Issue price:

As of 1-1-2004 the net asset value plus issue costs at a value of of 8.5% of the issue price (9.29% of the net amount invested) however up to 12-31-2003 less a 10% discount on the nominal value of the preferred shares. The issue price starts at full price for single purchases of $10,000 reducing to 0,5% of the issue price with single purchases of at least $2.000.000. Employees of the companies with which the VC-Group is considerably involved receive a discount of 5% on the inventory value starting 08-01-2003.

value: 10 US$/share.

Minimum acquisition:

First acquisition of at least $200. One acquisition of $10,000 or more over a period of 24 months is possible with an statement of intent, a first payment of at least $200 and consequent payments of at least $200. Employees of the companies with which the VC-Group is considerably involved receive a discount of 5% on the inventory value starting 08-01-2003.

Repurchase of shares:

Shares are repurchased at the net asset value without calculation of costs or charges. First day for the repurchase of shares is 1-1-2004.

reports:

financial statement 12/31/2003

financial statement 12/31/2004

financial statement 12/31/2005

financial statement 12/31/2006

financial statement 12/31/2007

financial statement 12/31/2008

financial statement 12/31/2009

financial statement 12/31/2010

financial statement 12/31/2011

financial statement 12/31/2012

financial statement 12/31/2013

financial statement 12/31/2014