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29.11.2006 – 17:59

Vivacon AG

euro adhoc: Vivacon AG
VIVACON AG sells a further EUR 180m residential portfolio consisting of 5,133 units

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Cologne, 29th November 2006. VIVACON AG (ISIN 000604 8911) has today
sold a substantial residential property portfolio to an international
institutional investor. The number of residential units sold amount
to 5,133 with a total area of c. 305,700 sqm. The units are located
predominantly in Northern Germany as well as in North
The transaction volume amounts to approximately EUR 180m. VIVACON AG
will generate initial annual ground rents of some EUR 1.04m from this
transaction. The ground lease contracts have an initial maturity of
198 years. The transaction take the form of a sale of shares in
special purpose vehicles. The closing of this transaction is still
subject to the investor's superviory board and antitrust commission
Vivacon AG reiterates its full year guidance of EUR 38m net income
for 2006.
end of announcement                               euro adhoc 29.11.2006 17:24:06

Further inquiry note:

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

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

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