APPOINTMENT OF CHIEF ENGINEER

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real estate/MANAGEMENT

St Helier Jersey / Channel Islands (euro adhoc) - Atrium European
Real Estate Limited ("Atrium" or the "Company")

APPOINTMENT OF CHIEF ENGINEER

- Development team strengthened following recent appointment of Chief
Development Officer -

Jersey, 18 November 2008. Atrium European Real Estate (VSX: ATR),
one of the leading real estate companies focused on shopping centre
investment, management and development in Central and Eastern Europe,
announces that it has appointed Stephan Bonk as Chief Engineer.

Reporting to Dominique Beghin, Chief Development Officer, and
starting on 1 December, Stephan will be responsible for managing all
of Atrium's construction projects including concept and technical
frameworks of new development projects, costs estimation, tender
processes, timings, construction and overall monitoring. He will be
overseeing a team of in-house engineers / project managers.

A qualified civil engineer, Stephan has over 12 years experience in
retail development projects across several countries in Central and
Eastern Europe and Russia. He joins the management team from a
subsidiary of ATRIUM where, since 2005, he has been managing
director responsible for development projects across Poland. Most
recently he set up the Company's office in Romania and ran its
operations there. Between 2000 and 2003, he was involved at a senior
level in several high profile real estate developments including
Dusseldorf International Airport and Ikea in Moscow.

Commenting on the appointment, Dominique Beghin, Chief Development
Officer, said: "As we continue to integrate new processes and systems
within the business, Stephan will play a key part in managing our
construction projects in the different regions. He will also be
responsible for creating cohesion with our development partners and
local partners to ensure consistency of costs and timing of delivery
on our development projects."

"Stephan already has considerable knowledge of many of Atrium's
development projects and has shown his ability in managing often
complex projects. With the experience that he brings, he will be
invaluable in realizing our development pipeline and we welcome him
to his new position."

Stephan Bonk, Chief Engineer, added: "There is considerable potential
in Atrium's development pipeline. Having spent a number of years
becoming familiar with Atrium's development projects and its
progression across Central and Eastern Europe, I look forward to my
new role with several challenging, yet exciting goals."

Financial Dynamics: +44 (0)20
7831 3113 Richard Sunderland Stephanie Highett Laurence Jones

Richard.sunderland@fd.com

Notes to editors:

About Atrium European Real Estate Limited

Atrium is a real estate investment and development company whose
primary focus is on retail assets in Central and Eastern Europe,
where it operates in 11 countries. At 30 June 2008, Atrium had 160
operating investment properties with a market value of just over EUR2
billion and a significant portfolio of development projects. In
addition, it has established a land bank of over 1.9 million sqm.
For the six months to 30 June 2008. Atrium had a gross rental income
of EUR64.1 million (2007: EUR62.3 million).

The Company has been listed on the Vienna Stock Exchange since 2002
and at 2 September 2008 was capitalised at EUR1.503 billion based on
a closing price per certificate/share of EUR6.93 and 216.9 million
shares in issue.

end of announcement euro adhoc
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ots Originaltext: Atrium European Real Estate Limited
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Financial Dynamics, London

Richard Sunderland / Laurence Jones

Phone: +44 (0)20 7831 3113

mailto:richard.sunderland@fd.com

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