VIB Vermögen AG / Key word(s): Half Year Results10.08.2011 / 07:59---------------------------------------------------------------------- Revenue improves to around EUR 26.0 million - Earnings before tax (EBT) of EUR 7.9 million - Consolidated net income of EUR 6.6 million- Semi-annual report published on websiteNeuburg/Donau, August 10, 2011 - VIB Vermögen AG, a company specialising incommercial real estate portfolio management, has reported a continuation ofthe previous years' positive trend. The company generated consolidatedrevenue of EUR 26.0 million in the reporting period on the basis of IFRSaccounting. This represents a 1.3% increase compared with the revenue ofEUR 25.6 million generated in the first half of 2010. Operating income fromthe real estate business amounted to a total of EUR 26.5 million (previousyear: EUR 26.1 million) when taking into account EUR 0.3 million of otheroperating income and a positive valuation change to investment propertiesof EUR 0.2 million.After deducting operating costs, the company, which is based at Neuburg ander Donau, Germany, generated earnings before interest and tax (EBIT) ofEUR 18.9 million, compared with EUR 18.0 million in the previous year. Inthis context, a very good EBIT margin on a sector comparison of around 71%underscores the high profitability of VIB Vermögen AG. Besides interestexpenses that amounted to approximately EUR 9.2 million in the first halfof 2011 (previous year: EUR 9.8 million), the financial result was affectedby expenses of EUR 1.6 million from the measurement of financialderivatives. This item primarily includes an increase in a provision for apotential loss for Group subsidiary BBI Immobilien AG for a Swiss francswap transaction, which is currently reporting a negative market valuationdue to the current EUR/CHF exchange rate. Of this amount, EUR 0.3 millionis cash-effective. Given the above, earnings before tax (EBT) stood at EUR7.9 million, slightly below the previous year's level of EUR 8.1 million.After deducting taxes on income, the VIB Group's consolidated earningsamounted to EUR 6.6 million for the first six months of 2011. The declinecompared with the previous year's figure EUR 10.4 million is particularlyattributable to the absence of income tax effects that arose in theprevious year from the deconsolidation of the Beverages segment.Peter Schropp, Managing Board member responsible for the real estate areaat VIB Vermögen AG, expressed his corresponding satisfaction as follows:'We have succeeded in significantly enhancing our financial strength withthe successful conclusion of the capital increase. Correspondingly, thegross issue proceeds of around EUR 28.4 million are to be deployedexclusively for further high-yield investments in our real estateportfolio. Along with a logistics property in Ingolstadt-Grossmehring thatwe developed ourselves and which has meanwhile been transferred to thetenant, this relates to further projects in Baunatal and Neuburg/Donau. Thetotal net rental income will amount to around EUR 2.6 million once theyhave been completed.' Given this, Ludwig Schlosser, CEO of VIB Vermögen AG,takes an optimistic view of the 2011 business year: 'Above and beyond theinvestments that have been specifically processed in contractual terms, weare currently engaged in intensive negotiations for additional acquisitionsentailing a total volume of at least EUR 25 million. We anticipate that wewill achieve further growth in both revenue and earnings in the futureaccordingly. For example, we expect that we will generate consolidatedrevenue of around EUR 52 million in this fiscal year. We are also assumingthat we will grow earnings before interest and tax (EBIT) to around EUR 36million, and earnings before tax to approximately EUR 18 million, with bothof these figures being calculated before any valuation adjustments.'The complete semi-annual report can be downloaded from our website at www.vib-ag.de, under the headings Investor Relations/Reports.ContactInvestor Relations:VIB Vermögen AGPetra Riechert Tel: + 49 (0)8431 504-952Luitpoldstr. C70 Fax: + 49 (0)8431 504-97386633 Neuburg/Danube E-mail: sitemoced.ga-biv@trehceir.artep AGStefan Kemmerer Tel: +49 (0)611 205855-21Unter den Eichen 7 Fax: +49 (0)611 205855-6665195 Wiesbaden E-mail: eliforPed.sitemoc@reremmek of VIB Vermögen AG (including BBI Immobilien AG)VIB Vermögen AG (WKN 245751 / ISIN DE0002457512) is a medium-sized realestate holding company, whose investments focus on commercial properties inSouthern Germany. Formed as a partnership in 1993, VIB Vermögen AG wastransformed to become an Aktiengesellschaft (German public limited company)in 2000. Since then, the company has developed core competences in theacquisition and management of its own properties and participatinginterests in companies with real estate portfolios.The VIB Group pursues a develop-or-buy-and-hold strategy. It both developsproperties for its own portfolio and also acquires existing properties. TheVIB Group's real estate portfolio includes various logistics properties andindustrial facilities, shopping and specialist retail centers as well ascommercial and service centers.End of Corporate News---------------------------------------------------------------------10.08.2011 Dissemination of a Corporate News, transmitted by DGAP - acompany of EquityStory AG.The issuer is solely responsible for the content of this announcement.DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------Language: English Company: VIB Vermögen AG Luitpoldstraße C 70 86633 Neuburg/Donau Germany Phone: +49 (0)8431 / 504-952 Fax: +49 (0)8431 / 504-973 E-mail: ed.ga-biv@trehceir.artep Internet: www.vib-ag.de ISIN: DE0002457512 WKN: 245751 Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München (m:access), Stuttgart; Open Market in Frankfurt End of News DGAP News-Service --------------------------------------------------------------------- 135003 10.08.2011