According to a statement it made on February 7, 2014 ETHENEA Independent Investors S.A., 9a rue Gabriel Lippmann, 5365 Munsbach, Luxembourg informed that they increased their total shareholdings in registered shares of Valora Holding AG to 5.01% (172'200 registered shares) on February 5, 2014. The contact person is Frank Hauprich, Munsbach, Luxembourg.