DGAP-PVR: VBH Holding AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution


VBH Holding AG / Release of an announcement according to Article 21, Section 1 of the WpHG [the German Securities Trading Act] (share)

11.07.2008 

Release of a Voting Rights announcement
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Morgan Stanley, with address in Wilmington, Delaware, USA, herewith
notifies on its own and on behalf of such further subsidiaries as mentioned
below pursuant Section 21 para 1 and Section 24 German Securities Trading
Act that:

1. MSDW Equity Finance Services (I) Cayman Ltd, Cayman Islands as at 4 July
2008, has fallen below the threshold of 3 % of the voting rights of VBH
Holding AG, Korntal-Münchingen, Germany and on that day holds 0 % of the
voting rights (= 0 shares, each carrying one voting right); and

2. Each of the following holding entities of MSDW Equity Finance Services
(I) Cayman Ltd,

(i) Morgan Stanley, Wilmington, Delaware, USA;
(ii) MSDFW Offshore Equity Services Inc, Wilmington, Delaware, USA;

on 4 July 2008, has also fallen below the threshold of 3% of the voting
rights of VBH Holding AG, Korntal-Münchingen, Germany.

Each of the holding entities mentioned under 2. (i) to (ii) on that day
hold 0 % (0 shares).

This chain of entities is represented as follows (starting on the highest
level):

1. Morgan Stanley ( Delaware), USA
2. MSDW Offshore Equity Services Inc. (Delaware), USA
3. MSDW Equity Finance Services I (Cayman) Ltd. , Cayman Islands

Korntal-Münchingen, 11 July 2008

VBH Holding AG
(WKN 760070 - ISIN DE0007600702)
Board of Directors

DGAP 11.07.2008 
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Language:     English
Issuer:       VBH Holding AG
              Siemensstraße 38
              70825 Korntal-Münchingen
              Deutschland
Internet:     www.vbh.de
End of News                                     DGAP News-Service
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