EANS-News: Atrium European Real Estate Limited - APPOINTMENT OF JOSIP KARDUN AS CHIEF OPERATING OFFICER AND DEPUTY CHIEF EXECUTIVE OFFICER

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Management Changes

St Helier Jersey / Channel Islands (euro adhoc) - ATRIUM APPOINTS
JOSIP KARDUN AS CHIEF OPERATING OFFICER AND DEPUTY CHIEF EXECUTIVE
OFFICER

JERSEY, 27 January 2014 - Atrium European Real Estate (the "Group")
(VSE/Euronext: ATRS), a leading owner, operator and developer of
retail real estate and shopping centres in Central and Eastern
Europe, announces the appointment of Josip Kardun as Chief Operating
Officer with effect from 14 February, 2014. Additionally, Mr Kardun
will act as Deputy Chief Executive Officer and will join Atrium's
Group Executive Management Team, reporting directly to Rachel Lavine,
the Group's Chief Executive Officer. The appointment follows the
departure of Nils-Christian Hakert, Chief Operating Officer, who will
leave the Group to pursue other business interests effective 31 March
2014, following the completion of an orderly handover.

Mr Kardun, who sits on the Executive Board of ICSC Europe, is a
highly experienced retail property professional with a strong
international operational and transactional track record and a deep
and thorough understanding of Atrium's core businesses in its regions
of activity.

Mr Kardun joins Atrium from European retail property specialists ECE
Projektmanagement GmbH & Co KG ("ECE"), where he has worked for seven
years in a number of senior positions, most recently as its Chief
Investment Officer and Head of Mergers & Acquisitions and Transaction
Management Group. Prior to this he was Deputy Managing Director
Development of ECE Group and Head of Mergers & Acquisitions,
Strategic Partner Relations and Managing Director of ECE
International, having been promoted from his role as Managing
Director Centermanagement of ECE International where he was
responsible for property management in all 13 of ECE's markets
outside Germany.

Prior to joining ECE, Mr Kardun worked at the international shopping
centre developer and manager, Sonae Sierra, where he was General
Manager at Sierra Management Germany GmbH, Düsseldorf, with
responsibility for leasing activities and centre management, before
which he was Head of Legal Coordination Sonae West Shopping AG in
Düsseldorf.

Mr Kardun has a law degree from the Goethe University Frankfurt.

Rachel Lavine, Chief Executive Officer of Atrium, commented: "Josip
has a very impressive track record in the European retail real estate
market and I am very pleased to welcome him to the team. His
appointment is in line with our strategy of ensuring that Atrium is
managed by top tier real estate professionals at all levels. I feel
confident that his knowledge and experience of the specifics of our
sector will be invaluable in helping Atrium continue to deliver both
high operational standards and a strong financial performance."

"I would like to take this opportunity to thank Nils for his hard
work and commitment over the past five and a half years, contributing
to the significant achievement of the Company in stabilising the
Group, following the change in Atrium's management, and the delivery
of consistent growth during very challenging market conditions. The
Board of Directors and Management team of Atrium join me in wishing
him well for the future."

For further information:
FTI Consulting Inc.:

+44 (0)20 7831 3113
Richard Sunderland
Will Henderson
Nick Taylor
atrium@fticonsulting.com

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 2013
the Group owned 156 shopping centres, with a market value of EUR2.37
billion, diversified across seven countries with a total gross
lettable area of 1.278 million sqm. In 2012, Atrium produced a gross
rental income of EUR193.5million. The Company is based in Jersey and
dual listed on the Vienna and Euronext Amsterdam Stock Exchanges
under the ticker ATRS.

This press release appears as a matter of record only and does not
constitute an offer to sell or a solicitation of an offer to purchase
any security. Atrium is established as a closed-end investment
company domiciled in Jersey. Atrium is registered with the Dutch
Authority for the Financial Markets as a collective investment scheme
which may offer participations in The Netherlands pursuant to article
2:66 of the Financial Supervision Act (Wet op het financieel
toezicht). 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 7831 3113
Richard Sunderland
Will Henderson
Richard.sunderland@fticonsulting.com

end of announcement euro adhoc
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company: 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
language: English