Press Information

06. 12. 2007

Successful IPO on Euronext Brussels and Prague Stock Exchange

As from 7 December 2007 the shares will be listed on Eurolist by Euronext Brussels and on the Main Market of the Prague Stock Exchange.

The IPO was priced at €15.25 per share. Pursuant to the offering, 3,278,688 new shares, equivalent to €50 million will be issued. In addition, 304,362 over-allotment shares, equivalent to €4.6 million will be allocated. If the over-allotment option is exercised in full, the total amount of the capital increase will amount to €54.6 million.

KBC Securities acted as Global Co-ordinator and Bookrunner and ING Belgium acted as Co-Lead Manager to the offering.

Commenting on today’s announcement, Mr Jan Van Geet, VGP’s Chief Executive Officer, said: “We are delighted to have successfully completed our IPO after having sailed turbulent markets over the past few weeks. Despite these difficult markets that have caused other ongoing IPO-processes to be pulled or revised in terms of structure/pricing, we have received a warm welcome from retail investors both in Belgium and the Czech Republic and have been able to secure interest from solid institutional investors, demonstrating the strength of our business model and the strong prospects that lie ahead of us.”

Offer result highlights

The final IPO price was set at €15.25 per share and applies to both retail and institutional investors.

The base offering was fully subscribed by in total 731 investors,

Retail investors will be allocated 100% of their requested shares. Belgian retail investors will receive a corresponding number of VVPR-strips.

Family and friends of the VGP founders have invested €41.5 million in new equity at the same IPO price and will be allotted new shares for this full amount.

As a result of this IPO, VGP will raise €50 million worth of gross proceeds. Together with the existing shares, the number of outstanding shares (before the over-allotment option) will amount to18,278,688, representing a market capitalisation of approximately € 280 million immediately after the IPO.

The Global Coordinator and Bookrunner has been granted an over-allotment option by VGP, exercisable from the listing date (7 December 2007) and until 30 days thereafter. If the overallotment option is exercised in full, the total amount of the capital increase will amount to €54.6 million.

The shares and VVPR strips will be listed and traded on Eurolist by Euronext Brussels on an “as-ifand- when-issued-and-delivered” basis as of 7 December 2007. As from the same date, the shares will be traded on the Prague Stock Exchange. Delivery and payment of the VGP shares is expected to occur on 11 December 2007. Upon closing of the offering scheduled for 11 December 2007, the shares will be listed unconditionally on Eurolist by Euronext Brussels and the Main Market of the Prague Stock Exchange. The closing of the offering and the delivery of the shares are subject to certain conditions and can be suspended or even be cancelled

20. 11. 2007

BRUSSELS, Belgium - 20 November 2007 – VGP, the real estate group specialised in the development and management of semi-industrial real estate in the mid-European region, today announced the launch of its Initial Public Offering (the "IPO" or "Offering") on Eurolist by Euronext Brussels (Belgium) and the Main Market of the Prague Stock Exchange (Czech Republic). KBC Securities NV is acting as Global Coordinator & Bookrunner, with ING Belgium N.V. acting as Co- Lead Manager to the Offering.

01. 05. 2007

At the turn of April and May 2007, we completed and handed to DHL Exel their new premises in the industrial zone Nepřevázka near the town of Mladá Boleslav.

20. 04. 2007

On April 18th-20th, 2007, our company participated in the logistic fair organised in connection with the 10th European Forum of Logistics and Transportation EASTLOG 2007, which took place in the TOP HOTEL Praha.

EASTLOG – three-day international forum of logistics and transportation called EASTLOG is a traditional meeting point of logistic expert from all over Central Europe. It presents exceptional opportunities to establish business contacts, share experience and exchange views, as well as to gain the latest information on current logistic trends and on successful projects of the recent period.

The broad forum programme offers an entirely professional view and information for logistic managers, heads of distribution centres, developers, supply chain managers and experts specialising in transport, warehousing, distribution and information technologies.


Petra Vanclová

VGP - industriální stavby s.r.o.

Rohanské nábřeží 693/10
CZ-186 00, Praha 8
Czech Republic

+420 226 212 001