euro adhoc: Valora Holding AG / other / Valora expands its activities in the fast growing convenience store sector

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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04.07.2008

- Joint venture between Valora and Migros to be dissolved - Valora to
expand its network of avec. convenience store units to over 100

Valora and Migros are pursuing different strategies in their
convenience store activities. The two firms have therefore signed a
declaration of intent which defines how their existing joint venture
in this area will be dissolved. The 34 avec. units currently operated
by Cevanova AG, which is jointly owned by Valora and Migros, as well
as those now in the planning phase, will be split 50-50. Valora will
retain the avec. brand, which it will continue to develop for its
convenience stores, while the units assigned to Migros will be
re-named. The split will be carried out based on the status as at the
June 30, 2008 half-year closing.

After the split, the avec. stores will continue to carry Migros
products. Valora will also continue to supply existing and future
Migros convenience stores and Migrol filling station shops.

As a result of this agreement, Valora will initially run a total of
38 avec. convenience stores, which it intends to expand to more than
100 outlets by the end of 2009. Expansion plans include both new site
openings and the transformation of some existing k bistro formats
into avec. units. A roll out beyond Switzerland´s borders is also
being considered. The move underscores Valora´s objective of
strengthening its position in the rapidly growing convenience store
sector, basing its expansion strategy on the well positioned avec.
brand.

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

Further inquiry note:

Valora:

Stefania Misteli

Phone: +41 58 789 12 01

Mobile: +41 79 467 52 16

E-mail: stefania.misteli@valora.com

Migros:

Monica Glisenti

Tel: +41 44 277 20 64

Mob: +41 79 218 91 59

E-Mail: monica.glisenti@mgb.ch

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