euro adhoc: Vivacon AG / other / VIVACON AG issues a EUR 24m convertible bond fully subscribed for by Credit Suisse

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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29.04.2008

Yesterday evening, the management board of VIVACON AG (ISIN
DE0006048911) decided to issue a convertible bond in the amount of
EUR 24.0m, which was fully subscribed for by Credit Suisse Securities
(Europe) Limited, London, ("Credit Suisse") acting as a principal
investor. Due to the high equity returns of the company, VIVACON AG
intends to use the proceeds of the convertible bond for attractive
business opportunities in the current market environment, especially
the acquisition of ground lease portfolios.

The issuing volume of the convertible bond amounts to EUR 24.0m and
was fully subscribed for by Credit Suisse at the fixed conversion
price of EUR 12.54 per share. The coupon of the Convertible Bond is
4.875% and the conversion premium at the time of the issue was
approximately 13% above the 5 day reference share price of EUR 11.09.
At maturity, the effective conversion premium will be approximately
18% and the repayment will be 104.3% of the denomination. The
maturity of the convertible bond is 5 years and the convertible bond
can be converted into approximately 1.9m Vivacon shares. The
management board in agreement with the supervisory board has excluded
the shareholders´ pre-emptive rights and uses the authorization
granted by the Annual Gen-eral Meeting on May 15th 2006. VIVACON AG
plans to list the convertible bond on the Open Market (Freiverkehr)
segment of the Frankfurt stock exchange.

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

Further inquiry note:

Sven Annutsch

Head Investor Relations & Corporate Finance

Tel: + 49 221 / 1305621 630

Sven.Annutsch@vivacon.de

Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: SDAX, CDAX, Classic All Share, Prime All Share, DAX
International 100
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / regulated dealing


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