EANS-Adhoc: Atrium European Real Estate Limited / ATRIUM ANNOUNCES SENIOR EXECUTIVE CHANGE

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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 solely responsible for the content of this announcement.
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Management Changes
21.12.2016

ATRIUM ANNOUNCES SENIOR EXECUTIVE CHANGE

Ad hoc announcement - Jersey, 21 December, 2016: Atrium European Real
Estate Limited (VSE/ Euronext: ATRS) (the "Company" and together with
its subsidiaries, the "Group"), a leading owner, operator and
redeveloper of shopping centres and retail real estate in Central and
Eastern Europe, announces that Josip Kardun, Chief Executive Officer
of the Atrium Group, has resigned from his role to pursue other
business interests. Mr. Kardun will remain in position until he
leaves the Group on 31 March, 2017 to help with an orderly
transition.

The company also announces the appointment of Liad Barzilai who will
assume the position of Deputy Chief Executive Officer of the Group
with immediate effect and transition to the role of Chief Executive
Officer of the Group upon the expiry of Mr. Josip Kardun's term as
Group CEO.

Chaim Katzman, Chairman of Atrium commented: "During his almost three
years with Atrium as both COO and, more recently, CEO Josip has made
important contributions to the Group, particularly in progressing our
strategy of improving the quality of the Group's portfolio. I would
like to take this opportunity to thank Josip for his hard work while
at Atrium and express that while we are sorry to see him go, we wish
him well in his future endeavours.

"I would also like to warmly welcome Liad to his new role and wish
him great success. Liad was formerly Atrium's Chief Investment
Officer and has been working with the company for nearly 8 years. He
is an experienced executive with long-standing hands-on knowledge and
understanding of the company and its people, assets and markets. We
have a strong team in place, both at an executive level and
operationally across our portfolio. I have complete confidence in our
Atrium team, headed by Liad Barzilai, and their ability to take the
company forward making it a better company for all of our
shareholders."

Josip Kardun, Chief Executive Officer of Atrium Group, commented:
"I'm proud to have had the opportunity to work alongside an
outstanding team of professionals in this dynamic business over the
past three years. With the portfolio now well positioned for further
growth, it is reassuring to know that I leave the Group in the
extremely capable hands of Liad and the executive team, who have all
played a crucial part in Atrium's success and performance in recent
years. Atrium's strategy and value proposition is very clear and I
look forward to following the Group's continued success with close
interest. Lastly, I'd like to thank the Board of Directors, and
especially the Chairman, for all their support throughout my tenure."

Liad Barzilai, Deputy Chief Executive Officer of Atrium Group,
commented: "I have had the pleasure to work closely with Atrium's
talented team of real estate professionals over the past 8 years and
to create a portfolio of great assets poised for long-term growth. I
look forward to continuing to focus on creating shareholder value."

For further information:

Analysts and investors:
Ryan Lee
+31 (0)615 023 303
rlee@aere.com

FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland, Claire Turvey, Ellie Sweeney
atrium@fticonsulting.com

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
mail: richard.sunderland@fticonsulting.com
WWW: http://www.aere.com
sector: Real Estate
ISIN: JE00B3DCF752
indexes: Standard Market Continuous
stockmarkets: official market: Wien, stock market: Luxembourg Stock Exchange
language: English

Original-Content von: Atrium European Real Estate Limited, übermittelt durch news aktuell