VIB Vermögen AG: VIB Vermögen AG increases earnings potential through long-term interest optimisation

Neuburg/Danube (pta006/21.09.2015/07:30 UTC+2) Neuburg/Danube, September 21, 2015 - VIB Vermögen AG, a company specialising in commercial real estate development and portfolio management, utilizes the currently very favourable interest-rate environment and has already secured attractive terms for the future by way of forward loans.

Prior to maturity the company was able to realise substantially cheaper rearrangement of interest terms for an amount of around EUR 149 million. This corresponds to a share of 87 % of the loans, where long term fixed interest arrangements will expire in 2016 and 2017. The maturities of the newly agreed fixed interest arrangements again lie in the usual long-term range. Moreover, the financing mix of short and long term fixed rates was further optimised. As a consequence, the average interest rate for the loans expiring in 2016/17 which currently amounts to 4.5 to 5% will be reduced to around 2%. This will result in lower interest expenses starting from the 2016 fiscal year, with the full benefit of this measure being effective from 2018 year on.

Holger Pilgenröther, CFO of VIB Vermögen AG, expresses his great satisfaction: "We have achieved an important milestone in our financial planning with the fixed interest structures that we have put in place. With this new long-term securing of the currently favourable interest-rate level, we will be able to realise a significantly positive earnings effect in the coming years."

Ludwig Schlosser, CEO of VIB Vermögen AG, puts the optimisation of the debt portfolio into the context of the corporate strategy: "Sustainable financing has formed an elementary building block of VIB's success since its foundation. With the early prolongation of these loans, we are again underscoring our very good access to favourable financing facilities, also with regards to planned further acquisitions."

Contact

Investor Relations:

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

cometis AG
Ulrich Wiehle
Unter den Eichen 7
65195 Wiesbaden
Tel: +49 (0)611 205855-11
Fax: +49 (0)611 205855-66
E-Mail: wiehle@cometis.de

Profile of VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management, and has now been operating successfully for more than 20 years on the property market. The company focuses on properties in the logistics/light industry and retail sectors in the economically strong region of Southern Germany. The shares of VIB Vermögen AG have been listed on the stock exchange Munich (m:access) and Frankfurt (Open Market, XETRA) since 2005.

VIB Vermögen AG business pursues a "develop-or-buy-and-hold" strategy: Firstly, VIB acquires properties that are already rented. Secondly, it completely develops new properties in order to transfer them long-term to its own portfolio. VIB also holds investments in companies with real estate assets.

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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