DGAP-Adhoc: BBI Bürgerliches Brauhaus Immobilien AG will make a proposal to the General Meeting in June for a profit and loss transfer agreement between VIB Vermögen AG and BBI Bürgerliches Brauhaus Immobilien AG

BBI Bürgerliches Brauhaus Immobilien AG / Miscellaneous

06.05.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- Annual settlement of EUR 0.64 per no-par value share 
- Compensation of 1.45 no-par value shares of VIB AG for each no-par value
share of BBI Bürgerliches Brauhaus Immobilien AG

Ingolstadt, May 6, 2008. The Managing and Supervisory Boards of BBI
Bürgerliches Brauhaus Immobilien AG ('BBI AG') today resolved to make a
proposal to the General Meeting to agree to the profit and loss transfer
agreement between VIB Vermögen AG as the controlling company and BBI
Bürgerliches Brauhaus Immobilien AG as the controlled company. The General
Meeting of BBI AG is to be called for June 18, 2008. The agreement, for
which the possible conclusion was already announced in an ad hoc disclosure
dated April 4, 2008, requires the approval of the General Meetings of both
BBI AG and VIB Vermögen AG to become effective. The profit and loss
transfer agreement was signed today by the Managing Boards of BBI AG and
VIB Vermögen AG, Neuburg an der Donau.

The profit and loss transfer agreement stipulates that VIB Vermögen AG will
offer the minority shareholders of BBI AG ('outstanding shareholders')
reasonable compensation in shares, taking the statutory requirements into
account. The offer is based on a valuation of BBI AG and VIB Vermögen AG.
The exchange ratio identified on the basis of these corporate valuations
totals 8.02 BBI shares to 11.62 VIB shares. Each outstanding shareholder of
BBI AG who wishes to avail of the compensation offer will receive 1.45
shares of VIB Vermögen AG for each share of BBI. Any fractions that result
from the exchange ratio will be settled in cash by VIB Vermögen AG.

The profit and loss transfer agreement includes a fixed annual settlement
of EUR 0.64 per no-par value share of BBI AG as reasonable compensation for
shareholders who want to retain an interest in BBI AG, i.e., who do not
want to accept the compensation offer made to them by VIB Vermögen AG.

The reasonable nature of the compensation and settlement payment to be
offered by VIB AG within the meaning of Section 304, 305 of the AktG will
be reviewed by the court-appointed auditor, ALEGRO GmbH
Wirtschaftsprüfungsgesellschaft, Regensburg.

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Information and Explaination of the Issuer to this News:

Company Profile

The BBI Bürgerliches Brauhaus Immobilien AG (BBI AG) emerged in the year
2006 from the Bürgerliches Brauhaus Ingolstadt AG and its long-established
subsidiary Herrnbräu. Following the takeover of the property inventory of
the brewery real estate, the BBI AG positioned itself as a company focusing
on the asset management of commercial real estate in the segment close to
the consumer. In this respect, specialist retailers, retail centres and
supermarkets rank in particular among the holdings. A total of 14
properties from the previous stock balance and 16 newly acquired properties
belong to the real estate portfolio. As of 31st December 2007, these
properties have provided a total of around 102,000 square metres of
lettable area to third parties and they generate an average rental yield of
6.5% p.a. with reference to the book value of EUR 118m. All of the
properties are fully let, most of them on a long-term lease.
In order to drive growth, the BBI AG has secured, either contractually or
through letters of intent, a further 17 properties that are currently at
the development stage for capital expenditure amounting to approximately
EUR 153m. These new properties, which have for the most part already been
taken by reputable anchor tenants, are to be delivered to the BBI AG
between 2008 and 2010 and will thus contribute to the further increase in
turnover and yield.


Investor & Media Relations
cometis AG
Ulrich Wiehle
Tel.: +49 (0)611 – 205855-11
Fax: +49(0)611 – 205855-66 
e-mail: wiehle@cometis.de


DGAP 06.05.2008 
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Language:     English
Issuer:       BBI Bürgerliches Brauhaus Immobilien AG
              Manchinger Straße 95
              85053 Ingolstadt
              Deutschland
Phone:        +49 (0)841 6 31 - 2 05
Fax:          +49 (0)841 6 31 - 2 11
E-mail:       franz.katzenbogen@herrnbraeu.de
Internet:     www.bbi-immobilien-ag.de
ISIN:         DE0005280002
WKN:          528000
Listed:       Regulierter Markt in München; Freiverkehr in Berlin; Open
              Market in Frankfurt
End of News                                     DGAP News-Service
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