EANS-Adhoc: Atrium European Real Estate Limited / Results of adjourned Noteholders Meeting and Tender Offer

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

18.06.2010

Atrium European Real Estate Limited announces results of adjourned
Noteholders Meeting and Tender Offer in relation to its E600,000,000
5.375 per cent. Guaranteed Notes due 2013 NOT FOR DISTRIBUTION TO ANY
PERSON LOCATED OR RESIDENT IN ITALY

Jersey, 18 June, 2010: Atrium European Real Estate Limited (the
Company) (ATX/Euronext: ATRS), a leading real estate company focused
on shopping centre investment, management and development in Central
and Eastern Europe, today announces (i) the results of the adjourned
meeting (the Adjourned Meeting) of the holders (the Noteholders) of
its outstanding E600,000,000 5.375 per cent. Guaranteed Notes due
2013 (ISIN: XS0263871328) (the Notes) in respect of the First
Extraordinary Resolution and (ii) the results of its invitation to
Noteholders to tender their Notes for purchase by the Company for
cash. The Adjourned Meeting was quorate in respect of the First
Extraordinary Resolution and the First Extraordinary Resolution was
duly considered and passed.

Accordingly, a Supplemental Trust Deed was entered into between the
Company, the Guarantors and the Trustee and the modifications
referred to in the First Extraordinary Resolution will be implemented
with effect on and from 18 June 2010 and the modifications referred
to in the Second Extraordinary Resolution will not be implemented.

Additionally, as at the Expiration Deadline of 4.00 p.m. (London
time) on 18 June 2010, approximately E105,150,000 in aggregate
nominal amount of the Notes had been validly tendered for purchase
pursuant to the Offer. The Company has decided to accept for purchase
all Notes validly tendered pursuant to the Offer. Pursuant to the
terms and conditions of the Notes, as amended by the First
Extraordinary Resolution, the Company will redeem all outstanding
Notes not purchased pursuant to the Offer in accordance with
Condition 6(d), as so amended, on the Offer Settlement Date.

The Settlement Date for the Offer and the Offer Settlement Date is 23
June 2010.

The Offer and the Proposal were made on the terms and subject to the
conditions contained in the tender offer memorandum dated 29 April
2010 (the Tender Offer Memorandum), and this announcement should be
read in conjunction with the Tender Offer Memorandum and the
announcements by the Company dated 29 April 2010 and 4 June 2010.
Capitalised terms used but not otherwise defined in this announcement
shall have the meanings given to them in the Tender Offer Memorandum.

The Offer was not made to any person located or resident in Italy,
and was also subject to restrictions in other jurisdictions, all as
further described in the Tender Offer Memorandum.

Merrill Lynch International is acting as Dealer Manager (tel: +44 20
7995 3715; email: {john.m.cavanagh@baml.com}[HYPERLINK:
mailto:john.m.cavanagh@baml.com]) and Lucid Issuer Services Limited
(tel: +44 20 7067 9098; email: atrium@lucid-is.com) is acting as
Tender Agent for the Offer.

DISCLAIMER This announcement must be read in conjunction with the
Tender Offer Memorandum. No offer or invitation to acquire any
securities is being made pursuant to this announcement. The
distribution of this announcement and the Tender Offer Memorandum in
certain jurisdictions may be restricted by law. Persons into whose
possession this announcement and/or the Tender Offer Memorandum comes
are required by each of the Company, the Dealer Manager and the
Tender Agent to inform themselves about, and to observe, any such
restrictions.

end of announcement euro adhoc
--------------------------------------------------------------------------------

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