EANS-Adhoc: Atrium European Real Estate Limited / ATRIUM ANNOUNCES SENIOR MANAGEMENT CHANGES

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Personnel
14.07.2014

ATRIUM ANNOUNCES SENIOR MANAGEMENT CHANGES

Mrs. Lavine will assume a new role as Executive Vice Chairman

Mr. Josip Kardun will succeed Mrs. Lavine as CEO

Ad hoc announcement - Jersey, July 14, 2014: Atrium European Real
Estate Limited ("Atrium") (VSE/Euronext: ATRS), a leading owner,
operator and developer of retail real estate and shopping centres in
Central and Eastern Europe, announces that the group Chief Executive
Officer, Rachel Lavine, will assume the role of Executive Vice
Chairman as of November 30, 2014 and remain a director of Atrium.
She will be succeeded in the role of Chief Executive Officer of the
Atrium group by Mr. Josip Kardun, the Atrium group's current Chief
Operating Officer and Deputy Chief Executive Officer, a position he
has held since February 14, 2014.

In her new role, Mrs. Lavine will continue her involvement in the
overall strategic direction and development of the Atrium group.
During the period until November 30, 2014, Mrs. Lavine will oversee
an orderly transition of the day-to-day running of the group and the
other responsibilities and duties of the group CEO to Mr Kardun.

Mr Kardun, who serves on the Executive Board of ICSC Europe, is a
highly experienced retail property professional with a strong
international operational and transactional track record and a
comprehensive understanding of the Atrium group's core businesses in
its regions of activity. Prior to joining the Atrium group, Mr.
Kardun was with European retail property specialists ECE
Projektmanagement GmbH & Co KG ("ECE") where he worked for seven
years in a number of senior positions, most recently as its Chief
Investment Officer and Head of Mergers & Acquisitions and Transaction
Management Group.

Chairman of the Board, Mr. Chaim Katzman commented: "Rachel Lavine
has acted as CEO of the Atrium group since the change of control of
Atrium was effected in August 2008, and has shown considerable skill,
talent and acumen in transforming the group into one of the leading
and most respected real estate enterprises in Europe. Under Rachel's
leadership, the Atrium group has experienced five consecutive years
of growth, seen its portfolio enhanced through strategic
acquisitions, dispositions and development and established a regime
of strong corporate transparency. In addition, Rachel has built up a
team of highly professional and dedicated executive officers. We are
absolutely delighted that she will continue in a senior executive and
strategic role within the group and, on behalf of the Board of
Directors, I would like to express our appreciation and gratitude for
Rachel's untiring efforts and for her many and varied contributions
to the successful transformation of the group during her tenure as
CEO.

"The Board is confident that, with Josip Kardun's wealth of
experience, in-depth knowledge of group's business activities and its
regions of operation, he is a worthy successor as CEO of the Atrium
group. The Board joins me in wishing him every success in his new
position."

Rachel Lavine commented: "It has been a fascinating challenge to
have led the Atrium group out of its difficulties in 2008 and I am
pleased that the past six years of endeavor have yielded such
positive results for the group.

"Having overseen a period of sustained growth, I have decided that
the time has come to hand over the reins of day-to-day group
management to a new generation of leadership, and I have every
confidence that my colleague Josip has the requisite experience,
talent and ability to build on our achievements. I will of course be
working closely with both the Board and Josip in order to ensure not
only a smooth and orderly transition of executive responsibilities,
but also to assess and prioritize the strategic goals of the group. I
wish Josip every success in his new position as Atrium's group Chief
Executive Officer.

"I am proud to have been able to work with an outstanding team of
professionals, each of whom has selflessly contributed efforts and
talents to the success of the group. I would also like to express my
heartfelt gratitude and appreciation to the members of the Board of
Directors of Atrium whose guidance and support have been invaluable,
and who have given their combined expertise and experience to set and
achieve our strategic priorities and goals."

Josip Kardun commented: "I am both proud and excited to have been
nominated as the future Chief Executive Officer of the Atrium group.
I am acutely aware of the impressive transformation the group has
undergone under Rachel's strong leadership and I look forward to
working closely with the Board of Directors of Atrium, with Rachel
and with the group's talented and dedicated executive team in order
to continue our successes in the future."

For further information:

FTI Consulting Inc.:
+44 (0)20 3727 1000 Richard Sunderland Stephanie Highett Nick Taylor
atrium@fticonsulting.com

About Atrium European Real Estate

Atrium is a leading real estate company focused on shopping centre
investment, management and development in Central and Eastern Europe.
As at 31 March 2014 the Group owned 153 shopping centres and retail
properties, with a market value of EUR2.5 billion, diversified across
seven countries with a total gross lettable area of 1.3 million sqm.
In 2013, Atrium produced a gross rental income of EUR203.5 million.

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

This press release appears as a matter of record only and does not
constitute an offer to sell or a solicitation of an offer to purchase
any security.

Atrium is established as a closed-end investment company incorporated
and domiciled in Jersey and regulated by the Jersey Financial
Services Authority as a certified Jersey listed fund. 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). Appropriate professional advice
should be sought in the case of any uncertainty as to the scope of
the regulatory requirements that apply by reason of the above
regulation or registration. 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.

Further inquiry note:
FTI Consulting Inc
+44 (0)20 7831 3113
Richard Sunderland
Stephanie Highett
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