VIB Vermögen AG: VIB Vermögen AG focuses on growth with further mandatory convertible bond

Volume of 25.6 million EURO placed, investment pipeline

Neuburg/Donau (pta014/26.11.2013/11:10 UTC+1) November 26, 2013 - VIB Vermögen AG, a company specialising in commercial real estate portfolio management, is continuing to focus on sustainable growth on attractive financing terms. To this end, the company is issuing a EUR 25.6 million mandatory convertible bond for which institutional investors have subscribed in a private placing. The two-year bond carries an attractive 4.5% p.a. coupon, and is denominated in bonds of EUR 1,000 each. The mandatory convertible bond will be listed in the Quotation Board of the Frankfurt Stock Exchange (ISIN DE000A1YCQ52, WKN A1YCQ5) from November 28, 2013.

Holger Pilgenröther, CFO of VIB Vermögen AG, is very satisfied with the deal's suc-cess: "Demand this time was higher than for our first issue almost one year ago. In-vestors particularly appreciate our business model's sustainable cash flow strength, which makes the mandatory convertible bond attractive. At the same time, we also further broadened our investor base as a result of this step." Pilgenröther emphasis-es the benefits of this type of financing for VIB Vermögen AG: "With the proceeds we can acquire commercial properties with above-average rental returns, while at the same time enjoying long-term favourable refinancing costs and a strengthened equity base."

The company aims to invest the issue proceeds in further high-yielding properties, thereby continuing on its successful growth path. Ludwig Schlosser, CEO of VIB Vermögen AG, indicated a well-filled project pipeline: "We have just expanded our portfolio to include a new MAN service station in Neuss, and we have also an-nounced our investment in a further MAN service station in Freiburg. We are currently examining properties and development projects with a volume of up to EUR 60 million. We are already in specific negotiations in the case of some promising properties. For this reason, we are very confident that we can rapidly reinvest these issue proceeds, thereby generating additional rental income."

Subscription rights for existing shareholders were excluded. Given a EUR 12.00 conversion price, investors have two conversion windows: the first comprises the period between July 7, 2014 and November 27, 2014, and the second the period between the third calendar day following the company's Annual General Meeting in 2015, and the bond's maturity date on November 27, 2015. Conversion will generate a total of 2,136,000 new shares that will be dividend-entitled from January 1 of the respective conversion year.
The transaction was supported by the Baader Bank and Kreissparkasse Biberach as joint lead manager and joint bookrunner.

Contact

Investor Relations:

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

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

Profile of VIB Vermögen AG (including BBI Immobilien AG)

VIB Vermögen AG is a medium-sized real estate holding company whose invest-ments focus on commercial properties in Southern Germany. Formed as a partner-ship 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. Next to the acquir-ing of existing real estate for the own portfolio both, project development and conception of properties are in the main focus. 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