25.10.2005 – 09:02

Vivacon AG

euro adhoc: Vivacon AG
Restructuring & Recapitalisations
VIVACON AG increased capital without subscription rights

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

25.10.2005

Ad-hoc announcement  according to § 15 WpHG

VIVACON AG  increased capital without subscription rights

Cologne, October 25th 2005. The executive board of VIVACON AG (ISIN
DE000604 8911), with authorization of the supervisory board,
increased the company’s share capital in order to realize present,
attractive business opportunities and to sustainably invest in the
business segment "block deals for residential properties". According
to the authorisations of § 7 of the company’s statutes the company is
issuing 1,739,970 new bearer shares with a nominal capital of EUR 1.-
per share with full dividend entitlements for the financial year 2005
(inclusive). The subscription rights of the shareholders were
excluded according to § 186 para. 3 sentence 4 of the German stock
corporation law in connection with § 7 of the company’s statutes.

The capital increase is lead-managed by Commerzbank AG, Frankfurt.
Berenberg Bank, Hamburg, will act as a selling agent in the
transaction.

end of announcement                               euro adhoc 25.10.2005 08:27:21

Further inquiry note:

Michael Schroeder
+49 (0) 221 93761-256
michael.schroeder@vivacon.de

Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: CDAX, SDAX, Prime Standard, Prime All Share, Classic All
Share
Börsen: Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Frankfurter Wertpapierbörse / official dealing
Bayerische Börse / official dealing