EANS-Adhoc: Atrium European Real Estate Limited

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announcement.
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EXCHANGE OF AUSTRIAN DEPOSITORY CERTIFICATES

12.08.2009

EXCHANGE OF AUSTRIAN DEPOSITORY CERTIFICATES

Jersey, 12 August 2009. Further to its announcement on 11
August 2009 regarding the publication of its prospectus and planned
listing of its ordinary shares on the Vienna stock exchange and
Euronext Amsterdam, Atrium European Real Estate Limited ("Atrium"
or the "Company") (ATX: ATR), announces that, as part of this
process, the current Austrian Depository Certificates ("ADC")
which represent ordinary shares of Atrium, registered in the
name of Oesterreichische Kontrollbank Aktiengesellschaft ("OeKB"),
will be terminated and exchanged for electronic Book-Entry
Interests in Atrium ordinary shares, registered in the name of
Euroclear Nederland. The holders of Book-Entry Interests will
hold ownership of interests in the underlying shares pursuant to
Dutch law and will be exchanged on a straight one-for-one basis.

The exchange of ADCs will ensure ongoing compliance with Jersey
law and is required for the process of Atrium achieving its
second listing on Euronext Amsterdam, which Atrium believes
will bring significant benefits to the Company. Euronext
Amsterdam is an internationally recognised and traded exchange
and should therefore open the Company up to a far wider universe
of potential investors. As such, Atrium expects this to result
in increased analyst coverage, greater liquidity in Atrium's shares
and, over the longer term, enhanced pricing.

No action is required by certificate holders who, as holders of
Book-Entry Interests, will continue to be able to buy and sell their
Book-Entry Interests through their account holding banks either
through trades on the Vienna Stock Exchange or on Euronext
Amsterdam. In addition, investors holding interests in Shares
through the Euroclear book-entry settlement system will (on the
basis of a proxy provided by Euroclear Nederland) be able to exercise
rights relating to those Shares such that they will be able to
attend and vote at all general meetings of the Company and receive
dividends as set out in the prospectus.

The Company announced on 14 January 2009 that it had decided to
pursue a second listing of its shares on Euronext Amsterdam. A
resolution to change Atrium's articles of association to enable it
to list its shares on Euronext Amsterdam, as well as on the
Vienna Stock Exchange, was approved by the Company's
shareholders on 6 April 2009.

The exchange is expected to take place after close of trading on
the Vienna stock exchange on 18 August 2009 and ahead of the
opening of trading on the Vienna stock exchange and Euronext
Amsterdam on 19 August 2009.

For more information regarding the exchange of ADCs as well as
exercise of rights relating to the shares and the Book-Entry
Interests, the book-entry settlement system and other matters in
respect of the listing on Euronext Amsterdam and the Vienna
Stock Exchange, please refer to the prospectus of Atrium, in
particular section 3.5 thereof, which was approved by the Austrian
Financial Market Authority on 10 August and published on 11 August
2009 and can be downloaded from Atrium's website (www.aere.com).

-Ends-

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:

For further information:

Financial Dynamics: +44 (0)20 7831 3113

Richard Sunderland

Laurence Jones

atrium@fd.com

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