VIB Vermoegen AG

Board/Management Information • Dec 17, 2008

News Details

Corporate | 17 December 2008 08:51

VIB Vermögen AG: Executive team to expand, management and supervisory board increase equity holdings

VIB Vermögen AG / Change of Personnel

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• The supervisory board has appointed Peter Schropp as a new member,
  effective as of January 1st, 2009
• Management and supervisory board considerably increase equity holdings

Neuburg (on the Danube), December 17th, 2008 – VIB Vermögen AG, a company
specializing in commercial property holdings, is to strengthen its
management team with effect from January 1st, 2009. The start of the new
business year will see Peter Schropp take up his membership of the
company’s executive committee, with future responsibilities in the area of
property. Ludwig Schlosser, who has acted to date as sole chairman, takes
on the role of president of the executive committee. These measures mark
the company’s reaction to the strong expansion of its operational business
and are made with a view to ensuring its future organisational efficiency.

Peter Schropp will continue to act as chairman of the company BBI
Bürgerliches Brauhaus Immobilien AG, in which VIB Vermögen AG holds a
majority stake of around 82%. This optimises further the management
structure within the VIB Group.

Board chairman Ludwig Schlosser explains the background to this decision:
'The expansion of the board is the right response to our past growth. The
incorporation into the committee of extra talent enables us to continue our
successful course into the future.' He goes on to refer in particular to
the experience and expertise of the new board member. 'Thanks to his role
as chairman at BBI Immobilien AG, Peter Schropp comes ready-equipped with a
wide knowledge of how to run a stockmarket-listed property company. He was
previously employed in the banking sector for 24 years, 15 of them in the
area of property finance. We are therefore very glad to have an expert of
his calibre on board.'

The future chairman is looking forward to taking on his new role. 'We are
ideally placed, with our successful niche strategy, strong property
portfolio and high profitability, to establish the VIB Group for the long
term as one of southern Germany’s leading commercial property concerns. I
am looking forward to being able to contribute as board member in the
future', says Peter Schropp.

The current management of VIB Vermögen AG and the supervisory board have
meanwhile considerably increased their own equity holdings. The percentage
of management-held equity has thus grown by around 100,000 shares, from
1.4% to the current total of some 2% of the company’s available shares. The
supervisory board has likewise increased its equity holdings from the
previous level of 1.6% to the current 2.3%, which corresponds to a purchase
of around 120,000 of the total of 17,084,000 available shares in VIB
Vermögen AG. This confirms the intensified commitment of the firm’s
decision-makers to the ongoing development of the company. As Ludwig
Schlosser puts it: 'We are a fundamentally sound property company with a
tried-and-tested business model and a solid financial structure.' 'It is
therefore a logical step for management and the supervisory board to
further increase their own holdings. On these grounds additional purchases
are planned for the future.'

Profile of the VIB Vermögen AG (including BBI Immobilien AG):

The VIB Vermögen AG is a medium-sized real estate holding company that
focuses its investments on commercial real estate in South Germany. Founded
in 1993 as a business partnership, the VIB was converted into a public
company in the year 2000. Since then the company has developed its core
competency in the fields of acquisition and asset management of its own
real estate and of investment in companies with real estate assets. The VIB
Vermögen AG operates a ‘buy and hold’ strategy. This entails developing
real estate for its own portfolio and also acquiring existing properties.
The real estate portfolio of the VIB Group comprises various logistics
properties and industrial facilities, shopping and specialist retail
centres and also commercial and service centres. The company achieves
sustainable rental yields from a total lettable area of approximately
590,000 m².

Contact

Investor Relations:

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

cometis AG
Dirk Stauer
Tel: + 49 (0)611 205855-22
Fax: + 49 (0)611 205855-66
Unter den Eichen 7
65195 Wiesbaden
E-mail: dirk.stauer@vib-ag.de

17.12.2008 Financial News transmitted by DGAP

Language: English
Issuer: VIB Vermögen AG
Luitpoldstraße C 70
86633 Neuburg/Donau
Deutschland
Phone: +49 (0)8431 / 504-952
Fax: +49 (0)8431 / 504-973
E-mail: petra.riechert@vib-ag.de
Internet: www.vib-ag.de
ISIN: DE0002457512
WKN: 245751

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