EANS-Adhoc: Atrium European Real Estate Limited / ATRIUM ACQUIRES AFI PALÁC PARDUBICE IN CZECH REPUBLIC FOR EUR83 MILLION

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06.11.2014

ATRIUM ACQUIRES AFI PALÁC PARDUBICE IN CZECH REPUBLIC FOR EUR83 MILLION

Ad hoc announcement - Jersey, 6 November 2014: 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 acquired the AFI Palác shopping centre in Pardubice, Czech Republic, from AFI Europe N.V. for a consideration of EUR83 million. The acquisition is financed using existing cash resources.

The acquisition is in line with Atrium's strategy to acquire prime income producing shopping centres in order to become the dominant player in its core markets of the Poland, Czech Republic and Slovakia, and follows the recent agreement for the acquisition of the Focus Mall in Bydgoszcz, Poland for EUR122 million as well as the successful issuance of a EUR350 million unsecured eight year Eurobond.

As a result of the acquisition, over 19% of Atrium's total income producing portfolio by market value is in the Czech Republic, with 77% located in countries which have A- or above sovereign rating.

AFI Palác Pardubice was originally developed in 2008 and comprises 20,900 sqm of retail GLA across four storeys, with the ground and first floors dedicated to retail and the second floor occupied by a 3,255 sqm Cinema City along with a 1,725 sqm conference centre. There is also a c.542 space underground car park.

The freehold property is currently 96.4% let to a number of anchor tenants including H&M, Deichmann, Intersport, New Yorker and Lindex. Other high-profile brands in the centre include Bata, Promod and Sephora. There is also a large Tesco owned and occupied superstore adjacent to the centre.

Pardubice is a regional capital city and 10th largest city in the Czech Republic, with a population of c.90,000. AFI Palác is the region's only contemporary shopping centre and has a catchment of over 200,000 inhabitants within a 30 minute drive. The centre is located at the intersection of four major roads and within a short walking distance of both the main bus and railway station and the historic old town.

Commenting on the acquisition, Rachel Lavine, Group CEO, said: "This acquisition follows quickly after we signed an agreement to acquire the Focus Mall in Bydgoszcz, Poland and demonstrates our ability to deploy capital into quality assets, dominant in their catchment areas within the strong cities of our core markets. The AFI Palác complements and further strengthens our existing Czech portfolio, as well as enlarges our exposure to one of the strongest economies in the region."

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 June 2014 the Group owned 153 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.

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
language: English

Digital press kit: http://www.ots.at/pressemappe/2915/aom

Rückfragen & Kontakt:

For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Nick Taylor
Richard.sunderland@fticonsulting.com

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