EANS-Adhoc: Atrium European Real Estate Limited / BOARD AUTHORITY GRANTED FOR REPURCHASE OF 2003/2005 BOND SERIES

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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12.04.2011

This announcement does not constitute, or form part of, any offer
for, or any solicitation of any offer for, or any offer to sell
securities in any jurisdiction. The release, distribution or
publication of this announcement incertain jurisdictionsother than
Austria may be restricted by law and therefore any persons who are
subject to the laws of any jurisdiction other thanAustria should
inform themselves about and observe any applicable requirements.

BOARD AUTHORITY GRANTED FOR REPURCHASE OF 2003/2005 BOND SERIES

Jersey, 12 April, 2011: 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, announces that it has received authority
from its Board of Directors to repurchase up to E30 million nominal
value of the 2003/2005 bond series (ISIN:AT0000341789; AT0000341797;
AT0000492996; AT0000496641; AT0000496633) issued by the Company as
permitted by the terms of the bonds.

The authority was granted to allow Atrium to continue its strategy of
acquiring its debt in order to achieve immediate interest cost
savings and, where approporiate, to source financing opportunities at
a lower cost and otherwise on more appropriate terms. It is intended
that repurchases will be made opportunistically as market conditions
or circumstances permit on terms that Atrium determines to be
financially appropriate.

This is separate from, and in addition to, the decision announced by
Atrium on 1 April 2011 relating to a proposed tender offer in respect
of the 6.8 per cent. Guaranteed Notes due 2011 (ISIN: AT0000330964).

For further information:
Financial Dynamics: +44 (0)20 7831 3113
Richard Sunderland
Laurence Jones
Will Henderson
Atrium@fd.com

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 Continuous
Börsen: Wien / official market