Atrium European Real Estate Limited
EANS-Adhoc: Atrium European Real Estate Limited
Modification of Collateral
following Tender Offer for the EUR130,000,000 Floating Rate Notes due 2017
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- other 15.12.2015 Modification of Collateral following Tender Offer for the EUR130,000,000 Floating Rate Notes due 2017 Ad hoc announcement. Jersey, 15 December 2015: Atrium European Real Estate Limited (the "Company") announces that, following the successful tender offer for cash (the "Offer") for its EUR130,000,000 Floating Rate Notes due 2017 (ISIN: AT0000496633) (the "Notes") and related purchases resulting in Notes in a principal amount of EUR3,850,000 remaining outstanding, the Company has cancelled the repurchased Notes in a principal amount of EUR126,150,000. The level of collateral pledged in support of the reduced outstanding principal amount of the Notes has been revised so that real estate assets with an aggregate value of EUR31.3 million (based on external valuations as at 31 August 2015) are provided as collateral, as contemplated by the tender offer memorandum prepared by the Company (the "Tender Offer Memorandum"). Although the Offer expired at 5.00 p.m. (Vienna time) on 19 June 2015, subject to applicable law, the Company will consider repurchases of any further Notes offered to it for repurchase. The Offer was not made to any person located or resident in the United States, and was also subject to restrictions in other jurisdictions, all as further described in the Tender Offer Memorandum. The information contained in this announcement is for informational purposes only and does not constitute an offer to purchase any securities or a solicitation of an offer to sell any securities. DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum and the restrictions set out therein. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by the Company to inform themselves about, and to observe, any such restrictions. For further information: FTI Consulting Inc.: +44 (0)20 3727 1000 Richard Sunderland Claire Turvey Ellie Sweeney 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 2015, the Atrium Group owned 82 shopping centres and retail properties, with a market value of EUR2.7 billion, diversified across seven countries, with a total gross lettable area of 1.2 million sqm. In the nine months ended 30 September 2015, the Atrium Group had gross rental income of EUR155.0 million. Atrium is based in Jersey and is dual-listed on the Vienna and Euronext Amsterdam Stock Exchanges under the ticker ATRS. 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 NYSE 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 -------------------------------------------------------------------------------- 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