euro adhoc: Valora Holding AG / Annual & Special Corporate Meetings / Valora Holding AG´s shareholders approve all motions proposed to the General Meeting by the Board.

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
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29.04.2008

Dividend of CHF 9 per share approved Board authorised to buy back
Valora shares in order to reduce share capital Board members´ terms
of office reduced to one year Bernhard Heusler to join Valora´s
Board of Directors Rolando Benedick, Markus Fiechter, Franz Julen and
Conrad Löffel all re-elected

Valora Holding AG´s Ordinary General Meeting of Shareholders in Bern
was attended by 419 shareholders. The shareholders attending in
person, plus those whose shares were represented through proxies
granted to the independent shareholders´ representative, to
custodians´ representatives and to the company itself, represented a
total of 1'068´503 outstanding voting shares of Valora Holding AG.
The General Meeting of Shareholders approved all agenda items
recommended by the Board of Directors. Full details of the votes cast
are displayed on the Valora website
(http://www.valora.com/en/investoren/generalversammlung/index.php ).

Dividend and share buy-back The dividend of CHF 9 per share entitled
to dividend which was proposed by the Board was approved and will be
distributed to shareholders on May 9, 2008. The General Meeting also
authorised the Board to buy back a maximum of 500,000 shares for the
purpose of reducing the company´s outstanding share capital. The
share buy-back programme will be initiated in the next months.

Elections to the Board and shorter terms of office Shareholders
approved the Board´s proposal that Directors´ terms of office be
reduced from three years to one year. The company´s Articles of
Incorporation will be modified accordingly. Bernhard Heusler was
elected to serve a one-year term of office as a new Board member. The
existing Board members Rolando Benedick, Markus Fiechter, Franz Julen
and Conrad Löffel were all re-elected for one-year terms also. The
remaining Board members declined to stand for re-election.

New composition of the Board Committees Following the Ordinary
General Meeting of Shareholders, the newly constituted Board of
Directors held its first meeting, at which it appointed Rolando
Benedick as Chairman and Markus Fiechter as Vice-Chairman. Membership
of the Board Committees was decided as follows:

Audit Comittee:
Conrad Löffel (Chairman)
Bernhard Heusler
Rolando Benedick

Nomination and Compensation Committee:
Franz Julen (Chairman)
Markus Fiechter
Rolando Benedick

CEO and Retail Division Head positions both successfully filled The
newly appointed CEO, Dr. Thomas Vollmoeller, and the new Head of
Valora´s Retail division, Kaspar Niklaus, presented themselves to
shareholders at today´s Annual General Meeting. They are both not
only recognised retail specialists but also have impressive track
records in the field of organisational development. Valora´s
Directors are convinced that with these appointments, and the new
Board composition, the essential prerequisites for Valora´s long-term
and sustained success have now been met.

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

Further inquiry note:

Please address any questions relating to this media release to :

Media Relations

Stefania Misteli

Phone +41 58 789 12 01

Mobile +41 79 467 52 16

E-mail stefania.misteli@valora.com

Investor Relations

Stefan Knuchel

Phone: +41 58 789 12 20

Mobile: +41 79 430 52 45

E-mail: stefan.knuchel@valora.com

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