Offer Update on Polish Disclosure

 
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 21 June 2010 
 
This announcement is being made pursuant to 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 announce 
that on 18 June 2010 it received a notice from Fragiolig Holdings Limited (" 
Fragiolig") stating that, following the settlement of subscriptions placed in 
the course of the offer by Fragiolig for the entire issued and to be issued 
share capital of the Company (the "Offer") not already owned by Fragiolig or 
persons acting in concert with it announced by Fragiolig on 15 June 2010, it 
acquired additional shares in the Company from shareholders who accepted the 
Offer between 2 June 2010 and 7 June 2010, inclusive, (the "Fourth Settlement") 
and in consequence its holding in the total number of the votes in the Company 
increased by more than 1%. 
 
Fragiolig and its concert parties currently hold 30,577,103 shares in the 
Company, which represent 65.3% in the Company's share capital and carry 
30,577,103 votes at the meeting of the shareholders of the Company, which 
represents 65.3% of the total number of the votes at such meeting. 
 
Prior to the Third Settlement Fragiolig and its concert parties held 30,036,782 
shares in the Company, which represented 64.1 % in the Company's share capital 
and carried 30,036,782 votes at the meeting of the shareholders of the Company, 
which represented 64.1% of the total number of the votes at such meeting. 
 
Further information, please contact: 
 
Atlas Management Company Limited 
Nahman Tsabar/ Michael Williamson Tel [phone] 
 
Fairfax I.S. PLC 
David Floyd / Rachel Rees Tel [phone] 
 
Intertrust Fund Services (Guernsey) Limited 
Andre Le Prevost Tel [phone] 
 
 
 
 
 
END