euro adhoc: Vivacon AG / Financing, Stock Offerings (IPO) / VIVACON AG creates "Vivacon German Properties PLC" - plans up to EUR 500m flotation

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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08.05.2006

Cologne, 8 May 2006. VIVACON AG (ISIN DE0006048911) announces the
creation of a new Isle of Man-based residential real estate
investment company. The new company, to be called "Vivacon German
Properties PLC", is to be floated on the AIM segment of the London
Stock Exchange and intends to raise up to EUR 500m in equity. Vivacon
German Properties PLC intends to acquire profitable residential real
estate portfolios in Germany, which are to be managed by a
newly-created asset management subsidiary of Vivacon AG.

The planned IPO represents an expansion of VIVACON AG’s asset
management activities. In order to strengthen this area, Vivacon AG
has appointed Peter Brock to head the new asset management
subsidiary. Mr. Brock was previously Managing Director of one of the
largest financial investors in the area of residential property in
Germany and brings a wealth of experience in the acquisition,
financing and management of large residential portfolios.

VIVACON AG intends to take a stake in the new company on listing in
order to be able to participate in the potential increase in value of
the company’s residential real estate portfolio.

The IPO is expected to take place in Q2 2006; an international
investment banking consortium has already been mandated. Further
details will be announced shortly before the IPO.

Not for distribution in the United States, Canada, Australia and
Japan

This document does not constitute an offer for sale of shares,
neither in the United States, nor any other jurisdiction. The shares
have not been and will not be registered under the U.S. Securities
Act of 1933, as amended or under the securities laws of the
individual states of the United States and must not be offered or
sold in or be delivered to the United States. It is not intended to
register the offering or any part thereof in the United States or to
conduct a public offering in the United States.

end of announcement euro adhoc 08.05.2006 07:55:22
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ots Originaltext: Vivacon AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Sven Annutsch
+49 (0) 221 93761-2132
sven.annutsch@vivacon.de

Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: CDAX, SDAX, Prime All Share, Classic All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / official dealing