DGAP-PVR: VBH Holding AG: Release according to Article 26,

VBH Holding AG / Release of an announcement according to Article 21, Section 1 of the WpHG [the German Securities Trading Act] (share)

12.06.2008 

Release of a Voting Rights announcement
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Morgan Stanley with adress in Wilmington, Delaware, USA, herewith notifies
on its own behalf and on behalf of such further subsidiaries as  mentioned
below pursuant Section 21 para 1 and Section 24 German Securities Trading
Act as follow:

1. MSDW Equity Finance Services (I) Cayman Ltd, M&C Corporate Services
Limited, George Town, Cayman Islands as at 2 June 2008, has exceeded the
threshold of 3 % of the voting rights of VBH Holding AG,
Korntal-Münchingen, Germany an on that day holds 3,10 % of the voting
rights (= 1.400.000 shares, each carrying one voting right); and

2. Each of the following holding entities of MSDW Equity Finance Services
(I) Cayman Ltd,

(i) Morgan Stanley, Wilmington, Delaware, USA;
(ii) MSDFW Offshore Equity Services Inc, Wilmington, Delaware, USA;

on 2nd June 2008, has also exceeded the threshold of 3% of the voting
rights of VBH Holding AG, Korntal-Münchingen, Germany.

Each of the holding entities mentioned under 2. (i) to (ii) on that day
hold 3,10 % (1.400.000 shares), whereby the aforementioned voting rights
have to be attributed to each of the entities mentioned above under 2. (i)
to (ii) pursuant to Section 22 para. 1 sent. 1 No. 1 German Securities
Trading Act.

3. This chain of entities is represented as follows (starting on the
highest level):

1. Morgan Stanley ( Delaware), USA
2. MSDW Offshore Equity Services Inc. (Delaware), USA
3. MSDW Equity Finance Services I (Cayman) Ltd. , Cayman Islands

Korntal-Münchingen, 12. Juni 2008
VBH Holding AG
Board of Directors

DGAP 12.06.2008 
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Language:     English
Issuer:       VBH Holding AG
              Siemensstraße 38
              70825 Korntal-Münchingen
              Deutschland
Internet:     www.vbh.de
End of News                                     DGAP News-Service
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DGAP-PVR: VBH Holding AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
