Vivacon AG

EANS-Adhoc: Vivacon AG announces acute liquidity crises and restructures legal representatives

-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 29.05.2009 Against the background of the ongoing capital market crisis and the difficult market environment, Vivacon AG (ISIN 000604 8911) is in an acute liquidity crisis. The company currently negotiates with all creditor banks about extension agreements and the opportunity for an extrajudicial restructuring concept. Intention is also the prolongation of portfolio financings becoming due in the current year. The restructuring concept and the planned restructuring envisage short-term fund raising by sale of assets (real estate) and possibly investments. In addition, further measurements for cost reduction will be implemented. Against this background, the company reduced the number of board members. Mr. Zweigner resigns from the executive board, which now consists of Mr. Ries and Mr. Rodemer. Executive board and supervisory board thank Mr. Zweigner for his efforts. In the future, the supervisory board consists of Mr. Leffin, Dr. Vier and Prof. Dr. Gräf. Mr. Graebner stepped down. Executive board and supervisory board thank Mr. Graebner for his longtime efforts. Vivacon AG applies for a segment change from the Prime Standard to the General Standard because of the current situation. For this reason, the quarterly reporting according to the regulations of the Prime Standard segment is omitted. Instead, the company will publish interim statements according to Sec. 37x of the WpHG. The publication date of the consolidated financial statements 2008 is currently uncertain. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Vivacon AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Sven Annutsch Tel. ++49(0)221 130 5621-630 Email: sven.annutsch@vivacon.de Branche: Real Estate ISIN: DE0006048911 WKN: 604891 Index: SDAX, CDAX, Classic All Share, Prime All Share, DAX International 100 Börsen: Frankfurt / regulated dealing/prime standard Berlin / free trade Hamburg / free trade Stuttgart / free trade Düsseldorf / free trade München / regulated dealing

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