euro adhoc: Vivacon AG / Board of Directors (Appointments and Changes) / Vivacon CEO Marc Leffin intends to move to the supervisory board. Michael Jung to be appointed to CEO; Oliver Priggemeyer to jo

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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26.03.2007

Cologne, 26 March 2007. The executive board and supervisory board
will propose the annual general meeting on 22 May the appointment of
Mr. Leffin (38) to the supervisory board after ten years as CEO of
VIVACON AG (ISIN 000604 8911).It is planned that Marc Leffin become
the new chairman of the supervisory board in order to allow him to
concentrate on the further strategic development of the Vivacon
group. Mr. Leffin will be available for this new role on a long-term
basis and intends to retain his current sharehing.

Michael Jung (40) will be appointed to CEO, having been the company's
CFO since 2004. Mr. Jung has been instrumental in the development of
the institutional investor business and will retain his
responsibility for the finance department.

In addition, the supervisory board has appointed Oliver Priggemeyer
(38) to the executive board of Vivacon AG as COO with effect from 1st
July, 2007. His primary duty will be the further development of the
personnel and organisational structure in light of the continuing
strong growth of the group. Oliver Priggemeyer was until recently CEO
of EPM Assetis GmbH, a joint venture between WestLB and Bilfinger
Berger with approximately 470 employees and more than EUR 10bn of
assets under management. Mr. Priggemeyer's responsibilities there
included the asset and portfolio management business.

Further explanation:

Marc Leffin (38), co-founder and major shareholder of VIVACON AG,
intends to allow for the continuing strong growth and will soley
concentrate on the strategic positioning and expansion of new
business areas of VIVACON AG in the future. Already in the business
year 2006, Mr Leffin dealt preferentially with the further
development of the Company. The now intended change from CEO of the
executive board to chairman of the supervisory board allows for the
development of the expanded scope of duties.

"I do see a lot of growth potential for VIVACON AG und will set all
courses to press ahead Company growth". The executive board of
VIVACON AG intends to advance on two areas in parallel: strategically
and structurally. "We intend to expand our top management team and to
bundle and enhance its capacities to promote the Company in the
long-term."

"Following 10 years of groundwork and management functions as CEO of
VIVACON AG, I decided to change from the executive board to the
supervisory board. I will take over the responsibilty of the Company
and subject to the appointement as chairman of the supervisory board.
Even though, I was responsible for strategy of VIVACON AG as
executive member, I was strongly involved in the operational
day-to-day business. In contrast to virtually all other supervisory
board members, I intend to execute the mandate as chairman of the
supervisory board full-time, i.e. not part-time. In this respect, I
see my future duty as chairman of the supervisory board in the coming
years similar as in the USA and UK like a member of a "board" as
"non-executive member". These chairmans are stronger involved in
company events than an usual chairman of the supervisory board in
Germany. These changes reflects the request of the other supervisory
board members, which were demanded in a high degree by an undue
number of single decisions in 2006.

end of announcement euro adhoc 26.03.2007 07:58:12
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ots Originaltext: Vivacon AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Sven Annutsch
Head Corporate Finance
Tel: + 49 221 / 1305621 630
Sven.Annutsch@vivacon.de

Lars Schriewer
Director Communication
Tel: + 49 221 / 1305621 631
Lars.Schriewer@vivacon.de

Vivacon AG
Bayenthalgürtel 4
50968 Köln
Fax: + 49 221 / 1305621 950
http://www.vivacon.de

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