EANS-Adhoc

Atrium European Real Estate Limited / FRAMEWORK AGREEMENT WITH ADVOFIN TO RESOLVE AUSTRIAN LEGACY LEGAL DISPUTES

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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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other
22.03.2017

FRAMEWORK AGREEMENT WITH ADVOFIN TO RESOLVE AUSTRIAN LEGACY LEGAL
DISPUTES

Ad hoc announcement - Jersey, 22 March, 2017: Atrium European Real
Estate Limited (VSE/ Euronext: ATRS) (the "Company" and together with
its subsidiaries, the "Group"), announces that its Board of Directors
has signed a framework agreement with AdvoFin Prozessfinanzierung AG
("AdvoFin") and Salburg Rechtsanwalts GmbH ("Salburg") that the
Company expects to resolve a significant majority of the Austrian
legacy issues. The framework agreement marks a transformative step
forward in the Company's goal of resolving all of its historic legal
issues.

The framework agreement establishes a mechanism that the Company
expects will enable clients of AdvoFin and Salburg who purchased
Austrian Depository Certificates ("ADC") of Meinl European Land (as
the Company was known pre-August 2008, when it was under different
management) between 2002 and 2007 and who have brought claims or made
submissions to join pending criminal proceedings against the Company
to resolve their claims and potential claims.

In the event that all eligible ADC investors opt to participate, the
maximum payment by the Company would be EUR44 million. In light of
this progress, the Company has reassessed its provision relating to
these legacy claims and made the determination to increase it by
approximately EUR32 million, which will be reflected in the Company's
full year 2016 annual results which will be announced today.

For those who choose to push forward with litigation against the
Company tied to these legacy issues, the Company reiterates that it
rejects the claims against it and that it will continue to defend
itself vigorously in all proceedings.

For further information:

FTI Consulting Inc.:
Richard Sunderland, Claire Turvey, Ellie Sweeney
[phone]
[e-mail]

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.:
[phone]
Richard Sunderland
Claire Turvey
[e-mail]

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: [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