EANS-Adhoc: Atrium European Real Estate Limited / BOARD AUTHORITY GRANTED FOR REPURCHASE OF 2003/2005 BOND SERIES

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.

12.04.2011

This announcement does not constitute, or form part of, any offer for, or any solicitation of any offer for, or any offer to sell securities in any jurisdiction. The release, distribution or publication of this announcement incertain jurisdictionsother than Austria may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other thanAustria should inform themselves about and observe any applicable requirements.

BOARD AUTHORITY GRANTED FOR REPURCHASE OF 2003/2005 BOND SERIES

Jersey, 12 April, 2011: Atrium European Real Estate Limited ("Atrium" or the "Company") (ATX/Euronext:ATRS), a leading real estate company focused on shopping centre investment, management and development in Central and Eastern Europe, announces that it has received authority from its Board of Directors to repurchase up to E30 million nominal value of the 2003/2005 bond series (ISIN:AT0000341789; AT0000341797; AT0000492996; AT0000496641; AT0000496633) issued by the Company as permitted by the terms of the bonds.

The authority was granted to allow Atrium to continue its strategy of acquiring its debt in order to achieve immediate interest cost savings and, where approporiate, to source financing opportunities at a lower cost and otherwise on more appropriate terms. It is intended that repurchases will be made opportunistically as market conditions or circumstances permit on terms that Atrium determines to be financially appropriate.

This is separate from, and in addition to, the decision announced by Atrium on 1 April 2011 relating to a proposed tender offer in respect of the 6.8 per cent. Guaranteed Notes due 2011 (ISIN: AT0000330964).

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