EANS-Voting Rights: Atrium European Real Estate Limited / Publication of a participation notification according to art. 135 para. 2 Stock Exchange Act

Notification of voting rights transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Release of announcement according to Section 135 para 2 of the Austrian Stock Exchange Act 2018

Jersey, 18 October 2019. Atrium European Real Estate Limited (VSE/ Euronext:
ATRS) (the "Company" or "Atrium"), a leading owner, operator and redeveloper of shopping centers and retail real estate in Central and Eastern Europe, announces in accordance with Section 135 para 2 of the Austrian Stock Exchange Act 2018 that it has received the following notification pursuant to Sections 130 to 134 of the Austrian Stock Exchange Act 2018:

1. Issuer: ATRIUM EUROPE REAL ESTATE LIMITED

2. Reason for the notification: Acquisition or disposal of voting rights

3. Person subject to notification obligation
Name: Sand Grove Capital Management LLP
Office: London
Country: UK

4. Name of shareholder(s): Sand Grove Opportunities Master Fund Ltd Sand Grove Tactical Fund LP

5. Date on which the threshold was crossed or reached: 14.10.2019

6. Total positions

______________________________________________________________________________ | | | % of voting | | | | | % of voting |rights through |Total of both |Total number of| | |rights attached|financial/other| in % (7.A + | voting rights | | |to shares (7.A)| instruments | 7.B) | of issuer | |_______________|_______________|(7.B.1_+_7.B.2)|______________|_______________| | Resulting | | | | | | situation on | | | | | | the date on | 4,15 % | 0,00 % | 4,15 % | 378 147 053 | |which threshold| | | | | | was crossed / | | | | | |____reached____|_______________|_______________|______________|_______________| | Position of | | | | | | previous | | | | | | notification | | | | | |(if_applicable)|_______________|_______________|______________|_______________|

Details

7. Notified details of the resulting situation:

______________________________________________________________________________ |A:_Voting_rights_attached_to_shares___________________________________________| | |____Number_of_voting_rights____|_______%_of_voting_rights_______| | | Direct | Indirect | Direct | Indirect | | ISIN Code |(Sec 130 BörseG|(Sec 133 BörseG|(Sec 130 BörseG|(Sec 133 BörseG | |_____________|_____2018)_____|_____2018)_____|_____2018)_____|_____2018)______| |JE00B3DCF752_|_______________|_____15_701_462|_______________|__________4,15_%| |_SUBTOTAL_A__|__________15_701_462___________|_____________4,15_%_____________|

______________________________________________________________________________ |B 1: Financial / Other Instruments pursuant to Sec. 131 para. 1 No. 1 BörseG | |2018__________________________________________________________________________| | | | |Number of voting | | | | | | rights that may | | | Type of | | | be | % of voting | | instrument |Expiration Date|Exercise Period|acquired if the | rights | | | | | instrument is | | |_____________|_______________|_______________|____exercised____|______________| |_____________|_______________|_SUBTOTAL_B.1__|_________________|______________|

_____________________________________________________________________________ |B 2: Financial / Other Instruments pursuant to Sec. 131 para. 1 No. 2 BörseG | |2018_________________________________________________________________________| | Type of | Expiration | Exercise | Physical / | Number of |% of voting | |instrument | Date | Period | Cash |voting rights| rights | |___________|____________|___________|_Settlement__|_____________|____________| |___________|____________|___________|SUBTOTAL_B.2_|_____________|____________|

8. Information in relation to the person subject to the notification obligation:

Full chain of controlled undertakings through which the voting rights and/or the financial/other instruments are effectively held starting with the ultimate controlling natural person or legal entity:

_____________________________________________________________________________ | | | | | Financial/ | | | | | Directly | Shares held | other |Total of both| | No. | Name |controlled |directly (%) | instruments | (%) | | | | by No. | |held directly| | |__________|____________|___________|_____________|_____(%)_____|_____________| |____1_____|Simon_Davies|___________|_______4,15_%|_____________|_______4,15_%| | |Sand Grove | | | | | | 2 |Capital | 1 | 4,15 %| | 4,15 %| | |Management | | | | | |__________|(Cayman)_LP_|___________|_____________|_____________|_____________| | |Sand Grove | | | | | | 3 |Capital | 2 | 4,15 %| | 4,15 %| | |Intermediate| | | | | |__________|Ltd_________|___________|_____________|_____________|_____________| | |Sand Grove | | | | | | 4 |Capital | 3 | 4,15 %| | 4,15 %| | |Management | | | | | |__________|LLP_________|___________|_____________|_____________|_____________|

9. In case of proxy voting
Date of general meeting: N/A
Voting rights after general meeting: - corresponds to - voting rights

10. Additional Information:
Simon Davies has ultimate control over Sand Grove Capital Management LLP. the investment manager for the Sand Grove Opportunities Master Fund Ltd and the Sand Grove Tactical Fund LP which are the legal entities that own the ordinary shares. Simon Davies owns the majority of Sand Grove Capital Management (Cayman) LP. which in turn owns 100% of Sand Grove Capital Intermediate Ltd. which in turn is the majority owner of Sand Grove Capital Management LLP.

Further information can be found on the Company's website www.aere.com [http:// www.aere.com/] or from:

Press & Shareholders:
FTI Consulting Inc +44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
atrium@fticonsulting.com [atrium@fticonsulting.com]

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 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

Attachments with Announcement:
----------------------------------------------
http://resources.euroadhoc.com/documents/279/6/10367823/1/19_10_18_-_14_10_2019_Substantial_Shareholdings_Notification_Sand_Grove_Capital_Management_English.pdf

issuer: Atrium European Real Estate Limited
Seaton Place 11-15
UK-JE4 0QH St Helier Jersey / Channel Islands
phone: +44 (0)20 7831 3113
FAX:
mail: richard.sunderland@fticonsulting.com
WWW: http://www.aere.com
ISIN: JE00B3DCF752
indexes:
stockmarkets: Luxembourg Stock Exchange, 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
Claire Turvey
Ellie Sweeney
atrium@fticonsulting.com

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | EAE0001