17/03/2009 Ad-hoc News EN
Christian Steiner

SHS VIVEON AG successfully completes issue of convertible bond 2009/2013

SHS VIVEON AG / Issue of Debt/Corporate Action

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

o Issued volume of the convertible bond at 3.3 million Euro
o Board of Directors resolves execution of mandatory conversion right as of
March 27, 2009
o Recapitalisation completed with strengthened equity base

Martinsried, 17.03.2009 - SHS VIVEON AG has successfully completed the
issue of the convertible bond 2009/2013 resolved on February 24, 2009. In
total 33,493 convertible bonds with a total volume of 3,349,300 Euro were
issued. Therefore the targeted minimum issue volume of 2.5 million Euro was
exceeded considerably. About 78 percent of the convertible bond were
subscribed by existing shareholders. The remaining volume was issued to
private and institutional investors in course of a private placement. The
gross proceeds of the convertible bond are 3.3 million Euro. Plönzke
Holding AG, who is already a shareholder of SHS VIVEON AG, signed the
biggest single allotment of the convertible bond with 1.6 million Euro.

The Board of Directors today also resolved to execute the mandatory
conversion right of SHS VIVEON AG for the convertible bond 2009/2013.
Therefore all issued convertible bonds 2009/2013 will be converted into
shares of SHS VIVEON AG for the conversion price of 8.00 Euro per share on
March 27, 2009. The respective conversion announcement will be released on
March 19, 2009 in the in the electronic federal gazette.

With the effective date of the conversion of the convertible bond into
shares on March 27, 2009 this gross proceeds of the convertible bond of 3.3
million Euro will be converted into equity capital, whereas compensation
payments due to the conversion ratio will be subtracted. This measure
represents the successful completion of the recapitalisation of SHS VIVEON
AG started by the management at the end of 2008. After the capital
reduction SHS VIVEON AG now regains a strengthened equity position as well
as a strengthened cash position. In addition, SHS VIVEON AG did win a new
major shareholder with Plönzke Holding AG, that will increase its
shareholding substantially from approximately 2 percent to 26 percent in
course of the recapitalisation. The proceeds will be used to stabilize the
financial situation of SHS VIVEON AG as well as to repay part of the
convertible bond 2006.

Furthermore the capital reduction with the ratio of 40 : 1, that was
resolved on February 10, 2009 and entered into the commercial registry on
March 10, 2009, will be executed on March 19, 2009. The official
announcement on the simplified capital reduction based on Sections 229 et
seq. of the AktG will be released on March 18, 2009 in the electronic
federal gazette.

- End of ad-hoc release -

SHS VIVEON AG is a pan-European business and IT consulting firm for
customer management solutions, with a range of products specializing in
customer risk management. SHS VIVEON AG, based in Martinsried (by Munich),
is listed in Frankfurt Stock Exchange's Prime Standard and has a presence
in four European countries with four subsidiaries and eight locations: SHS
VIVEON GmbH (D), SHS VIVEON Schweiz AG (CH), SHS Polar Sistemas
Informáticos S.L. (E) and SHS VIVEON Iberia S.L. (E). SHS VIVEON is one of
Europe's leading providers for customer management with around 450
employees and in excess of 150 customers in 15 countries, of which 30% are
included in Fortune 500 International. SHS VIVEON's customers include
well-known companies from the financial services, industrial and retail and
telecommunications segments, including BayWa, BMW Financial Services,
Credit Suisse, Daimler, Deutsche Telekom, Ingram Micro, RaabKarcher,
Telefonica o2, Orange and SüdLeasing. Further information on the company
can be found at:

Wolfgang Brand
Tel.: +49 (0)89 - 747257-0
Email: Investor.Relations@SHS-VIVEON.com

17.03.2009 Financial News transmitted by DGAP

Language: English
Fraunhoferstraße 12
82152 Martinsried bei München
Phone: +49 (0)89 747-257-0
Fax: +49 (0)89 747-257-10
E-mail: investor.relations@shs-viveon.com
Internet: www.shs-viveon.com
ISIN: DE0005072409
WKN: 507240
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart

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