VGP launches its IPO and announces the price range for the offering price

VGP launches its IPO on Eurolist by Euronext Brussels (Belgium) and the Main Market of the Prague Stock Exchange (Czech Republic)

ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN AND AUSTRALIA

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.

  VGP launches its IPO and announces the price range for the offering price

About VGP- http://www.vgpparks.eu

For further information, please contact:
VGP
Dirk Stoop
CFO and IR
T +32 2 737 74 06
M +32 473 774 227
E: dirk.stoop@vgpparks.eu

The IPO consists of public offerings in Belgium and in the Czech Republic and an international private placement with institutional investors in certain countries within the European Economic Area and Switzerland.