VIB Vermögen AG: VIB Vermögen AG places mandatory convertible bond to facilitate further growth

Purchase and development of properties in Neufahrn, Grossmehring and Neuss

Neuburg/Danube (pta008/19.12.2012/10:40 UTC+1) December 19, 2012 - VIB Vermögen AG, a specialist commercial real estate portfolio management company, has successfully placed a mandatory convertible bond with an issue volume of EUR 17.0 million as part of a private placing among selected institutional investors. The bond carries a 4.5 % coupon and a two-year maturity, and is denominated in amounts of EUR 1,000. Subscription rights for existing shareholders were excluded. This mandatory convertible bond will be included in trading in the Quotationboard of the Frankfurt Stock Exchange on December 19, 2012 (ISIN DE000A1R0S50).

Two conversion windows occur between July 6, 2013 and December 18, 2013, as well as between the third calendar date following the conclusion of the company's AGM in 2014 and the bond's maturity date on December 18, 2014. The conversion price stands at EUR 10. The increase in the share capital arising from the new shares will be entered in the commercial register, thereby becoming effective, in January 2014 and 2015 respectively. A total of 1.7 million new shares will arise following the completion of the conversion, which will become dividend-entitled from January 1 of the year in which the conversion occurs.

In turn, the issue proceeds will be invested in high-yielding properties. Part of the issue proceeds will be invested in the acquisition of two logistics properties in Neufahrn (rentable space: 16,650 sqm) and Grossmehring (rentable space: 14,600 sqm), entailing investment volumes of EUR 6.5 million and EUR 7.5 million respectively. These properties will generate rental income for the first time by the end of this year. VIB Vermögen AG is also developing a MAN service station in Neuss with a rentable space of 5,066 sqm and a EUR 9.8 million investment sum. All of the new investments, comprising a total outlay of approximately EUR 23.8 million (including all incidental costs), are already fully rented, realising an attractive 8.7 % average rental yield. In Neufahrn, the company is also developing a logistics hall on a plot of land held in the company's portfolio, entailing a EUR 4.5 million investment volume and annual target rental income of EUR 470 thousand. The project is planned to be finished by end of the first quarter of 2013.

Ludwig Schlosser, CEO of VIB Vermögen AG, expressed his pleasure at the successful issue as follows: "We were able to place this mandatory convertible bond extremely quickly. High demand from investors provides confirmation of our successful and sustainable business model." Peter Schropp, Managing Board member responsible for the real estate business, underscored the transaction's significance for the further development of the company's business: "Due to the issue proceeds we now have the opportunity to grow further, with the new high-yield investments generating additional revenue and earnings over the coming months."

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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