August
 2006

• General Meeting: resolution passed to increase capital and split
  stock in order to expand business operations 

 December
 2006

• Stock split at a ratio of 1:52 : number of outstanding shares
  increases from  30,000 shares to 1,560,000 shares
• Increase in share capital from EUR 1,560,000  to EUR 5,200,000
• 3,640,000 new shares placed within the scope of a private placement
  at a price of  EUR 12.75 per share. Gross proceeds of the issue
  amount to EUR 46.41m
• Share of majority shareholder  VIB Vermögen AG drops to below
  30% Utilisation of the proceeds of the issue: acquisition of commercial real estate in areas close to the consumer