The Board of Directors of DELTA HOLDING (the Company) announces that, after taking into account the findings of the valuation of the auditing firm GRANT THORNTON, drafted today the explanatory report of article 69 par. 4 of L. 2190/1920 to the General Meeting of the shareholders of the Company which will be convened in order to approve the merger by absorption of the companies CHIPITA INTERNATIONAL S.A., GOODY'S S.A., GENERAL FROZEN FOODS S.A. and DELTA DAIRY S.A. Αccording to the report of GRANT THORNTON, the shares' exchange rates recommended by the Boards of Directors of the merging companies and included in the Draft Merger Agreement are reasonable. The complete text of the explanatory report of the Board of Directors to the shareholders of the Company with the brief valuation report are posted on the website of the Company and will be also posted in the next few days on the website of the Athens Exchange together with the invitation to the General Meeting of the Company's shareholders which will be convened in order to approve the merger.