EANS-News: Atrium European Real Estate Limited / OPENING OF EXTENSION TO TOGLIATTI SHOPPING CENTRE, RUSSIA

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Company Information

St Helier Jersey / Channel Islands (euro adhoc) - ATRIUM OPENS
EXTENSION TO TOGLIATTI SHOPPING CENTRE, RUSSIA

-Stand alone retail box let to Media Markt-

Jersey, 18 November, 2009: Atrium European Real Estate Limited
("Atrium" or the "Company") (ATX/Euronext: ATRS), one of the
leading real estate companies focused on shopping centre
investment, management and development in Central and Eastern
Europe, announces the opening of the second extension this year to
its Togliatti Park House shopping centre in Russia.

The extension comprises a 6,780 sqm stand-alone retail box which is
fully let to Media Markt, Europe´s leading consumer electronics
retailer, on a 30 year lease with a break option after 10 years.

The extension to Media Markt follows the opening, in April 2009, of a
12,100 sqm, stand-alone retail unit fully let to Castorama, which is
part of one of Europe´s leading DIY groups, on an initial 10 year
lease with an option for a further five years.

Togliatti Park House is a shopping centre with a GLA of
approximately 46,000 sqm (including Media Markt) and is located on a
6.6 hectare site in Togliatti, in the Samara Oblast region of
Russia. It was originally opened in December 2006 and is
anchored by the German based Metro group with a 7,000 sqm "Real"
hypermarket. Other tenants include a mixture of local brands
such as Technosila and Sportmaster, as well as number of strong
international brands such as the electronics giant Apple, fashion
retailers Next and Sisley as well as Mothercare, the specialist
mother and infant retailer.

Togliatti Park House is located in the centre of the city and has
approximately six million visitors per year.

Rachel Lavine, CEO of Atrium, commented: "As the second extension to
Togliatti Park House to open this year, in addition to the one we
recently completed at our Volgograd asset, the opening of the
Media Markt retail box is another positive step for Atrium. It
shows how, despite current market conditions, we can continue to
create value at existing and proven assets, while demonstrating that
the appetite of some well respected international retailers to expand
into the CEE and Russia remains."

Further information is available on the shopping centre´s
website: http://tolyatti.parkhouse.ru

For further information:

Financial Dynamics: +44 (0)20 7831 3113
Richard Sunderland
Laurence Jones
Richard.sunderland@fd.com

Atrium is established as a closed-end investment company domiciled in Jersey.

Atrium is registered with the Dutch Authority for the Financial
Markets as a collective investment scheme which may offer
participations in The Netherlands pursuant to article 2:66 of
the Financial Supervision Act (Wet op het financieel toezicht).
All investments are subject to risk. Past performance is no
guarantee of future returns. The value of investments may fluctuate.
Results achieved in the past are no guarantee of future results.

About Atrium European Real Estate Limited Atrium is a leading real
estate company focused on shopping centre investment, management
and development in Central and Eastern Europe. As at 30 June 2009
the Group owned 152 standing investments, with a market value of
EUR1.49 billion, diversified across eight countries with a total
gross lettable area of 1.1 million sqm. Geographically, the
Group´s focus is principally concentrated in Poland, the Czech
Republic and Russia with a presence in Hungary, Romania,
Slovakia, Latvia and Turkey. In addition, the Company has a
development portfolio including several development projects with a
market value of EUR712 million as at 30 June 2009.

Gross rental income from investment properties for the year ended
31 December 2008 was EUR134 million and EUR75 million for the first
half of 2009. Net rental income for the year to 31 December 2008
amounted to EUR95 million and EUR59 million for the six months to 30
June 2009. As at 30 June 2009, the Company had a cash position of
EUR855 million against borrowings of EUR1.08 billion.

Following a strategic investment of EUR500 million by a Citi
Property Investors and Gazit Globe Ltd joint venture, agreed in
August 2008, Rachel Lavine was appointed Chief Executive Officer
of Atrium. Rachel Lavine has significant experience of both real
estate and the CEE region and was previously President and CEO of
Plaza Centres. The Board is chaired by Chaim Katzman, founder of
Gazit Globe Ltd. (TASE:GLOB), which has extensive global
experience of all aspects of the real estate industry and is one
of the largest, developers, owners and operators of shopping
centres in the world.

The Company is based in Jersey and dual listed on the Vienna
and Euronext Amsterdam Stock Exchanges under the ticker ATRS.

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

Richard Sunderland / Laurence Jones

Phone: +44 (0)20 7831 3113

mailto:richard.sunderland@fd.com

Branche: Real Estate
ISIN: JE00B3DCF752
WKN:
Index: Standard Market Continous
Börsen: Wien / official market