Atrium European Real Estate Limited ("Atrium" or the "Company") APPOINTMENT OF CHIEF OPERATING OFFICER

-First senior appointment strengthens Atrium’s management team-

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professional career/Appointment

St Helier Jersey / Channel Islands (euro adhoc) - 3 September 2008.
Atrium European Real Estate (VSX: ATR), one of the leading real
estate companies focused on owning, operating and developing shopping
centres in Central and Eastern Europe, announces the appointment of
Dr. Nils-Christian Hakert as Chief Operating Officer.

Dr. Hakert, aged 42, has extensive experience in retail property
management in Europe and joins from Unibail-Rodamco, a pan-European
commercial property investor, where he had worked since 2005 as
Retail Director of Central Europe.

From 1998 to 2005 Dr. Hakert worked at Brune Consulting GmbH, where
he held a number of management positions including overall
responsibility for shopping centre management in Hungary and other
CEE countries, as well as overseeing national and international
centre management and acquisitions. In 2004 he was appointed to the
management board with responsibility for 12 shopping centres valued
at approximately EUR400 million.

Dr. Hakert has a degree in shopping centre management from the
European Business School and a Doctorate in Economy and Management
from Comenius University, Bratislava.

Commenting on the appointment, Rachel Lavine, chief executive officer
of Atrium, said: "Since I officially took up my role as CEO of
Atrium I have maintained that one of my key priorities was to appoint
a strong executive management team, which has a great deal of
experience in European real estate development and investment and
shopping centres, in particular. Nils´ experience, contacts and
support will be invaluable in ensuring the future success of Atrium
and it gives me great pleasure to welcome him to the team.

"We are at an advanced stage of negotiations with a number of
candidates for the other positions, including, chief financial
officer, chief development officer and chief technology officer and I
hope to be able to make further announcements accordingly in the near
future."

Dr Nils-Christian Hakert, Chief Operating Officer, added: "I am very
excited to be joining Atrium at this time as I believe there is a
great opportunity to unlock the underlying potential of the business.
Rachel is currently assembling a great management team to complement
the strong network of local country teams that the company already
has in place and I look forward to working with them all to create
value for our shareholders. This is one of the largest portfolios of
shopping centres in Europe and undoubtedly an exciting one to
improve. I look forward to getting started."

Financial Dynamics: +44 (0)20 7831 3113
Richard Sunderland
Stephanie Highett
Laurence Jones

Richard.sunderland@fd.com

Notes to editors:

About Atrium European Real Estate Limited Atrium is a real estate
investment and development company whose primary focus is on retail
assets in Central and Eastern Europe, where it operates in 11
countries. At 30 June 2008, Atrium had 160 operating investment
properties with a market value of just over EUR2 billion and a
significant portfolio of development projects with an expected
investment requirement of EUR3.3 billion, of which EUR0.7 billion had
been spent. In addition, it has established a land bank of over 1.9
million sqm. For the six months to 30 June 2008 Atrium had a gross
rental income of EUR64.1 million (2007: EUR62.3 million).

The Company has been listed on the Vienna Stock Exchange since 2002
and at 2 September 2008 was capitalised at EUR1.503 billion based on
a closing price per certificate/share of EUR6.93 and 216.9 million
shares in issue.

end of announcement euro adhoc
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ots Originaltext: Atrium European Real Estate Limited
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Financial Dynamics, London

Stephanie Highett / Richard Sunderland

+44 (0)20 7831 3113

Richard.sunderland@fd.com

Branche: Real Estate
ISIN: AT0000660659
WKN: 066065
Index: Standard Market Continous
Börsen: Wiener Börse AG / official market