Appointment of new chief development officer

Jersey, 8 February, 2010: Atrium European Real Estate Limited (“Atrium” or the “Company”) (ATX/Euronext: ATRS), one of the leading real estate companies focused on shopping centre investment, management and development in Central and Eastern Europe, announces the appointment of Thomas Schoutens as Chief Development Officer.

Mr Schoutens, aged 41, joins from Carrefour Group, the world’s second-largest retailer and the largest in Europe, which he joined in 2003.

He is a Belgian national with 18 years of real estate and construction industry experience in Central and Eastern Europe and Russia.

From 2003 until 2009, he served as a member of Carrefour’s Executive Committee in Poland and Russia and as Director of Assets, Investments & Expansion in these countries.

Since 2007 he held responsibility for Carrefour’s expansion strategy and operations in Russia which included undertaking an in-depth market investigation of 80 major Russian cities. Prior to this he had responsibility for all aspects of Carrefour’s Polish expansion; during which period the number of stores increased from 68 to 328. He also managed the development of over 20 shopping centres.

From 1995 – 2003, he worked for the Belgian-based global construction group CFE (Group Vinci), where he held a number of management positions and, from 2001, was the manager of the Warsaw branch of the business.

From 1991 – 1995 he worked for the Belgian general contractor Besix and the Belgian developer Euton, where he held various supervisory and project management roles in Russia and the Czech Republic.

Mr Schoutens has a degree from the IC–HEC Business Management School in Brussels and is a Commercial Engineer.

Mr Schoutens replaces Dominique Beghin, who left to Company for personal reasons.

Commenting on the appointment Rachel Lavine, CEO of Atrium, said: “Thomas has a wealth of experience that fits exactly with Atrium’s operations and has been gained through 18 years in Central and Eastern Europe, particularly in Poland, Russia and the Czech Republic and including seven years at the world’s second largest retailer. I am very pleased to welcome him into our team and we look forward to working with him and to utilising his contacts and know-how, as we continue to cement Atrium’s position as the foremost operator and developer of supermarket anchored shopping centres in Central and Eastern Europe.”

“Dominique’s contribution to Atrium’s re-structuring and re-organization has been invaluable and on behalf of the Board of Directors and all of his colleagues at Atrium, I would like to thank him sincerely for his hard work and dedication over the past year and a half.”