EANS-Adhoc: Atrium European Real Estate Limited / Disclosure according to Sec 93 para 2 of the Austrian Stock Exchange Act and Sec 5:25i of the Dutch Financial Supervision Act - Resignation of Directo

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other/Company Information
23.01.2015

Disclosure according to Sec 93 para 2 of the Austrian Stock Exchange
Act and Sec 5:25i of the Dutch Financial Supervision Act -
Resignation of Directors

Ad hoc announcement - Jersey, 23 January 2015. Atrium European Real
Estate Limited ("Atrium"), with its principal office in Jersey,
hereby announces that it has been notified by Gazit Globe Ltd ("Gazit
Globe") on behalf of its wholly-owned subsidiaries Gazit Gaia Ltd
("Gazit Gaia") and Gazit Midas Ltd ("Gazit Midas") and by CPI CEE
Management LLC on behalf of the consortium managed by CPI CEE
Management LLC (such consortium consists of CPI CEE Co-Invest 1
Limited and CPI CEE Co-Invest 2 Limited and CPI CEE Limited and is
controlled by Apollo Global Real Estate Management LP, an affiliate
of Apollo Global Management LLC) (the "Consortium") about the
completion of the acquisition of 52,069,622 ordinary shares
(corresponding to 13.87% of the voting rights) in Atrium by Gazit
Gaia from entities forming part of the Consortium.

Following the completion of the acquisition on January 22, 2015 the
ordinary shares in Atrium held by Gazit Gaia have increased from
49,681,381 ordinary shares (corresponding to 13.23% of the voting
rights) to 101,751,003 ordinary shares (corresponding to 27.10% of
the voting rights) and have therefore exceeded the thresholds of 15%,
20% and 25% as set forth in Sec 91 para 1 of the Austrian Stock
Exchange Act.

The ordinary shares in Atrium, either directly or indirectly held by
Gazit Globe, (through its wholly-owned subsidiaries Gazit Gaia and
Gazit Midas) have following the acquisition increased from
154,611,929 ordinary shares (corresponding to 41.17% of the voting
rights) to 206,681,551 ordinary shares comprising 55.04% of the
issued and outstanding shares and voting rights in Atrium. Thus, the
percentage of voting rights in Atrium held directly and indirectly by
Gazit Globe, have exceeded the reporting thresholds of 45% and 50% as
set forth in Sec 91 para 1 of the Austrian Stock Exchange Act. The
acquisition consists of a transfer of (i) 10,208,232 ordinary shares
(corresponding to 2.72% of the voting rights) in Atrium from CPI CEE
Co-Invest 1 Limited to Gazit Gaia, (ii) 15,312,347 ordinary shares
(corresponding to 4.08% of the voting rights) in Atrium from CPI CEE
Co-Invest 2 Limited to Gazit Gaia, (iii) 26,549,042 ordinary shares
(corresponding to 7.07% of the voting rights) in Atrium from CPI CEE
Limited to Gazit Gaia and (iv) 1 ordinary share in Atrium from CPI
CEE Management LLC to Gazit Gaia. As a result of the acquisition the
percentage of voting rights in Atrium held by the aforementioned
companies of the Consortium has fallen under the 10%, 5% and 4%
reporting thresholds as set forth in Sec 91 para 1 of the Austrian
Stock Exchange Act and as of the date of completion of the
acquisition amounts to a total of 0% (0 ordinary shares).

After the completion of the acquisition, the companies of the
Consortium no longer hold any ordinary shares in Atrium, and the
rights of CPI CEE Management LLC under the existing agreements
concluded between Atrium, Gazit Midas and CPI CEE Management LLC were
irrevocably terminated after the transfer of shares has taken effect.
Two of Atriums' directors nominated by CPI CEE Management LLC, Joseph
Azrack and Roger Orf, have resigned from the Board of Directors.

For further information: FTI Consulting Inc.:
+44 (0)20 3727 1000 Richard Sunderland Claire Turvey 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 30 September 2014
the Group owned 151 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, and is listed on both the Vienna Stock Exchange and the NYSE
Euronext Amsterdam Stock Exchange. 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 and listings. 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:
For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Nick Taylor
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