EANS-Adhoc: Atrium European Real Estate Limited / Financial Results for the First Half 2021 and its intention to delist from Euronext Amsterdam EAE

Thursday, 29. July 2021 06:47
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Company Information

St Helier Jersey / Channel Islands -
 Atrium European Real Estate announces its Financial Results for the First Half
2021 and its intention to delist from Euronext Amsterdam - Vienna Stock Exchange
                               listing unaffected

Ad hoc announcement - Jersey, 29 July 2021, Atrium European Real Estate Limited
(VSE/Euronext: ATRS), (the "Company" and together with its subsidiaries, the
"Atrium Group" or the "Group"), a leading owner operator of shopping centres in
Central Europe, announces (i) its results for the six months ended 30 June 2021
and (ii) its intention to apply for the delisting of the Company's shares from
Euronext Amsterdam.

Key financial and Operational figures for the period
A more detailed announcement providing highlights of the period under review
will be distributed and available, along with the half year 2021 Interim
Financial Report, on the Company's website, shortly after this announcement.

In EURm                         6M 2021              6M 2020   CHANGE % / ppt
Net rental income
("NRI")                            62.7                 71.4       (12.2%)

EPRA Like-for-Like
NRI                                52.6                 58.8       (10.6%)

EBITDA                             51.9                 61.6       (15.8%)

Company adjusted
EPRA earnings                      25.7                 37.2       (31.0%)

Occupancy rate (%)*                92.2                 92.3          -

Operating margin
(%)                                90.2                 90.0          -

EPRA NRV per share
(in EUR)*                          4.15                 4.25        (-10)

* As at 30/6/2021 and 31/12/2020 respectively

Intention to delist from Euronext Amsterdam
The Board of Directors of the Company has resolved to apply for the delisting of
the Company's shares (ISIN: JE00B3DCF752) from Euronext Amsterdam. The delisting
application will be filed shortly.

Trading in the shares on the regulated market of Vienna Stock Exchange will not
be affected by this measure and will continue unchanged. Further updates and
information for shareholders, including in relation to timing, will follow once
Euronext Amsterdam has resolved on the delisting application.

The rationale for the delisting is that the trading volumes recorded for
Euronext Amsterdam are significantly lower than those recorded for the Vienna
Stock Exchange. Therefore, the Board of Atrium has concluded that the benefits
resulting from Atrium's listing on Euronext Amsterdam no longer justify the
associated costs and administrative requirements.

Further information can be found on the Company's website www.aere.com or for
Doron Lavi Segelson: dlavi@aere.com

Press & Shareholders:
FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland/Claire Turvey/Ellie Sweeney/Andrew Davis:
scatrium@fticonsulting.com [scatrium@fticonsulting.com]

About Atrium European Real Estate
Atrium is a leading owner, operator and redeveloper 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 26 properties with a total gross leasable area of over 809,000 sqm
and with a total market value of approximately EUR2.5 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. In February 2020 Atrium announced a strategy to diversify
its portfolio by investing in and managing residential for rent real estate,
with a primary focus on Warsaw.

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.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey

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
ISIN:         JE00B3DCF752
stockmarkets: Wien, Luxembourg Stock Exchange
language:     English

EAX0004    2021-07-29/06:47

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