Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited
Modification of Collateral following Tender Offer for the EUR130,000,000 Floating Rate Notes due 2017

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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15.12.2015


Modification of Collateral following Tender Offer for the EUR130,000,000
Floating Rate Notes due 2017

Ad hoc announcement.  Jersey, 15 December 2015: Atrium European Real Estate
Limited (the "Company") announces that, following the successful tender offer
for cash (the "Offer") for its EUR130,000,000 Floating Rate Notes due 2017
(ISIN: AT0000496633) (the "Notes") and related purchases resulting in Notes in a
principal amount of EUR3,850,000 remaining outstanding, the Company has
cancelled the repurchased Notes in a principal amount of EUR126,150,000.  The
level of collateral pledged in support of the reduced outstanding principal
amount of the Notes has been revised so that real estate assets with an
aggregate value of EUR31.3 million (based on external valuations as at 31 August
2015) are provided as collateral, as contemplated by the tender offer memorandum
prepared by the Company (the "Tender Offer Memorandum"). 

Although the Offer expired at 5.00 p.m. (Vienna time) on 19 June 2015, subject
to applicable law, the Company will consider repurchases of any further Notes
offered to it for repurchase.

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

The information contained in this announcement is for informational purposes
only and does not constitute an offer to purchase any securities or a
solicitation of an offer to sell any securities.

DISCLAIMER
This announcement must be read in conjunction with the Tender Offer Memorandum
and the restrictions set out therein. 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 the Company to inform themselves
about, and to observe, any such restrictions.

For further information:
FTI Consulting Inc.:                                            
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
Ellie Sweeney

About Atrium European Real Estate 
Atrium is a leading real estate company focused on shopping centre investment,
management and development in Central and Eastern Europe. As at 30 September
2015, the Atrium Group owned 82 shopping centres and retail properties, with a
market value of EUR2.7 billion, diversified across seven countries, with a total
gross lettable area of 1.2 million sqm. In the nine months ended 30 September
2015, the Atrium Group had gross rental income of EUR155.0 million.  

Atrium is based in Jersey and is dual-listed on the Vienna and Euronext
Amsterdam Stock Exchanges under the ticker ATRS. 

Atrium 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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