VIVACON AG secures triple digit million credit line from NIBC Bank N.V. for ground lease acquisitions

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real estate

Köln (euro adhoc) - VIVACON AG (ISIN 000604 8911) has secured a
ground lease acquisition line in the triple digit million range by
signing a credit facility with NIBC Bank N.V., Frankfurt. This credit
line enables VIVACON to flexibly acquire commercial and residential
leasehold properties arising from market opportunities. Together with
the convertible bond issued in April of this year, the company is now
in an excellent position to directly acquire the forecasted new
ground lease interest cash flows of EUR 10 million in 2008. The total
volume of self generated or directly acquired ground lease cash flows
already amounts to around EUR 17.1 million per annum. Ground lease
cash flows are 100% inflation adjusted and in general provide a
198-year cash flows, which is highly secured by a first ranking land
registry charges and do not incur any noteworthy operating costs.

NIBC Bank N.V. is accompanying the strategic growth plan of VIVACON
AG as Lead Arranger in regard to the direct acquisition of leasehold
properties. It positions itself even in current market circumstances
as a reliable partner, whose strengths lie in creating tailor-made
financial solutions. "Germany is, beside our core market in the
Benelux, a very important growth market and is moving on to become a
second home-market for us." comments Jeroen van Hessen, Country
Manager Germany of NIBC Bank.

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 of Investor Relations & Corporate Finance)

Tel: + 49 221 / 1305621 630

Sven.Annutsch@vivacon.de

Vivacon AG

Bayenthalgürtel 4

50968 Köln

Fax: + 49 221 / 1305621 952

http://www.vivacon.de

Franz Plesser (Managing Director NIBC Frankfurt)

Tel: + 49 69 / 5050655 14

Franz.Plesser@nibc.com

Corporate Communications der NIBC Bank N.V.

Tel: + 31 70 3425 625

info@nibc.com

NIBC Bank N.V.

MAIN TOWER, Neue Mainzer Str. 52

60311 Frankfurt am Main

http:// www.nibc.com

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