EANS-Adhoc: Atrium European Real Estate Limited / ATRIUM CONTINUES THE REBALANCING OF ITS CZECH PORTFOLIO WITH THE EUR102.6 MILLION SALE OF 10 NON-STRATEGIC ASSETS

--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------

other
10.02.2016

ATRIUM CONTINUES THE REBALANCING OF ITS CZECH PORTFOLIO WITH THE
EUR102.6 MILLION SALE OF 10 NON-STRATEGIC ASSETS

Ad hoc announcement - Jersey, 10 February 2016: Atrium European Real
Estate Limited ("Atrium" or the "Company") (VSE/Euronext: ATRS), a
leading owner, operator and developer of shopping centres and retail
real estate in Central and Eastern Europe, announces that it has
completed the sale of a portfolio of 10 retail assets (the
"Portfolio") in the Czech Republic. The Portfolio has been sold in a
corporate transaction to a private client account managed by Palmer
Capital for an asset value equivalent to EUR102.6 million, which is
c. 8% above the 30th June 2015 book valuation.

The Portfolio consists of 10 retail assets located throughout the
Czech Republic, with a total lettable area of c. 86,200 sqm, and
comprises smaller format retail properties. The sale forms part of
the Company's ongoing strategy to improve its portfolio through
selective rotation of the properties and focusing on larger scale,
well-established shopping centres which dominate their catchment
areas in Atrium's core markets.

Within the past 15 months, Atrium has concluded several transactions
in the Czech Republic, whereby it bought two large scale prime
shopping centres and, including the sale of the Portfolio, sold 87
smaller non-strategic assets. Despite the large reduction in the
number of Czech assets, Atrium's exposure to the Czech Republic has
increased to c. 18% of its total standing investment portfolio market
value (as at 30 September 2015 and excluding the disposed Portfolio),
compared to c. 16% at 30 September 2014 and prior to the
abovementioned transactions, reflecting both Atrium's commitment to
the Czech Republic and the substantial increase in the quality of its
portfolio located there.

Approximately 95% of Atrium's Czech Republic portfolio by value is
now attributable to three prime assets that have been acquired within
the last four years - Atrium Flora and the Company's 75% stake in
Arkády Pankrác, both in Prague, and Atrium Palác in Pardubice.

Commenting on the sale, Josip Kardun, CEO of Atrium Group, said: "The
sale of this portfolio marks an important milestone in Atrium's
evolution and continues the process of divesting our legacy
non-strategic assets in the Czech Republic. It also represents
another significant step forward in our strategy of reweighting our
portfolio and income towards well-established, dominant shopping
centres, where we see greater opportunities to create value."

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

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
Claire Turvey
Richard.sunderland@fticonsulting.com

end of announcement euro adhoc
--------------------------------------------------------------------------------

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