Vivacon AG

euro adhoc: Vivacon AG
Financing, Stock Offerings
VIVACON AG plans to issue 2.8 mn bonus shares

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

14.04.2005

Ad-hoc announcement  according to § 15 WpHG

VIVACON AG plans to issue 2.8 mn bonus shares

The subscription ratio is 5,2 : 1

Cologne, April 14th 2005. The executive board of VIVACON AG (ISIN 000604 8911) intends to suggest at the shareholders meeting on May 19th to issue about  2.8 mn bonus shares in order to further improve the share liquidity on capital markets. By issuing the bonus shares the company´s share capital would be increased to 17,399,742 shares.

end of announcement                                euro adhoc 14.04.2005 16:58:59
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Further inquiry note: Lars Schriewer Tel.: +49 (0) 221 93761 26 E-Mail: lars.schriewer@vivacon.de

Branche: Real Estate
ISIN:      DE0006048911
WKN:        604891
Index:    General Standard, CDAX, SDAX
Börsen:  Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / official dealing



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