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Vivacon AG

EANS-Adhoc: Subsidiaries of Vivacon AG file for insolvency

  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.
07.01.2010
Cologne, January 7th 2010. The two subsidiaries of the group of 
Vivacon AG (ISIN 000604 8911), Vivacon Denkmal Objekt I. GmbH & Co.KG
und VD Berlin-Mitte Luisenstadt GmbH & Co.KG, will file for 
insolvency at the local court in Cologne. The two subsidiaries are 
single purpose companies focused only on the development of a single 
development project "Luise" in Berlin which originally has been part 
of the purchase agreement regarding the development business. After 
the investor has exercised his contractual right of withdrawal from 
the purchase of this project the solvency of the two project 
companies could not have been sustained. The existing liquidity gap 
could not be bridged in short time.
The insolvency was filed in the context of the current restructuring 
of Vivacon group.
end of announcement                               euro adhoc

Further inquiry note:

Investor Relations
Telefon: +49 (0)221 1305621-0
E-Mail: ir@vivacon.de

Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: CDAX
Börsen: Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
Frankfurt / regulated dealing/general standard

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