EANS-News: Atrium European Real Estate Limited / UPDATE ON LEGAL PROCEEDINGS

St Helier Jersey / Channel Islands (euro adhoc) -

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UPDATE ON LEGAL PROCEEDINGS

Jersey, 17 January 2011: Further to its announcement of 30 December 2010 regarding a proposed legal action against the Company filed by Meinl Bank ("Meinl") with The International Arbitral Centre of the Austrian Federal Economic Chamber, Atrium European Real Estate Limited ("Atrium") (VSE/Euronext:
ATRS), announces that it is now been served in this respect.

Atrium maintains its view that this action is entirely without merit and that the indemnityprovisionsto which this legal action refers are not relevant or applicable in this case.

For further information:
Financial Dynamics: +44 (0)20 7831 3113 Richard Sunderland
Laurence Jones
Richard.sunderland@fd.com

end of announcement euro adhoc

company: 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@fd.com
WWW: http://www.aere.com
sector: Real Estate
ISIN: JE00B3DCF752
indexes: Standard Market Continuous
stockmarkets: official market: Wien
language: English

Rückfragen & Kontakt:

Financial Dynamics, London
Richard Sunderland / Laurence Jones
Phone: +44 (0)20 7831 3113
richard.sunderland@fd.com

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