Vivacon AG

EANS-Adhoc: Vivacon AG sells five development projects

-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 04.06.2009 Vivacon AG (ISIN 000604 8911) has signed a purchase contract with an international investor about a part of its development business. The transaction should be implemented as of 30th June 2009. Condition for the closing is among others the banks approval to change of control. Details of the purchase price were not disclosed. The sold assets are in total five development projects in Berlin, Hamburg and Düsseldorf with a total project volume of approximately EUR 345m and c. 610 units. A part of the employees in the development segment will change to the purchaser in the course of the transaction. The buyer - an experienced project developer for residential properties - intends to finalize the projects as planned. The development projects, which remain at Vivacon AG, will be finalized by the company as planned. The disposal of part of the development business is an important part in the context of the ongoing restructuring of the Vivacon AG group. Vivacon AG will not only receive the purchase price but the common drain on liquidity during the construction phase for the five development projects will be omitted because of the disposal. In addition, overhead costs will be reduced. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Vivacon AG Im Internet recherchierbar: Further inquiry note: Sven Annutsch Tel. ++49(0)221 130 5621-630 Email: 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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