euro adhoc: Vivacon AG / Mergers - Acquisitions - Takeovers / VIVACON AG acquires CURANIS Group with EUR 4bn Assets under Management

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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07.02.2008

VIVACON AG (ISIN DE0006048911) has today acquired 80% of CURANIS
HOLDING GmbH as of 01 January 2008 in a strategic expansion into
property management. CURANIS, which is based in Munster (Lower
Saxony), is one of the largest real estate managers in Germany. The
company services more than 53,000 residential and commercial units in
more than 250 locations throughout Germany and has some 600
employees. The focus of the Group´s activities is in the residential
sector, but the company has also successfully expanded into the
commercial real estate sector in recent years. The market value of
the properties under management currently amounts to approximately
EUR 4bn.

CURANIS HOLDING GmbH will continue to be independently operated. The
current executive directors will work together with VIVACON AG in the
long-term to continue successful development of the group. CURANIS
intends to grow the number of units under management to more than
100,000 residential and commercial units in the medium-term.

This acquisition is an important strategic step for VIVACON AG. The
existing asset management activities will be expanded into property
management, thus completing the company´s value chain of property
ser-vices. In the future, VIVACON AG will be able to offer the
complete range of residential real estate services required by
institutional investors in a "one-stop shopping" approach, and
thereby further increase the at-tractiveness and profitability of
portfolios for investors. In addition, the proportion of VIVACON AG´s
reve-nues and earnings generated from recurring sources will be
further expanded through the acquisition.

In the financial year 2007E, CURANIS generated revenues of
approximately EUR 25m with an EBIT-margin of more than 10%. The
purchase price has been paid in cash with specially arranged bank
financing. No details of the purchase price were disclosed.

end of announcement euro adhoc
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ots Originaltext: Vivacon AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Sven Annutsch

Head Investor Relations & Corporate Finance

Tel: + 49 221 / 1305621 630

Sven.Annutsch@vivacon.de

Vivacon AG

Bayenthalgürtel 4

50968 Köln

Fax: + 49 221 / 1305621 952

http://www.vivacon.de

Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / regulated dealing