MODIFICATION OF AN ALREADY DISCLOSED INSIDE INFORMATION ATRIUM CONFIRMS APPOINTMENT OF NEW CEO

Ad hoc announcement - Jersey, 23 February, 2017: Further to its ad hoc announcement of 21 December 2016, Atrium European Real Estate Limited (VSE/ Euronext: ATRS) (the "Company" and together with its subsidiaries, the "Group"), announces that Liad Barzilai has, effective today, been appointed, as Chief Executive Officer of the Group.

The appointment is in advance of the previously notified date of 31 March, 2017 following an orderly handover of responsibilities, which was able to be accelerated due to Mr Barzilai's extensive existing knowledge of the Group's operations, gained from his almost nine years of association and senior level employment with the Group.

Josip Kardun, the former Chief Executive Officer of the Group, has now left the Company.

Chaim Katzman, Chairman of Atrium commented: "I am very pleased that Liad has been able to draw on the extensive and in depth knowledge of the Company, which he has gained with Atrium over the last almost nine years, to accelerate the process of him taking the reins of the Group. I have every confidence that he is the right person to lead the Group and to continue to deliver value for our shareholders. I would also like to thank our departing CEO, Josip Kardun, for his contribution to Atrium and wish him luck on his future endeavours." Liad Barzilai, Chief Executive Officer of the Group, commented: "When I accepted the role of Group CEO I had every confidence in Atrium's prospects based on my previous history with the Group. After reacquainting myself with the strong team, I am confident in Atrium's strong foundations that will underpin its future growth. I am very excited to be able to officially step into my new role, slightly sooner than previously anticipated."

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.

Atrium European Real Estate Ltd. published this content on 23 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 February 2017 08:41:07 UTC.

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