EANS-Adhoc: Atrium European Real Estate Limited / Modification of Collateral following Tender Offer for the EUR130,000,000 Floating Rate Notes due 2017

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15.12.2015

Modification of Collateral following Tender Offer for the
EUR130,000,000 Floating Rate Notes due 2017

Ad hoc announcement. Jersey, 15 December 2015: Atrium European Real
Estate Limited (the "Company") announces that, following the
successful tender offer for cash (the "Offer") for its EUR130,000,000
Floating Rate Notes due 2017 (ISIN: AT0000496633) (the "Notes") and
related purchases resulting in Notes in a principal amount of
EUR3,850,000 remaining outstanding, the Company has cancelled the
repurchased Notes in a principal amount of EUR126,150,000. The level
of collateral pledged in support of the reduced outstanding principal
amount of the Notes has been revised so that real estate assets with
an aggregate value of EUR31.3 million (based on external valuations
as at 31 August 2015) are provided as collateral, as contemplated by
the tender offer memorandum prepared by the Company (the "Tender
Offer Memorandum").

Although the Offer expired at 5.00 p.m. (Vienna time) on 19 June
2015, subject to applicable law, the Company will consider
repurchases of any further Notes offered to it for repurchase.

The Offer was not made to any person located or resident in the
United States, and was also subject to restrictions in other
jurisdictions, all as further described in the Tender Offer
Memorandum.

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 and the restrictions set out therein. 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 the Company to inform
themselves about, and to observe, any such restrictions.

For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
Ellie Sweeney

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 2015,
the Atrium Group owned 82 shopping centres and retail properties,
with a market value of EUR2.7 billion, diversified across seven
countries, with a total gross lettable area of 1.2 million sqm. In
the nine months ended 30 September 2015, the Atrium Group had gross
rental income of EUR155.0 million.

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 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
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