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29.09.2006 – 08:21

Vivacon AG

euro adhoc: Vivacon AG
VIVACON AG sells two residential portfolios consisting of 5,046 units in total

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Ad-hoc announcement according to § 15 WpHG
VIVACON AG sells two residential portfolios consisting of 5,046 units
in total
Cologne, 29th September 2006. VIVACON AG (ISIN 000604 8911) has today
sold two substantial residential property portfolios in individual
transactions to two international Institutional Investors. Total
units sold amount to 5,046 with a total area of approximately 272,000
sqm. Of the total, 2,256 units are located in Western Germany
predominantly in North Rhine-Westphalia and 2,790 units are located
in Saxony-Anhalt.
Transaction volume amounts to approximately EUR 210m. VIVACON AG will
generate initial annual ground rents of some EUR 1.36m from this
transaction. The ground lease contracts have a lifetime of 198 years.
The transactions take the form of the sale of shares in special
purpose vehicles. The disposal is partly subject to antitrust
end of announcement                               euro adhoc 29.09.2006 07:45:58

Further inquiry note:

Sven Annutsch
Head Corporate Finance
Tel: + 49 221 / 1305621 630

Lars Schriewer
Director Communication
Tel: + 49 221 / 1305621 631

Vivacon AG
Bayenthalgürtel 4
50968 Köln
Fax: + 49 221 / 1305621 950

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