Valora Holding AG: Disclosure of shareholdings and action in concert or as an organised group as required by Swiss stock exchange legislation

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companies/Disclosure of shareholdings

Bern (euro adhoc) - On November 01, 2007, a group consisting of the
following members:

a) GoldenPeaks Capital Management Ltd., 4th Floor Cardinal Plaze, PO
BOX 715, Grand Cayman KY1-1107, Cayman Islands British West
Indies, acting as Investment Manager of: - GoldenPeaks Active
Value Master Fund Ltd. b) GoldenPeaks Capital Partners AG,
Baarerstrasse 135, 6300 Zug c) Pictet Funds SA, route des Acacias 60,
1211 Genève, acting as Administrators of : - Pictet (CH) -
Swiss Equities - Pictet (CH) - Swiss Mid-Small Cap - Pictet -
Institutional Swiss Equities - Pictet (CH) Enhanced - Swiss
Equities 130/30 d) Pictet Funds (Lux) - Absolute Return Global
Diversified, 3 boulevard Royal, L-2449 Luxembourg e) Pictet Funds
(Lux) - Small Cap Europe, 3 boulevard Royal, L-2449 Luxembourg f)
Pictet Funds (Lux) - Continental European Equities, 3 boulevard
Royal, L-2449 Luxembourg g) Pictet Funds (Europe) SA, 3 boulevard
Royal, L-2449 Luxembourg - Pictet Strategy Fund - Global Strategy
- (CHF) h) The Alphanatics Fund, c/o Appleby Corporate Services
(Cayman) Limited, P.O. Box 1350 GT, 75 Fort Street, George Town,
Grand Cayman i) 3V Asset Management AG, Löwenstrasse 25, 8001 Zürich
announced that as at November 01, 2007 it held a total of 333'711
registered shares of Valora Holding AG, representing 10.11% of the
registered shares in issue. Type of arrangement: non-binding
arrangement. Responsible person for the representation of all group
members: Adriano Agosti, Golden Peaks Capital Management Ltd.

Change in the composition of those involved:

Member leaving group: . Lombard Odier Darier Hentsch Fund Managers
SA, Rue de l'Arquebuse 22, 1200 Genève New members joining group: .
GoldenPeaks Capital Partners AG, Baarerstrasse 135, 6300 Zug . Pictet
Funds (Lux) - Continental European Equities, 3 boulevard Royal,
L-2449 Luxembourg . Pictet Funds (Europe) SA, 3 boulevard Royal,
L-2449 Luxembourg

end of announcement euro adhoc 05.11.2007 17:35:00
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ots Originaltext: Valora Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Investor Relations:
Stefan Knuchel, Tel: +41 58 789 12 20, E-Mail: stefan.knuchel@valora.com
or
Media Relations:
Stefania Misteli, Tel: +41 58 789 12 01, E-Mail: stefania.misteli@valora.com

Valora Holding AG
Belpstrasse 37
3007 Bern
Switzerland

Branche: Retail
ISIN: CH0002088976
WKN: 208897
Börsen: SWX Swiss Exchange / official market
BX Berne eXchange / official dealing