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2016-02-25

RomReal : Fourth Quarter (Q4) 2015 Financial Results and Investor Presentation

RomReal hereby presents the main highlights of the fourth quarter 2015:
Net Asset Value (NAV)

* Net Asset value was EUR 0.44 (NOK 4.10) per share at the end of Q4 2015, a
5.8% decrease compared to the end of Q3 2015. As of 4Q 2014, NAV was EUR
0.48 (NOK 4.04).

Valuation

* Knight Frank Romania has conducted its annual valuation. The valuation
resulted in a 3.1% reduction in the property value on a comparable plot
basis as of the end of 2015.

Operational highlights

* No further sales were completed by the Company during Q4 2015. The Company
finalised the 1 year extension of the Alpha Bank loan, currently due on 29
November 2016. The Company holds an option to extend the loan another year
to 29 November 2017.

Financial Results

* Net Result was a negative EUR 1,881,000 in 4Q 2015 compared to negative EUR
1,469, 000 in 4Q 2014. The loss is mainly explained by a currency effect
due to a depreciation of RON by 2.3% against the EUR during the quarter and
a reduction in the property values as a result of the new valuation report.
Operating cash flow for the quarter was minus EUR 64,000 compared to minus
EUR 145,000 in the same period last year.

Macro and real estate market highlights

* Romania's GDP increase by 3.7% in 2015. The economy is well balanced with
low and stable interest rates and low and falling inflation. Economy
analysts forecast robust growth for 2016 with 3.7% driven by strong
domestic demand and increased export.

* Following NBR's policy rate cut in May to a historically low level of 1.75
%, the low level of interest rates will continue to bolster domestic demand
in 2016. While a deterioration of global investor sentiment may hinder
growth prospects in the near term, medium-term growth prospects in Romania
are favourable, reflecting the diversified economy, large market size and
significant scope for convergence within the EU.
* Average apartment prices in Romania increased 5.9%, while in Constanta
prices increased 7.1% during 2015. A potential threat to the further
residential real estate recovery is the currently discussed law that will
allow debtors to limit their liability to their lender by passing the
ownership of the property to the lender. As the law is currently being
debated and some banks suggest that if enacted, they will be forced to
raise the minimum down payment to about 35%.

RomReal invites investors, analysts and media to a conference call, to be held
tomorrow Friday, 26 February 2016, at 9.00 a.m. Oslo time. Those who would
like to attend the conference call are invited to dial:

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| Participant Joining Details |
| UK Freefone: 0800 389 7473 |
| UK Direct: 01296 480 180 |
| International direct: +44 1296 480 180 |
| |
| Global Access Numbers: http://www.btconferencing.com/globalaccess/?bid=54_automated |
| Global Access Numbers are in-country toll free or local dial-in numbers for |
|this conference. Give this URL to anyone -- both speakers and participants -- |
|joining the conference so they can find the appropriate in-country dial-in |
|number. You can also use these Global Access dial-in numbers if you are |
|travelling. |
| Passcode: 860 158# |
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For further information please contact:

Harris Palaondas

RomReal Ltd - Investor Relations

+40731123037

www.romreal.com

investors@romreal.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

RomReal Q4 2015 Report
http://hugin.info/138565/R/1989609/730702.pdf
RomReal Q4 2015 Presentation
http://hugin.info/138565/R/1989609/730703.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: RomReal via Globenewswire

HUG#1989609

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