Vivacon AG

euro adhoc: Vivacon AG
Board of Directors (Appointments and Changes)
Vivacon CEO Marc Leffin intends to move to the supervisory board. Michael Jung to be appointed to CEO; Oliver Priggemeyer to join the executive board

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 26.03.2007 Cologne, 26 March 2007. The executive board and supervisory board will propose the annual general meeting on 22 May the appointment of Mr. Leffin (38) to the supervisory board after ten years as CEO of VIVACON AG (ISIN 000604 8911).It is planned that Marc Leffin become the new chairman of the supervisory board in order to allow him to concentrate on the further strategic development of the Vivacon group. Mr. Leffin will be available for this new role on a long-term basis and intends to retain his current sharehing. Michael Jung (40) will be appointed to CEO, having been the company's CFO since 2004. Mr. Jung has been instrumental in the development of the institutional investor business and will retain his responsibility for the finance department. In addition, the supervisory board has appointed Oliver Priggemeyer (38) to the executive board of Vivacon AG as COO with effect from 1st July, 2007. His primary duty will be the further development of the personnel and organisational structure in light of the continuing strong growth of the group. Oliver Priggemeyer was until recently CEO of EPM Assetis GmbH, a joint venture between WestLB and Bilfinger Berger with approximately 470 employees and more than EUR 10bn of assets under management. Mr. Priggemeyer's responsibilities there included the asset and portfolio management business. Further explanation: Marc Leffin (38), co-founder and major shareholder of VIVACON AG, intends to allow for the continuing strong growth and will soley concentrate on the strategic positioning and expansion of new business areas of VIVACON AG in the future. Already in the business year 2006, Mr Leffin dealt preferentially with the further development of the Company. The now intended change from CEO of the executive board to chairman of the supervisory board allows for the development of the expanded scope of duties. "I do see a lot of growth potential for VIVACON AG und will set all courses to press ahead Company growth". The executive board of VIVACON AG intends to advance on two areas in parallel: strategically and structurally. "We intend to expand our top management team and to bundle and enhance its capacities to promote the Company in the long-term." "Following 10 years of groundwork and management functions as CEO of VIVACON AG, I decided to change from the executive board to the supervisory board. I will take over the responsibilty of the Company and subject to the appointement as chairman of the supervisory board. Even though, I was responsible for strategy of VIVACON AG as executive member, I was strongly involved in the operational day-to-day business. In contrast to virtually all other supervisory board members, I intend to execute the mandate as chairman of the supervisory board full-time, i.e. not part-time. In this respect, I see my future duty as chairman of the supervisory board in the coming years similar as in the USA and UK like a member of a "board" as "non-executive member". These chairmans are stronger involved in company events than an usual chairman of the supervisory board in Germany. These changes reflects the request of the other supervisory board members, which were demanded in a high degree by an undue number of single decisions in 2006. end of announcement euro adhoc 26.03.2007 07:58:12 -------------------------------------------------------------------------------- ots Originaltext: Vivacon AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Sven Annutsch Head Corporate Finance Tel: + 49 221 / 1305621 630 Sven.Annutsch@vivacon.de Lars Schriewer Director Communication Tel: + 49 221 / 1305621 631 Lars.Schriewer@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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