Vivacon AG

euro adhoc: Vivacon AG
Financing, Stock Offerings (IPO)
VIVACON AG: Successful placing of ground lease receivables with a total volume of EUR 117.5m

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 22.12.2006 Cologne, 22nd December 2006. VIVACON AG (ISIN 000604 8911) today successfully placed a further securitization of ground lease receivables from its portfolio on the capital market. The issue volume amounts to EUR 117.5m. The securitized ground lease receivables relate to 10,934 residential and commercial units. Ground lease receivables belonging to the Joint Venture with Forum Partners are included in the securitization. The Forum Partners Joint Venture will receive approximately EUR 20m of the issue proceeds. Fitch rated the complete transaction with Aaa. Moody’s rated the senior tranche, which amounts to 65%, at Aaa and the remaining junior tranche at Aa3. The transaction was placed with institutional Investors in Germany within hours. UniCredit Markets & Investmentbanking has also structured VIVACON's second securitization and placed the commercial mortgage backed securities (CMBS) as sole book runner in the capital market. The expected maturity amounts to 7 years with a legal final maturity of 13 years. The proceeds will mainly be used to further expand the portfolio trading business. end of announcement euro adhoc 22.12.2006 10:11:58 -------------------------------------------------------------------------------- ots Originaltext: Vivacon AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Lars Schriewer Director Communication Tel: + 49 221 / 1305621 631 Lars.Schriewer@vivacon.de Sven Annutsch Head Corporate Finance Tel: + 49 221 / 1305621 630 Sven.Annutsch@vivacon.de Vivacon AG Bayenthalgürtel 4 50968 Köln Fax: + 49 221 / 1305621 950 http://www.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

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