Delta Holdings S.A. announces herewith that the company MORGAN STANLEY & CO. INTERNATIONAL LTD changed its holding percentage in the company, as follows:

Type of transaction: Purchase of Shares
Voting Rights' Percentage (prior to the change): 9.95%, (after the change): 10.01%.
Number of voting shares (prior to the change): 4,038,160, (after the change): 4,065,160.
Total number of company shares: 40,598,268
Date of percentage change of Morgan Stanley & Co. International Ltd: 29/07/2005.