Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited
LEGAL ACTION IN THE NETHERLANDS

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  announcement.
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other/Company Information
01.10.2015


LEGAL ACTION IN THE NETHERLANDS

Ad hoc announcement - Jersey, 1 October 2015. Atrium European Real Estate
Limited (the "Company") (VSE/Euronext: ATRS), a leading owner, operator and
developer of shopping centres and retail real estate in Central and Eastern
Europe, announces that it has received a legal action brought by the Dutch
"Stichting Atrium Claim" as the claimant seeking declarations in relation to
prior actions of the Company. Stichting Atrium Claim was founded in October 2014
with the stated intention of bringing a legal action against the Company and
claims to represent the interests of an uncertain and restricted class of
investors in the Company who purchased certificates between 2002 and 2007, when
the Company was known as Meinl European Land Limited. 

Stichting Atrium Claim has filed this declaratory lawsuit against the Company in
the Netherlands, notwithstanding that the Company is domiciled in Jersey. The
Company regards this as an improper effort to take advantage of the legal
instrument of a class action under Dutch law involving the same subject matter
as investors' claims currently asserted in Austria against the Company. 

The Company believes that the claim is misguided and without merit and that the
Dutch courts should not assert jurisdiction over this claim. The Company will
take all necessary steps to respond appropriately. 

For further information:
FTI Consulting Inc.:                                         +44 (0)20 3727 1489
Richard Sunderland
Claire Turvey
Ellie Sweeney
atrium@fticonsulting.com

Atrium European Real Estate Limited is established as a closed-end investment
company incorporated and domiciled in Jersey and regulated by the Jersey
Financial Services Authority as a certified Jersey listed fund, and is listed on
both the Vienna Stock Exchange and the NYSE 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.


Further inquiry note:
For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
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@fticonsulting.com
WWW:      http://www.aere.com
sector:      Real Estate
ISIN:        JE00B3DCF752
indexes:     Standard Market Continuous
stockmarkets: official market: Wien, stock market: Luxembourg Stock Exchange 
language:   English
 

 


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