EANS-Other capital market information: Atrium European Real Estate Limited / Notification of share buyback transactions (Article 5 of Reg. (EU) market abuse)

Other capital market information transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

SHARE BUY-BACK PROGRAM UPDATE

Jersey, 2 October 2020. Atrium European Real Estate Limited (VSE/ Euronext:
ATRS) ("Atrium" or the "Company" and together with its subsidiaries, the "Atrium Group"), a leading owner, operator and redeveloper of shopping centres and retail real estate in Central Europe, makes the following statement to provide an update on its share buy-back program currently in place (the "Share Buy-Back Program").

The Annual General Meeting dated 24 July 2019 has authorised the Company to arrange for on-market purchases within a limit of 50 million sharesand within the limitations imposed by the shareholders in the relevant resolution, and the Company announced on 17 March 2020 that its Board of Directors has resolved to utilise this authorisation. With the resolution of the Annual General Meeting dated 23 April 2020 the duration of the Share Buy-Back Program was extended to 31 July 2021.

The total number of shares repurchased since 17 March 2020 amounts to 643,197 shares. Detailed information on the individual transactions of the Share Buy-Back Program is published on Atriums website https://www.aere.com/sharebuy.aspx. The conditions of the Share Buy-Back Program are set out below.

______________________________________________________________________________ |_______________________________________|______________________________________| |Date of the authorization resolution by| | |the_Annual_General_Meeting:____________|24_July_2019__________________________| |Date and publication of the |24 July 2019 via data dissemination | |authorisation resolution: |system and on the Company's website | |_______________________________________|(www.aere.com)________________________| |Commencement_and_anticipated_duration:_|20_March_2020_until_31_July_2021______| |Share class: |No-par value shares issued to bearers | |_______________________________________|(ISIN_JE00B3DCF752)___________________| |Maximum pecuniary amount allocated to | | |the_programme:_________________________|Up_to_EUR_124_million_________________| |Intended volume: |Up to 25 million shares (corresponding| |_______________________________________|to_approx._7_%_of_the_share_capital)__| | |The minimum price (exclusive of | | |expenses) per share shall be EUR 0.01 | |Consideration: |and the maximum price (exclusive of | | |expenses) shall be EUR 4.96 (as the | |_______________________________________|EPRA_NAV_per_share_last_published)____| |Form_of_repurchase:____________________|Purchase_via_the_stock_exchange_______| |Purpose_of_repurchase:_________________|Reduction_of_the_share_capital________| |Impact_on_listing:_____________________|None__________________________________|

Any purchase of shares done in relation to this announcement will be executed in accordance with the relevant regulations and Atrium's general authority to make market purchases of shares. Atrium will announce the details of any market repurchase of shares pursuant to Sec 7 of the Austrian Publication Regulation (Veröffentlichungsverordnung) and Art 2 para 3 of the Commission Delegated Regulation (EU) 2016/1052 no later than 7 trading days following the day on which the repurchase occurred and immediately any changes to be published pursuant to Sec 6 of the Austrian Publication Regulation and Art 2 para 1 of the Commission Delegated Regulation (EU) 2016/1052 on its website (www.aere.com).

For further information:
FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland/Claire Turvey/Andrew Davis atrium@fticonsulting.com

About Atrium European Real Estate
Atrium is a leading owner, operator and redeveloper of shopping centres and retail real estate in Central Europe. Atrium specializes in locally dominant food, fashion and entertainment shopping centres in the best urban locations. Atrium owns 26 properties with a total gross leasable area of 808,100 sqm and with a total market value of approximately EUR2.5 billion. These properties are located in Poland, the Czech Republic, Slovakia and Russia, and with the exception of one, are all managed by Atrium's internal team of retail real estate professionals.

In January 2020 Atrium announced a strategy to diversify its portfolio by investing in and managing residential for rent real estate, with a primary focus on Warsaw.

The Company 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

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:

FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland/Claire Turvey/Andrew Davis
atrium@fticonsulting.com

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