Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited

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  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.
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Result of Tender Offer

21.11.2011

Atrium European Real Estate Limited announces results of its Tender Offer for
            the EUR35,000,000 6.8 per cent. Bonds due 21 December 2011
                         of Manhattan Development s.r.o.


Jersey, 21 November, 2011: Atrium European Real Estate Limited (the Company),
announces today the final results of its invitation to holders of the
outstanding EUR35,000,000 6.8 per cent. Bonds due 21 December 2011 (ISIN:
AT0000330964) (the Notes) of Manhattan Development s.r.o. (the Issuer) (an
indirect wholly-owned subsidiary of the Company) to tender their Notes for
purchase by the Company for cash (the Offer).

As at the Final Expiration Deadline of 5.00 p.m. (Vienna time) on 18 November
2011, a total of EUR11,133,000 in aggregate nominal amount of the Notes has been
validly tendered for purchase pursuant to the Offer since commencement of the
Offer on 13 April 2011. The Company has accepted for purchase all such Notes.
Settlement of the purchase for such Notes which have not previously been
settled will take place on the Final Settlement Date which occurs on 22
November 2011.

Pursuant to the terms and conditions of the Notes, the Company will redeem all
outstanding Notes not tendered and purchased pursuant to the Offer on the final
maturity date, which occurs on 21 December 2011.

The Offer was made on the terms and subject to the conditions contained in the
tender offer memorandum dated 13 April 2011 (the Tender Offer Memorandum) as
amended by the terms of the Company's announcements dated 16 May 2011, 7 June
2011 and 8 August 2011 (the Announcements). This announcement should be read in
conjunction with the Tender Offer Memorandum and the Announcements. Capitalised
terms used but not otherwise defined in this announcement shall have the
meanings given to them in the Tender Offer Memorandum and the Announcements.

The Offer was not made to any person located or resident in Italy, and was also
subject to restrictions in other jurisdictions, all as further described in the
Tender Offer Memorandum.

Deutsche Bank AG, London Branch is acting as Dealer Manager (tel: +44 20 7545
801; email: liability.management@db.com) and Tender Agent (tel: +44 20 7547
5000; email: xchange.offer@db.com) for the Offer.

DISCLAIMER

This announcement must be read in conjunction with the Tender Offer Memorandum
and Announcements. No offer or invitation to acquire any securities is being
made pursuant to this announcement. The distribution of this announcement and
the Tender Offer Memorandum in certain jurisdictions may be restricted by law.
Persons into whose possession this announcement and/or the Tender Offer
Memorandum comes are required by each of the Company, the Dealer Manager and
the Tender Agent to inform themselves about, and to observe, any such
restrictions.


Further inquiry note:
For further information:
FTI Consulting Inc.:
+44 (0)20 7831 3113
Richard Sunderland
Will Henderson
Richard.sunderland@fticonsulting.com

end of announcement                               euro adhoc 
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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
 



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