EANS-Adhoc: Atrium European Real Estate Limited / Intention to hold EGM

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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13.03.2009

Atrium European Real Estate Limited
("Atrium" or the "Company")

Intention to hold EGM

Jersey, 13 March 2009. Atrium European Real Estate (VSX: ATR), one of the
leading real estate companies focused on shopping centre investment, management

and development in Central and Eastern Europe, announces today that
it intends to convene an extraordinary general meeting ("EGM") at
which it will propose a number of amendments to the Company's
Memorandum and Articles of Association principally designed to allow
the Company to re-list its Ordinary Shares on Euronext and address
certain administrative issues, seek the approval of an Employee Share
Option Plan and create a framework to dispense with the Special
Voting Shares issued in August 2008 that may include the purchase by
the Company of the Special Voting shares at their nominal value
which, if undertaken, would be for an aggregate consideration of no
more than EUR2,500.

A circular providing further details of each of the resolutions and
the EGM, which is to be held on 6 April 2009, is expected to be
published shortly and will be available on the Company's website
(www.aere.com).

The Board believes that the proposed resolutions will provide a
number of benefits for the Company. The proposed re-listing on
Euronext would provide the Company with the flexibility to access a
larger and, by implication, cheaper pool of capital than is presently
the case and enhance the liquidity and pricing of the Ordinary Shares
and other securities. By adopting an Employee Share Option Plan, the
Board believes it will provide a comprehensive and effective method
of incentivising key members of the Group's executive and management
team. In addition, creating a solution to dispense with the Special
Voting Shares is a step towards rationalization of the Company's
shareholding structure which is for the benefit of the Shareholders
generally.

-Ends-
For further information:

Financial Dynamics: +44 (0)207 831 3113
Richard Sunderland
Stephanie Highett
Laurence Jones
Richard.sunderland@fd.com

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

Phone: +44 (0)20 7831 3113

mailto:richard.sunderland@fd.com

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