Valora Holding AG

euro adhoc: Buybacks
Valora initiates share buyback programme

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 01.07.2008 - Process of focussing on core activities now well advanced following sale of four production entities - Additional cash generated to be returned to shareholders - Share buyback via SWX 2nd trading line to commence on July 1, 2008 Valora is to reduce its issued share capital by initiating the share buyback programme covering up to 500,000 registered shares which was approved by shareholders at the General Meeting on April 29, 2008. The 500,000 shares represent 15.2% of the firm´s issued share capital and of its voting shares. The buyback will be carried out via a 2nd trading line on the SWX Swiss Exchange which will open on July 1, 2008 and will be maintained until December 31, 2009 at the latest. The price at which shares will be bought back through the second trading line will be determined by those paid for Valora registered shares trading through the main exchange listing. At subsequent General Meetings, the Board of Directors will propose that the shares bought through this process be destroyed and the issued share capital reduced accordingly. This share buyback and its attendant reduction in the firm´s issued share capital underscore the intention of Valora Holding AG´s Board of Directors to ensure that liquidity is effectively deployed and capital efficiently managed. In the words of Board Chairman Rolando Benedick "The Board is convinced that this initiative is both shareholder friendly and appropriately timed." end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Valora Holding AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Stefania Misteli Phone: +41 58 789 12 01 E-mail: stefania.misteli@valora.com Branche: Retail ISIN: CH0002088976 WKN: 208897 Börsen: SWX Swiss Exchange / official market BX Berne eXchange / official dealing

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