EANS-Adhoc

Atrium European Real Estate Limited / DECLARATION OF SPECIAL DIVIDEND

--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------

Dividend Announcements/Distribution
15.09.2016

Atrium European Real Estate Limited
("Atrium")

DECLARATION OF SPECIAL DIVIDEND

Ad hoc announcement - Jersey, 15 September 2016. Atrium European Real
Estate Limited (VSE/ Euronext: ATRS) (the "Company" and together with
its subsidiaries, the "Group"), a leading owner, operator and
developer of shopping centres and retail real estate in Central and
Eastern Europe, is pleased to announce that its Board of Directors
has approved the payment of a special dividend (the "Special
Dividend") of 14 euro cents per ordinary share representing a return
of an aggregate EUR52.7 million to shareholders ("Shareholders") of
the Company.

The payment of the Special Dividend reflects the Board's continuing
confidence in the prospects of the Group, and, following the sale of
non-core assets in the year to date 2016, the Company's strong cash
position and low leverage. Following the payment of the Special
Dividend the Company will still have sufficient cash and financial
flexibility to complete its current anticipated redevelopment and
asset improvement programme and to make selective acquisitions,
should they arise.

The Special Dividend will be paid on 30 September 2016 to
Shareholders on the register as at 23 September 2016, with an
ex-dividend date of 22 September 2016. The final payments of the 2016
regular dividend are scheduled to be paid in September and December
this year, as approved in November 2015. As usual, the terms of the
regular annual dividend for 2017 will be reviewed by the Board in
November 2016 and announced with the Company's third quarter results.

Further information can be found on Atrium's website www.aere.com or
from:

Analysts:

Ljudmila Popova
[e-mail]
Press & Shareholders:
FTI Consulting Inc
[phone]
Richard Sunderland

Claire Turvey
Ellie Sweeney
[e-mail]

Atrium is established as a closed-end investment company incorporated
and domiciled in Jersey and regulated by the Jersey Financial
Services Authority 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.:
[phone]
Richard Sunderland
Claire Turvey
Ellie Sweeney
[e-mail]

end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: Atrium European Real Estate Limited
Seaton Place 11-15
UK-JE4 0QH St Helier Jersey / Channel Islands
phone: [phone]
mail: [e-mail]
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