EANS-News: Atrium European Real Estate Limited / APPOINTMENT OF NEW CHIEF DEVELOPMENT OFFICER

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Personnel

St Helier Jersey / Channel Islands (euro adhoc) - 8 February 2010

APPOINTMENT OF NEW CHIEF DEVELOPMENT OFFICER

Jersey, 8 February, 2010: 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 appointment of Thomas Schoutens as Chief Development Officer.

Mr Schoutens, aged 41, joins from Carrefour Group, the world's
second-largest retailer and the largest in Europe, which he joined in
2003.

He is a Belgian national with 18 years of real estate and
construction industry experience in Central and Eastern Europe and
Russia.

From 2003 until 2009, he served as a member of Carrefour's Executive
Committee in Poland and Russia and as Director of Assets, Investments
& Expansion in these countries.

Since 2007 he held responsibility for Carrefour's expansion strategy
and operations in Russia which included undertaking an in-depth
market investigation of 80 major Russian cities. Prior to this he
had responsibility for all aspects of Carrefour's Polish expansion;
during which period the number of stores increased from 68 to 328. He
also managed the development of over 20 shopping centres.

From 1995 - 2003, he worked for the Belgian-based global construction
group CFE (Group Vinci), where he held a number of management
positions and, from 2001, was the manager of the Warsaw branch of the
business.

From 1991 - 1995 he worked for the Belgian general contractor Besix
and the Belgian developer Euton, where he held various supervisory
and project management roles in Russia and the Czech Republic.

Mr Schoutens has a degree from the IC-HEC Business Management School
in Brussels and is a Commercial Engineer.

Mr Schoutens replaces Dominique Beghin, who left to Company for
personal reasons.

Commenting on the appointment Rachel Lavine, CEO of Atrium, said:
"Thomas has a wealth of experience that fits exactly with Atrium's
operations and has been gained through 18 years in Central and
Eastern Europe, particularly in Poland, Russia and the Czech Republic
and including seven years at the world's second largest retailer. I
am very pleased to welcome him into our team and we look forward to
working with him and to utilising his contacts and know-how, as we
continue to cement Atrium's position as the foremost operator and
developer of supermarket anchored shopping centres in Central and
Eastern Europe."

"Dominique's contribution to Atrium's re-structuring and
re-organization has been invaluable and on behalf of the Board of
Directors and all of his colleagues at Atrium, I would like to thank
him sincerely for his hard work and dedication over the past year and
a half."

For further information:

Financial Dynamics:
+44 (0)20 7831 3113
Richard Sunderland

Laurence Jones

{Richard.sunderland@fd.com}[HYPERLINK:
mailto: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 September 2009 the Group owned
152 standing investments, with a market value of E1.46 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 E706 million as at 30 September 2009.

Gross rental income from investment properties for the year ended 31
December 2008 was E134 million and E117million for the first nine
months of 2009. Net rental income for the year to 31 December 2008
amounted to E95million and E89 million for the nine months to 30
September 2009. As at 30 September 2009, the Company had a cash
position of E814 million against borrowings of E1.07 billion.

Following a strategic investment of E500 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