euro adhoc: Vivacon AG / other / Vivacon AG increases EBIT by 230% to EUR 67.2m and net income by 108% to EUR 34.7m in Q3 2008

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

13.11.2008

Vivacon AG (ISIN DE0006048911) generated revenues of EUR 47.6m
following EUR 60.3m in the quarter of the previous year. EBIT
improved by 230% to EUR 67.2m (Q3 2007: EUR 20.4m) and pre-tax profit
reached EUR 50.5m following EUR 11.6m in Q3 2007. The market
valuation of hedging instruments (inflation and interest swaps) has
negatively influenced the pre-tax profit by EUR -6.1m (Q3 2007: EUR
-2.5m). Net income reached EUR 34.7m compared to EUR 16.7m in Q3
2007.

The acquisition of further ground lease portfolios with an annual
ground lease cash flow of EUR 3.0m and especially the positive impact
from the declined real interest rate level have contributed to the
result improvement. Moreover the 43% revenue growth of the private
investor segment has contributed to the solid group revenue growth.

The 9M 2008 figures look as follows: revenues amounted to EUR 126.1m
(9M 2007: EUR 117.8m), EBIT resulted to EUR 87.1m (9M 2007: 39.2m),
EBT was EUR 52.3m (9M 2007: EUR 33.2m) and net income reached EUR
34.7m following EUR 31.7m in 9M 2007.

In the 9M 2008, the undiluted EPS reached EUR 1.75 following EUR 0.86
in the same period of the previous year. Order backlog amounted to
EUR 57.9m following EUR 117.7m at the end of September 2007.

Vivacon is currently in several negotiations about acquisitions of
new ground lease portfolios as well as the disposal of real estate
portfolios currently held for sale. At present, the German real
estate market is characterized by significantly expanded negotiation
processes and a strong decline in portfolio transactions due to the
international financial crisis. Against the background of the
difficult market environment and the uncertainty of future signing
dates, the management board is not keeping up the previous
communicated full-year net income guidance of EUR 60m.

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

Leiter Investor Relations & Corporate Finance

Tel: + 49 221 / 1305621 630

Sven.Annutsch@vivacon.de

Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: SDAX, CDAX, Classic All Share, Prime All Share, DAX
International 100
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