Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited

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EXCHANGE OF AUSTRIAN DEPOSITORY CERTIFICATES

12.08.2009

EXCHANGE OF AUSTRIAN DEPOSITORY CERTIFICATES

Jersey, 12  August  2009.    Further  to  its  announcement  on  11   August  2009 regarding the publication of its prospectus and planned listing of its  ordinary shares on the Vienna stock exchange  and   Euronext  Amsterdam,  Atrium  European Real Estate Limited ("Atrium" or the "Company") (ATX: ATR), announces  that,  as part of this process,  the  current  Austrian  Depository  Certificates  ("ADC") which  represent  ordinary  shares  of  Atrium,  registered  in  the name    of Oesterreichische Kontrollbank Aktiengesellschaft ("OeKB"), will  be  terminated and exchanged for electronic Book-Entry Interests  in  Atrium  ordinary  shares, registered in the name  of   Euroclear  Nederland.    The  holders  of  Book-Entry Interests will hold ownership of interests in the underlying shares pursuant  to Dutch law and will be exchanged on a straight one-for-one basis.

The exchange of ADCs will ensure ongoing  compliance  with  Jersey   law  and  is required for the process of Atrium achieving  its   second  listing  on  Euronext Amsterdam,  which  Atrium  believes   will  bring  significant  benefits  to  the Company.    Euronext   Amsterdam  is  an  internationally  recognised  and  traded exchange and should therefore open the Company up to a  far  wider  universe   of potential investors.  As such,  Atrium  expects  this  to  result in  increased analyst coverage, greater liquidity in Atrium's  shares and,  over  the  longer term, enhanced pricing.

No action is required by certificate  holders  who,  as  holders  of Book-Entry Interests, will continue to be able to buy and sell their Book-Entry  Interests through their account holding banks either through trades on  the  Vienna  Stock Exchange or on Euronext Amsterdam.  In addition,    investors  holding  interests in Shares through the Euroclear book-entry settlement system will (on the   basis of a proxy provided by Euroclear Nederland) be able to exercise rights  relating to those Shares such that they will be able to attend and vote  at  all  general meetings of the Company and receive dividends as set out in the prospectus.

The Company announced on 14 January 2009 that it had decided to pursue a  second listing of its shares on Euronext Amsterdam.  A resolution  to  change  Atrium's articles of association to enable it to list its shares on  Euronext  Amsterdam, as well as  on  the   Vienna  Stock  Exchange,  was  approved  by  the  Company's shareholders on 6 April 2009.

The exchange is expected to take place after close  of  trading  on   the  Vienna stock exchange on 18 August 2009 and ahead of the   opening  of  trading  on  the Vienna stock exchange and Euronext Amsterdam on 19 August 2009.

For more information regarding the exchange of  ADCs  as  well  as   exercise  of rights relating to the shares  and  the  Book-Entry   Interests,  the  book-entry settlement system and other matters  in   respect  of  the  listing  on  Euronext Amsterdam and the Vienna Stock Exchange,  please  refer  to  the  prospectus  of Atrium, in particular section 3.5 thereof, which was approved  by  the  Austrian Financial Market Authority on 10 August and published on 11 August 2009 and  can be downloaded from Atrium's website (www.aere.com).

-Ends-

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ots Originaltext: Atrium European Real Estate Limited
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
For further information:

Financial Dynamics:                                                            +44 (0)20 7831 3113
Richard Sunderland        
Laurence Jones            
atrium@fd.com

Branche: Real Estate
ISIN:      AT0000660659
WKN:        066065
Index:    Standard Market Continous
Börsen:  Wien / official market



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