Morgan Stanley Co Incorporated New York with its letter to Delta Holding S.A. dd. 10/05/2006, notifies the change in its participation in the share capital of Delta Holding S.A., as follows: Nature of transaction: Purchase of shares. Percentage of voting rights before the change: 4, 95%, after the change: 5, 37%. Number of shares with voting rights before the change: 2.206.986 after the change: 2.394.486. Total outstanding shares of the company: 44.524.314. Date of change in the participation of the party notifying: 08/05/2006.