EANS-Adhoc: Atrium European Real Estate Limited / Result of Tender Offer

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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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21.01.2010

Result of Tender Offer for up to E120,000,000 of E600,000,000 5.375
per cent. Guaranteed Notes due 2013

Jersey, 21 January, 2010: Atrium European Real Estate Limited (Atrium
or the Company) (ATX/Euronext: ATRS), a leading real estate company
focused on shopping centre investment, management and development in
Central and Eastern Europe, today announces the acceptances and
results of its invitation to holders of its outstanding E600,000,000
5.375 per cent. Guaranteed Notes due 2013 (ISIN: XS0263871328) (the
Notes) to tender their Notes for purchase by the Company for cash
(the Offer). The Offer was made on the terms and subject to the
conditions contained in the tender offer memorandum dated 7 January
2010 (the Tender Offer Memorandum) prepared by the Company for the
Offer.

Acceptance of E80.246 million in aggregate principal amount of the
Notes tendered pursuant to the Offers

The Offer expired at 5.00 p.m. (London time) on 20 January 2010. Of
the E233,808,000 in aggregate principal amount of Notes currently
outstanding, approximately E80.246m million in aggregate principal
amount of the Notes has been validly tendered for purchase and not
withdrawn in accordance with the terms and conditions of the Offer.
The Company has decided to accept for purchase all such Notes validly
tendered pursuant to the Offer, with no pro rata scaling.

The Company will pay E950 (the Purchase Price) for each E1,000 in
nominal amount of the Notes accepted by it for purchase pursuant to
the Offer. The Company will also pay accrued but unpaid interest of
E29.87 per E1,000 in nominal amount of the Notes accepted by it for
purchase pursuant to the Offer, assuming settlement occurs as
expected on 27 January 2010.

Assuming settlement occurs on 27 January 2010, and assuming the Notes
are not otherwise redeemed early, it will result in a total saving
for the Company of approximately E18.07 million in interest payments
on the Notes from 27 January 2010 to maturity in August 2013 (or an
annual saving of approximately E5.12 million for each year during
which the Notes are outstanding (or a pro rata proportion thereof for
any shorter period), equivalent to approximately E0.01 per ordinary
share per year (assuming 372,052,993 ordinary shares in issue at all
relevant times)).

The Offer was not made to any person located or resident in the
United States or Italy, and was also subject to restrictions in other
jurisdictions, all as further described in the Tender Offer
Memorandum. This announcement must be read in conjunction with the
Tender Offer Memorandum.

Further Information The Offer is described in full in the Tender
Offer Memorandum. Deutsche Bank AG, London Branch (Telephone: +44 20
7545 8011; Email: liability.management@db.com) is acting as the
Dealer Manager for the Offer. Deutsche Bank AG, London Branch
(Telephone: +44 20 7547 5000; Fax: +44 20 7547 5001; Email:
{xchange.offer@db.com is acting as the Tender Agent for the Offer.

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. 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.

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: JE00B3DCF752
WKN:
Index: Standard Market Continous
Börsen: Wien / official market