17.03.2005 – 07:00

Vivacon AG

euro adhoc: Vivacon AG
Financing, Stock Offerings
VIVACON AG plans capital increase without subscription rights

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

17.03.2005

Ad-hoc announcement  according to § 15 WpHG

VIVACON AG plans capital increase without subscription rights

Cologne, March 17th 2005. The executive board of VIVACON AG (ISIN
000604 8911) plans to increase the company’s share capital of EUR
13,266,666 by up to EUR 1,326,666 to up to EUR 14,593,332 in order to
exploit present, attractive business opportunities, by issuing
1,326,666 new bearer shares with a nominal capital of EUR 1.- per
share with full dividend entitlements for the financial year 2005
(inclusive) according to the authorisations of § 7 of the company’s
statutes as well as to exclude the subscription rights of the
shareholders 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 will be managed and led by Bayerische Hypo- und
Vereinsbank Aktiengesellschaft, Munich.  Bankhaus Sal. Oppenheim jr.
& Cie. KGaA, Cologne will act as a selling agent in the transaction.

end of announcement                    euro adhoc 17.03.2005 06:29:00 

Further inquiry note:

Lars Schriewer
Tel.: +49 (0) 221 93761 26
E-Mail: lars.schriewer@vivacon.de

Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: General Standard, CDAX, SDAX
Börsen: Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / official dealing