VIB Vermögen AG / Key word(s): Capital Increase/Corporate Action12.05.2011 / 07:31- Capital increase from authorised capital equivalent to 20% of sharecapital- Issue of 3,554,374 new shares at a price of EUR 8.00- Gross issue proceeds of approximately EUR 28.4 million to extend realestate portfolioNeuburg/Danube, May 12, 2011 - VIB Vermögen AG, a company specialising incommercial real estate portfolio management, is planning a capital increaseequivalent to 20% of its current share capital. The Management andSupervisory boards have passed a resolution to utilise the resolution ofthe Shareholders' General Meetings of July 26, 2007 and July 6, 2010, toissue a total of 3,554,374 new ordinary bearer shares against cash. Theprice for the new shares was fixed at EUR 8.00, which would generate grossissue proceeds of around EUR 28.4 million for the company given a completeplacing. The new shares (ISIN DE000A1KRQN8, German SecuritiesIdentification Number (WKN) A1KRQN), each with a notional share in theshare capital of EUR 1.00, are fully dividend-entitled for the current 2011financial year. Existing shareholders will be granted indirect subscriptionrights in a 5:1 ratio as part of the non-public offering. There are noplans to organise subscription rights trading.The two-week subscription period for the new shares will commenceprospectively on May 17, 2011. Shares that have not been subscribed forwill subsequently be offered to institutional and strategic investors forsubscription as part of the capital increase. Once the capital increase hasbeen successfully concluded, the share capital of VIB Vermögen AG willincrease by a total of 20%, from EUR 17,771,870 to EUR 21,326,244.The additional equity is to be deployed exclusively for the extension ofthe real estate portfolio. Along with new constructions on existing landareas in Grossmehring (EUR 2.8 million) and Baunatal (EUR 2.7 million),additional logistics and retail properties with a volume of at least EUR 50million are to be acquired at several other locations in Bavaria. The newinvestments offer an average rental yield of around 8%, based onacquisition values, which will further enhance the profitability of VIBVermögen AG, and additionally diversify its tenant structure.The transaction was organized by Baader Bank AG as the Global Coordinatorand Sole Bookunner and M.M. Warburg & CO as the Co-Lead Manager.Ludwig Schlosser, CEO of VIB Vermögen AG, explains the objectives behindthe capital increase: 'We want to continue our growth course, and expandour leading position as a commercial real estate portfolio manager inSouthern Germany. Having optimised and consolidated our existing portfoliolast year, we now aim to take the next growth step and exploit marketopportunities.' Management Board colleague Peter Schropp underscores thestrategic significance of the capital measure accordingly: 'In its currentphase the commercial real estate market offers attractive properties withabove-average earnings potentials. The implementation of the plannedinvestment projects allows us to improve our profitability. At the sametime, the capital increase enables us to strengthen our financingstructure.' Contact Us Investor relations:VIB Vermögen AGPetra Riechert Phone: + 49 (0)8431 504-952Luitpoldstr. C70 Fax: + 49 (0)8431 504-97386633 Neuburg/Danube E-mail: ynamreGed.ga-biv@trehceir.artep cometis AGStefan Kemmerer Phone: +49 (0)611 205855-21Unter den Eichen 7 Fax: +49 (0)611 205855-6665195 Wiesbaden E-mail: eliforPed.sitemoc@reremmek of VIB Vermögen AGVIB 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 buy-and-hold strategy. It both develops propertiesfor its own portfolio and also acquires existing properties. The VIBGroup's real estate portfolio includes various logistics properties andindustrial facilities, shopping and specialist retail centers as well ascommercial and service centers. The VIB Group generates sustainable rentalreturns with a total rental area of approx. 661.500m².End of Corporate News---------------------------------------------------------------------12.05.2011 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 Deutschland 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 --------------------------------------------------------------------- 124105 12.05.2011