Increasing Holdings in Atlas

Livermore Investments Group Limited
31 December 2007

                                                                31 December 2007





               LIVERMORE INVESTMENTS GROUP LIMITED ('LIVERMORE')

              Increasing holdings in Atlas Estates Ltd. to 21.28%





Livermore today announces that it has increased its holdings in Atlas Estates
Ltd. ('Atlas') after reaching a share purchase agreement with Atlas's main
shareholder Elran (D.D.) Real Estate Ltd. ('Elran').

The agreement with Elran is for the purchase of 4,097,509 Ordinary Shares in
Atlas at a price of €4.8 (£3.53) per share, amounting to a total
consideration of €19,668,443 (£14,461,796), representing an additional
9.1% of Atlas's issued share capital (excluding treasury shares held by Atlas).
Under this agreement Livermore will transfer the consideration for the purchased
shares by no later than 15 January 2008.

As part of the share transfer agreement, Elran represented to Livermore that it
is not aware of any material information relating to Atlas which was not
published in the company's reports that is expected to have a material adverse
effect on the company and/or its business.

After the share purchase has taken place, and following recent share purchases
it has made through the Alternative Investment Market ('AIM'), Livermore will
hold 9,579,345 Ordinary Shares in Atlas, representing 21.28% of Atlas's issued
share capital.

Atlas is an AIM-quoted real estate investment and development company. Atlas's
strategy is to build a high yielding investment portfolio and generate
additional capital gain through development projects, with a focus on
residential development. Its activities are focused in Central and Eastern
Europe, excluding Russia and other former Soviet Union countries. Its current
assets are located in Poland, Hungary, Slovakia and Romania.

Noam Lanir, Chief Executive Officer of Livermore, commented: 'Following our
initial share purchases in Atlas in early December 2007, we have now decided to
increase our holdings in the company. We believe Atlas to be an attractive
investment that represents good value to its shareholders, due to its strong
market focus, solid asset portfolio, experienced management, and the purchase
price, which is lower by more than 20% than the company's current NAV'.





Enquiries:



Livermore

Doron Yassur

[phone]



Hudson Sandler

Jessica Rouleau / Fran Read

020 7796 4133



Numis Securities

Lee Aston

020 7260 1000


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