippmann, 5365 Munsbach, Luxembourg informed that they decreased their total shareholdings in registered shares of Valora Holding AG to 2.88% (99'000 registered shares) on March 6, 2015. The contact person is Frank Hauprich, Munsbach, Luxembourg.