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Atrium European Real Estate Limited / Update to Recommended Cash Acquisition by Scheme of Arrangement and Go-Shop process

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Company Information

St Helier Jersey / Channel Islands -
Atrium European Real Estate Limited

Update to Recommended Cash Acquisition by Scheme of Arrangement and Go-Shop
process

Jersey, 10 September 2019 - Following the announcements made by Atrium European
Real Estate Limited (VSE/Euronext: ATRS) ("Atrium" or the "Company"), on 23 July
and 29 August 2019, the Independent Committee of the Board of Directors of
Atrium (the "Independent Committee") recognised that minority shareholders would
wish to express their opinions in relation to the recommended all cash
acquisition (the "Acquisition") and retained leading advisory firm Boudicca
Proxy Consultants ("Boudicca") to evaluate the views of shareholders.

Boudicca has been proactively engaging with minority shareholders of Atrium
since the beginning of August and has identified, contacted and spoken with over
92% of the minorities. Boudicca has received encouraging feedback from investors
spoken with thus far.

Boudicca is aware that a relatively small component of the minority shareholder
base has publicly voiced concerns regarding, amongst others, the Gazit offer
price.

However, Boudicca is also aware that most of the minority shareholder base are
not able to publicly announce their support for the Gazit offer.

To provide the broader minority shareholder base with a public voice, Boudicca
has been conducting an anonymised survey since Wednesday 4 September. Thus far,
Boudicca has already obtained indicative responses to date from shareholders
representing 19.79% of the Free Float. Of this group of respondents, 92% have
indicated that, in the absence of a superior offer during the Go-shop period,
they would support the Gazit Offer, or that they are finalising their decision
to this effect.

The Independent Committee welcomes additional investor responses to the
Company's anonymous survey and, should investors have any questions, please
contact Boudicca on [phone]. Boudicca's lead contacts - Sheryl
Cuisia, Managing Director of Boudicca; Scott Fulton, IR Consultant; and Jonathan
Harker, Director of Stewardship - are available between 9.00 a.m. and 5.00 p.m.
(London time) Monday to Friday. Alternatively, enquiries can be emailed to
[e-mail] [[e-mail]].

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

About Atrium
Atrium is a leading owner, operator and developer of shopping centres and retail
real estate in Central Europe. Atrium specializes in locally dominant food,
fashion and entertainment shopping centres in the best urban locations. Atrium
owns 32 properties with a total gross leasable area of over 870,000 sqm and with
a total market value of approximately EUR2.7 billion. These properties are
located in Poland, the Czech Republic, Slovakia and Russia, and with the
exception of one, are all managed by Atrium´s internal team of retail real
estate professionals

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
[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]
FAX:
mail: [e-mail]
WWW: http://www.aere.com
ISIN: JE00B3DCF752
indexes:
stockmarkets: Wien, Luxembourg Stock Exchange
language: English