EANS-Adhoc: Atrium European Real Estate Limited / PROPOSED TENDER OFFER FOR UP TO E35 MILLION OF E35 MILLION, 6.8 PER CENT. GUARANTEED NOTES DUE 2011

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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01.04.2011

This announcement does not constitute, or form part of, any offer
for, or any solicitation of any offer for, or any offer to sell
securities in any jurisdiction. The release, distribution or
publication of this announcement incertain jurisdictions other than
Austria may be restricted by law and therefore any persons who are
subject to the laws of any jurisdiction other thanAustria should
inform themselves about and observe any applicable requirements.

PROPOSED TENDER OFFER FOR UP TO E35 MILLION OF E35 MILLION, 6.8 PER
CENT. GUARANTEED NOTES DUE 2011

Jersey, 1 April, 2011: Atrium European Real Estate Limited ("Atrium"
or the "Company") (ATX/Euronext:ATRS), a leading real estate company
focused on shopping centre investment, management and development in
Central and Eastern Europe, announces that subject to applicable law
and regulation, its Board of Directors has resolved that its wholly
owned subsidiary, Manhattan Development s.r.o. should invite holders
of up to E35million of its outstanding E35million 6.8 per cent.
Guaranteed Notes due 2011 (ISIN:AT0000330964) (the "Notes") to tender
their Notes for purchase by Manhattan Development s.r.o. or its
nominated purchaser for cash (the "Proposed Offer").

The Company intends the purchase price under the Proposed Offer to be
101 per cent of the nominal amount of the Notes accepted for purchase
together with accrued interest on such Notes.

Further details of the Proposed Offer will be announced as soon as
practicably possible, at which time a formal tender notice will be
issued.

For further information:

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

Will Henderson
Atrium@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
Richard Sunderland / Laurence Jones
Phone: +44 (0)20 7831 3113
richard.sunderland@fd.com

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