EANS-Adhoc: Atrium European Real Estate Limited / Results of Tender Offers

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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.
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29.06.2012

Ad hoc announcement

Results of Tender Offers for the EUR32,050,000 Tranche A 6 per cent.
Fixed Rate Notes and EUR67,950,000 Tranche B Floating Rate Notes
due 2013

Jersey, 29 June 2012: Atrium European Real Estate Limited (the
Company) today announces the acceptances and results of its
invitations to holders of its EUR32,050,000 Tranche A 6 per cent.
Fixed Rate Notes due 2013 (ISIN: AT0000341789) (the Fixed Rate Notes)
and its EUR67,950,000 Tranche B Floating Rule Notes due 2013 (ISIN:
AT0000341797) (the Floating Rate Notes and, together with the Fixed
Rate Notes, the Notes and each a Series) to tender their Notes for
purchase by the Company for cash (each such invitation, an Offer and
together the Offers). The Offers were made on the terms and subject
to the conditions contained in the tender offer memorandum dated 31
May 2012 (the Tender Offer Memorandum) prepared by the Company.

Acceptance of EUR50.62 million in aggregate nominal amount of the
Notes tendered pursuant to the Offers

The Offers expired at 5.00 p.m. (Vienna time) on 28 June 2012. Of the
EUR100 million in aggregate nominal amount of Notes currently
outstanding (of which EUR6.1 million in aggregate nominal amount of
the Fixed Rate Notes and EUR3.95 million in aggregate nominal amount
of the Floating Rate Notes are currently held by the Company),
approximately EUR13.95 million in aggregate nominal amount of the
Fixed Rate Notes and approximately EUR36.67 million in aggregate
nominal amount of the Floating Rate Notes have been validly tendered
for purchase in accordance with the terms and conditions of the
Offers. The Company has decided to accept for purchase all such Notes
validly tendered pursuant to the Offers, with no pro rata scaling. As
a result of these acceptances, after the settlement of the Offers the
Company will hold approximately EUR60.67 million of the EUR100
million in aggregate nominal amount of Notes.

The Company will pay EUR1,030 (each a Purchase Price) for each
EUR1,000 in nominal amount of the Notes of a Series accepted by the
Company for purchase pursuant to the relevant Offer. The Company will
also pay Accrued Interest on the Notes accepted by it for purchase
pursuant to the Offers.

Settlement of the Offers is expected to occur on 3 July 2012.

The Offers were not made to any person located or resident in the
United States, and were also subject to restrictions in other
jurisdictions, all as further described in the Tender Offer
Memorandum. This announcement must be read in conjunction with the
Tender Offer Memorandum.

Further Information

The Offers were described in full in the Tender Offer Memorandum.
Deutsche Bank AG, London Branch (Telephone: +44 20 7545 8011; Email:
liability.management@db.com) is acting as the Dealer Manager for the
Offer. Deutsche Bank AG, London Branch (Telephone: +44 20 7547 5000;
Fax: +44 20 7547 5001; Email: xchange.offer@db.com) is acting as the
Tender Agent for the Offers.

The information contained in this announcement is for informational
purposes only and does not constitute an offer to purchase any
securities or a solicitation of an offer to sell any securities.

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.

Further inquiry note:
FTI Consulting Inc
+44 (0)20 7831 3113
Richard Sunderland
Will Henderson
richard.sunderland@fticonsulting.com

end of announcement euro adhoc
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issuer: Atrium European Real Estate Limited
Seaton Place 11-15
UK-JE4 0QH St Helier Jersey / Channel Islands
phone: +44 (0)20 7831 3113
mail: richard.sunderland@fticonsulting.com
WWW: http://www.aere.com
sector: Real Estate
ISIN: JE00B3DCF752
indexes: Standard Market Continuous
stockmarkets: official market: Wien
language: English