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16.11.2021 – 06:50

Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited
Nine months 2021 Results and Dividend Update

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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.
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Company Information/Quarterly Report
16.11.2021

St Helier Jersey / Channel Islands -
                  Nine months 2021 Results and Dividend Update

Ad hoc announcement - Jersey, 16 November 2021, Atrium European Real Estate
Limited (VSE/Euronext: ATRS), (the "Company" and together with its subsidiaries,
"Atrium" or the "Group"), an owner and operator of shopping centres and
residential for rent properties in Central Europe, reports its financial results
for the nine months ended 30 September 2021.

A more detailed announcement providing highlights of the period under review
will be distributed and available, along with the Q3 Interim Financial Report
2021, on the Company's website, shortly after this announcement.
Key financial figures for the period

In EURm                    9M 2021             9M 2020         CHANGE % / ppt
Net rental income
("NRI")                             99.5               106.5       (6.6%)

NRI excluding
straight lining                     91.0                89.0        2.3%

EPRA Like-for-Like
NRI                                 83.0                87.0       (4.6%)

EPRA Like-for-Like
NRI excluding                       76.9                72.3        6.4%
straight lining

EBITDA                              83.0                91.9       (9.7%)

Company adjusted
EPRA earnings                       40.0                56.3       (29.0%)

Company adj. EPRA
earnings excl.                      31.7                38.7       (18.2%)
straight line

Operating margin
(%)                                 92.5                90.0        2.5%

Occupancy rate (%)*                 92.2                92.3       (0.1%)

Collection (%)**                    94.0                   -          -

EPRA NRV per share
(in EUR)*                           4.11                4.25       (0.14)


* As at 30/9/2021 and 31/12/2020 respectively
** Collection as of November 15, 2021

Dividend

* 2.6% of shareholders opted to receive scrip dividend in Q3 2021, resulting in
  an issuance of 225,883 shares and cash dividend payment of c. EUR26 million.


* In relation to the Q4 2021 dividend, we refer to the press releases published
  on 2 August 2021 and 18 October 2021. Additional information will be set out
  in a shareholder circular which is expected to be published by the Company in
  November 2021.


Further information can be found on the Company's website www.aere.com or for
analysts:
Molly Katz: mkatz@aere.com

Press & shareholders:
FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland / Claire Turvey / Andrew Davis: atrium@fticonsulting.com
[atrium@fticonsulting.com]

About Atrium European Real Estate
Atrium is a leading owner, operator and redeveloper of shopping centres and
retail real estate in Central Europe. Atrium specializes in locally dominant
food, fashion and entertainment shopping centres in the best urban locations.
Atrium owns 26 properties with a total gross leasable area of over 809,000 sqm
and with a total market value of approximately EUR2.5 billion. These properties
are located in Poland, the Czech Republic, Slovakia and Russia, and with the
exception of one, are all managed by Atrium's internal team of retail real
estate professionals. In February 2020 Atrium announced a strategy to diversify
its portfolio by investing in and managing residential for rent real estate,
with a primary focus on Poland, where it already has secured over 650 units.

The Company is established as a closed-end investment company incorporated and
domiciled in Jersey and regulated by the Jersey Financial Services Commission as
a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange
and the 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
FAX:
mail:      richard.sunderland@fticonsulting.com
WWW:       http://www.aere.com
ISIN:         JE00B3DCF752
indexes:
stockmarkets: Luxembourg Stock Exchange, Wien
language:     English

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