Correction to Holding(s) in Company

 
TIDMATLS 
 
ATLAS ESTATES LIMITED 
(Registered in Guernsey - Number 44284) 
 
Registered Office: 
Martello Court, Admiral Park, St Peter Port, Guernsey, GY1 3HB 
 
TELEPHONE: [phone] 
FACSIMILE: [phone] 
e-mail: [e-mail] 
 
For immediate release 
 
                                                               2 September 2010 
 
                       Correction to Holdings in Company 
 
This announcement is being made pursuant to Article 70 section 1 of the Polish 
Act on Public Offering, the Conditions Governing the Introduction of Financial 
Instruments to Organized Trading, and Public Companies of 29 July 2005. 
 
The board of directors of Atlas Estates Limited (the "Company") hereby 
announces that in report No. 26/2010 dated 27 August 2010 a clerical error 
occurred regarding the number of shares held by RP Partners Fund along with RP 
Explorer Master Fund as a concert party (the "Funds"). 
 
The report stated: "The Funds currently hold 3,1444,608 shares of the Company, 
. . . entitling the holder to 3,1444,608 votes. . ." 
 
It should state: The Funds currently hold 3,144,608 shares of the Company, . . 
. entitling the holder to 3,144,608 votes. . ." 
 
The following is the correct full version of the current report 26/2010 dated 
27 August 2010 
 
In reference to current report No. 24/2010 dated 25 August 2010, the board of 
directors of Atlas Estates Limited (the "Company") hereby announces that on 27 
August 2010 it received a supplementary notice from RP Partners Fund ("RP 
Partners") advising it that as a result of the disposal on 23 August 2010 (the 
"Disposal") of shares in the Company, RP Parters' share in the total number of 
the votes in the Company decreased below the threshold of 10% (the "Information 
"). 
 
According to the Information, immediately prior to the Disposal RP Partners 
along with RP Explorer Master Fund as a concert party ("RP Explorer" and 
together, the "Funds") held 11.88% (RP Partners held 10.32% of the shares in 
the Company and RP Explorer held 1.56% of the shares in the Company). The Funds 
currently hold 3,144,608 shares of the Company, representing 6.72% in the 
Company's share capital (except for own shares held by the Company) and 
entitling the holder to 3,144,608 votes at the meeting of the shareholders of 
the Company, which represents 6.72% of the total number of the votes at such 
meeting. 
 
According to the Information the RP Partners and/or RP Explorer, may, depending 
on circumstances existing from time to time, further increase of decrease its/ 
their share in the total vote at the meeting of the shareholders of the Company 
within 12 months after the date of the Information and neither RP Partners nor 
RP Explorer have any subsidiaries holding shares in the Company. 
 
Legal basis: Art. 70 section 1 of the Polish Act on Public Offering, the 
Conditions Governing the Introduction of Financial Instruments to Organized 
Trading, and Public Companies of 29 July 2005 (amended and restated: Journal of 
Laws of 2009, No. 185, item 1439). 
 
                                    - end - 
 
Further information, please contact: 
Atlas Management Company Limited Tel + 48 (0) 22 208 07 00 
Reuven Havar 
 
Fairfax I.S. PLC Tel [phone] 
David Floyd / Rachel Rees 
 
Intertrust Fund Services (Guernsey) Limited Tel [phone] 
Andre Le Prevost 
 
 
END