VIVACON AG acquires ground lease cash flows in the amount of c. EUR 2.0m p.a.

Köln (euro adhoc) -

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30th June 2008. As planned, VIVACON AG (ISIN DE0006048911)
has acquired ground lease cash flows through a number of portfolio transactions. The total initial annual ground leases amount to approximately EUR 2.0m. The ground leases are 100% inflation-hedged, are secured by first ranking land registry charges and have a maturity between 99 to 198 years. The majority of these ground lease properties will be recognized in the balance sheet as per the second quarter of 2008.

The amount of annual ground leases increases to approximately EUR 16.2m following these transactions. The company is in various negotiations about the direct acquisition of further ground lease cash flows. Vivacon expects a total acquisition volume of annual ground lease cash flows of up to EUR 10m in the current business year as well as a significant earnings contribution from this business activity. Moreover, the refinancing of ground leases which have previously not yet been securitized is currently in the implementation phase.

The management confirms its communicated full-year guidance of a group net income in the amount of c. EUR 60m.

Further inquiry note:
Sven Annutsch
Leiter Investor Relations & Corporate Finance
Tel: + 49 221 / 1305621 630

Vivacon AG
Bayenthalgürtel 4
50968 Köln
Fax: + 49 221 / 1305621 950

end of announcement euro adhoc

emitter: Vivacon AG
Bayenthalgürtel 4
D-50968 Köln
phone: +49 (0)221 1305621-782
FAX: +49 (0)221 1305621-952
sector: Real Estate
ISIN: DE0006048911
indexes: SDAX, CDAX, Classic All Share, Prime All Share, DAX International 100
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf, regulated dealing: Börse München
language: English