EANS-Adhoc: Atrium European Real Estate Limited / ATRIUM SUCCESSFULLY ISSUES EUR150 MILLION UNSECURED EUROBONDS BY TAPPING ITS EUR350 MILLION 3.625% EUROBONDS DUE 2022

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other
07.05.2015

** NOT FOR RELEASE OR DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE RUSSIAN
FEDERATION **

Atrium European Real Estate Limited
("Atrium")

ATRIUM SUCCESSFULLY ISSUES EUR150 MILLION UNSECURED EUROBONDS BY
TAPPING ITS EUR350 MILLION 3.625% EUROBONDS DUE 2022

Ad hoc announcement - Jersey, 7 May 2015. Atrium European Real Estate
Limited (VSE/Euronext: ATRS), a leading owner, operator and developer
of shopping centres and retail real estate in Central and Eastern
Europe, announces that, further to its announcements of 24 April
2015, it has successfully issued EUR150 million unsecured eurobonds
(the "Bonds"), due in October 2022 bearing a fixed coupon of 3.625%
per annum. The Bonds will be consolidated and form a single series
with the EUR350 million 3.625% bonds due in October 2022, which were
issued by Atrium in October 2014. The issue price is 106.395% of the
principal amount reflecting a yield of 2.9% and including accrued
interest from 16 October 2014 to (but excluding) the issue date.

The Bonds have been placed with a broad range of institutional debt
investors across Europe. Both Standard & Poor's and Fitch have
confirmed a BBB- investment grade credit rating to this tap issue, in
line with Atrium's corporate rating.

The proceeds of the issue will further strengthen Atrium's liquidity
and will be used for the refinancing of existing debt, other
investment property activities and general corporate purposes. The
transaction is in line with Atrium's stated strategic objectives and
forms part of the proactive management of its balance sheet in order
to extend the average debt maturity, diversify funding sources and
minimise the cost of debt.

Commenting on the transaction, Josip Kardun, CEO of Atrium Group,
said: "The success of this tap-issuance is a real endorsement of
both Atrium's business and ability to successfully access debt
capital markets. Having completed a number of significant
acquisitions at the end of last year and at the beginning of 2015,
this transaction provides us with additional financial resources to
further optimise our capital structure and balance sheet efficiency
and pursue further opportunities to grow the business, while at the
same time taking advantage of market conditions to increase liquidity
at attractive costs."

Analysts:
Ljudmila Popova
lpopova@aere.com

Press & Shareholders:

FTI Consulting Inc +44 (0)20 3727 1000
Richard Sunderland/ Claire Turvey
atrium@fticonsulting.com

About the Atrium Group

Atrium is a leading real estate company focused on shopping centre
investment, management and development in Central and Eastern Europe.
As at 31 December 2014, the Atrium Group owned 153 shopping centres
and retail properties, with a market value of EUR2.6 billion,
diversified across seven countries, with a total gross lettable area
of 1.4 million sqm. In the year ended 31 December 2014, the Atrium
Group had gross rental income of EUR214.5 million.

In January 2015, Atrium completed the sale of 72 smaller format
retail centres in the Czech Republic that were classified as assets
held for sale as at 31 December 2014 as part of the Company's
on-going rebalancing of its portfolio to focus on larger scale and
well-established shopping centres.

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

Atrium is established as a closed-end investment company incorporated
and domiciled in Jersey and regulated by the Jersey Financial
Services Commission 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. This press release appears as a matter of record only and
the information contained herein does not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale of
the securities referred to herein in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration,
exemption from registration or qualification under the securities
laws of any jurisdiction.

Any offer of securities to the public that may be deemed to be made
pursuant to this communication in any EEA Member State that has
implemented EU Directive 2003/71/EC (together with any amendments and
applicable implementing measures in any Member State, the "Prospectus
Directive") is addressed solely to qualified investors (within the
meaning of the Prospectus Directive) in that Member State.

This document is an advertisement and not a prospectus for the
purposes of the Prospectus Directive and as such does not constitute
an offer to sell or the solicitation of an offer to purchase
securities. A prospectus prepared pursuant to the Prospectus
Directive will be published, which, when published, can be obtained
from the website of the Luxembourg Stock Exchange. Investors should
not subscribe for or purchase any securities referred to in this
document except on the basis of the information in the prospectus.

This communication is addressed only to and directed only at (i)
persons who are outside the United Kingdom or (ii) investment
professionals falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order")
and (iii) high net worth entities, and other persons to whom it may
lawfully be communicated, falling within Article 49(2)(a) to (d) of
the Order (all such persons in (i), (ii) and (iii) above together
being referred to as "relevant persons"). Any investment activity to
which this communication relates will only be available to and will
only be engaged with, relevant persons. Any person who is not a
relevant person should not act or rely on this document or any of its
contents.

This communication is not for public release, publication or
distribution, directly or indirectly, in or into the United States
(including its territories and possessions, any State of the United
States and the District of Columbia). This communication is not and
does not constitute or form a part of any offer of, or solicitation
to purchase or subscribe for, any securities in the United States.
Any such securities have not been, and will not be, registered under
the United States Securities Act of 1933, as amended (the "Securities
Act"). Any such securities may not be offered or sold in the United
States or to, or for the account or benefit of, U.S. persons (as such
term is defined in Regulation S under the Securities Act), except
pursuant to an exemption from the registration requirements of the
Securities Act. No public offering of securities will be made in the
United States of America.

Further inquiry note:
For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
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, stock market: Luxembourg Stock Exchange
language: English