VIB Vermögen AG: VIB Vermögen AG raises forecast, Portfolio expansion in Nuremberg

Investment of EUR 26.8 million in Nuremberg, Upgrade to FY 2012 forecast

Neuburg/Danube (pta010/27.06.2012/07:30 UTC+2) June 27, 2012 - VIB Vermögen AG, a specialist commercial real estate portfolio management company, has further expanded its real estate portfolio. The recently acquired hybrid-purpose property in Nuremberg, which comprises both office and logistics areas, offers a total rentable space of 85,282 sqm. Of this volume, 78,065 sqm is rented, corresponding to a 91.5% rental ratio. The land area amounts to 162,000 sqm. The annual rental return for the rented areas stands at EUR 3.1 million. The investment volume amounts to approximately EUR 26.8 million including costs for infrastructure and for refurbishment, which was already started by the former owner. The rental yield based on the actual rent amounts to 11.5% as a consequence. The property was financed with a regional bank on very favourable terms.

As a result of the positive business trend in the recent portfolio expansion, the Managing Board is raising its forecast for the current financial year (in each case before revaluation effects). Revenues of EUR 59.5 - 60.5 million are now expected (previous forecast: EUR 56.5 - 57.5 million). At the same time, earnings before interest and tax (EBIT) is set to increase to EUR 43.0 - 44.0 million (previous forecast: EUR 41.0 - 42.0 million). The Managing Board also anticipates pre-tax earnings of EUR 23.0 - 24.0 million (previous forecast: EUR 21.5 - 22.5 million). This represents significant year-on-year revenue and earnings growth.

Ludwig Schlosser, CEO of VIB Vermögen AG, expressed his pleasure at the recent addition to the real estate portfolio: "We can again broaden our earnings base with this property in Nuremberg. We are raising our revenue and earnings forecasts for the full year due to the new investment and the positive trend of our operating business, which confirms the sustainable success of our long-term investment strategy." Peter Schropp, Managing Board member responsible for the real estate business, also pointed out the further development potential of the property in Nuremberg: "The location offers the opportunity to develop further properties on this land, and thereby generate additional income. We have already successfully realised this in the past with several properties, such as the Donau City Center in Ingolstadt. For this reason, the new property in Nuremberg fits outstandingly with our investment strategy."

At the AGM to be held on July 4, 2012, the Managing Board will propose the distribution of a dividend of EUR 0.35 per share. This corresponds to a dividend yield of around 4.5% on the current share price level. At the same time, 41.8% of the dividend will be distributed tax-free for shareholders.

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel: + 49 (0)8431 504-952
Luitpoldstr. C70 Fax: + 49 (0)8431 504-973
86633 Neuburg/Danube E-Mail: petra.riechert@vib-ag.de

cometis AG
Ulrich Wiehle / Patrick Ortner Tel: +49 (0)611 205855-16
Unter den Eichen 7 Fax: +49 (0)611 205855-66
65195 Wiesbaden E-Mail: ortner@cometis.de

Profile of VIB Vermögen AG (including BBI Immobilien AG)

VIB Vermögen AG (WKN 245751/ISIN DE0002457512) is a medium-sized real estate holding company whose investments focus on commercial properties in Southern Germany. Formed as a partnership in 1993, VIB Vermögen AG was transformed to become a German public limited company (Aktiengesellschaft) in 2000. Since then, the company has been developing its core competencies in the acquisition and management of its own properties, and of participating interests in companies with real estate portfolios.
VIB Vermögen AG pursues a develop-or-buy-and-hold strategy. It develops properties for its own portfolio, and acquires existing real estate. The VIB Group's real estate portfolio includes logistics properties, industrial plants, shopping centres and retail parks, and commercial and service centres.

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Emitter:	VIB Vermögen AG Luitpoldstraße C 70 86633 Neuburg an der Donau Germany
Contact Person:	Petra Riechert
Phone:	+49 8431 504-952
E-Mail:	petra.riechert@vib-ag.de
Website:	www.vib-ag.de
ISIN(s):	DE0002457512 (Share)
Stock Exchange(s):	Free Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart