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 
 
                                                                 25 August 2010 
 
                              Holdings in Company 
 
The Board of Directors (the "Board") of Atlas Estates Limited (the "Company") 
hereby announces that on 24 August 2010 it received notice from RP Partners 
Fund and RP Explorer Fund (together, the "Funds") advising that, as a result of 
the disposal on 23 August 2010 (the "Disposal") of shares in the Company, the 
Funds' share in the total number of the votes in the Company decreased below 
the threshold of 10% (the "Information from the Funds"). 
 
The Board also announces that on 25 August 2010 it received notice from 
Pricewaterhousecoopers Associates Limited ("PwC"), as trustee of Atlas Project 
Purpose Trust, advising it that as a result of the acquisition on 23 August 
2010 (the "Acquisition") of shares in the Company, PwC's share in the total 
number of the votes in the Company surpassed 5% (the "Information from PwC"). 
 
According to the Information from the Funds, immediately prior to the Disposal 
the Funds held in the Company 5,560,616 shares, which entitled the holders to 
5,560,616 votes at the meeting of the shareholders of Company. The Funds 
currently hold 3,144,608 shares in the Company, representing 6.72% in the 
Company's share capital and entitling the holders 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 from PwC immediately prior to the Acquisition, 
Atlas Project Purpose Trust did not hold any shares in the Company and did not 
have any votes at the meeting of the shareholders of the Company. Atlas Project 
Purpose Trust currently holds 2,416,008 shares in the Company, representing 
5.15% in the Company's share capital and entitling the holder to 2,416,008 
votes at the meeting of the shareholders of the Company, which represents 5.15% 
of the total number of the votes at such meeting. 
 
The information disclosed in this announcement is pursuant to 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) and 
Rule 17 of the AIM Rules for Companies. 
 
                                    - 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