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. According to the above letter of Morgan Stanley Co Incorporated New York, the 8th of May 2006 is the date for the receipt trades of 136,645 and 35,988 and 14,867 shares in Delta Holding S.A. Morgan Stanley & Co Incorporated New York hold on behalf of its clients shares representing approximately 5,37% in the share capital of Delta Holding S.A.. In light of Morgan Stanley Co International Limited's previous disclosure in Delta Holding S.A. on trade date 3rd February 2006, Morgan Stanley as a group of companies hold on an aggregated basis 11,75%.