RomReal Ltd.

Earnings Release • Aug 24, 2017

RomReal : Second Quarter (Q2) 2017 Financial Results and Investor Presentation

RomReal : Second Quarter (Q2) 2017 Financial Results and Investor Presentation

RomReal hereby presents the Q2 2017 highlights:

Net Asset Value (NAV)

* Net Asset value was EUR 0.44 (NOK 4.08) per share, 4% down compared to the

end of Q1 2017. The decrease in NAV is mostly due to transaction costs

during the second quarter related to the finalisation of previously

announced plots disposals.

* More correctly, the NAV would have been EUR 0.48 (NOK 4.45) if the value

from all Q1 2017 plot sales transactions has been permitted according to

IFRS applied to all sold properties.

Operational highlights

* After the end of the quarter, the Company managed to close further two sales

of assets at prices commanding an average premium of about 22% over the

carrying value in the end 2016 IFRS accounts, totalling proceeds about EUR

0.61 million after sales commissions.

* Carrefour plot (No. 8 on the list): presale agreement signed in July 2017

for a total price of EUR 65,000 of which EUR 5,000 received. The transaction

for this farmland plot  is expected to be concluded immediately after the

pre-emption right legal period is over. Such is expected to be finalised and

the difference in price collected by October 2017.

* Ovidiu Town (No.3 on the list) was also sold and paid early August.

* Hospital plot (No.9 on the list): The Urbanization Certificates referring to

the main building characteristics of the plot as well as that for the

demolition of the old buildings, currently on the plot, have been obtained

from the City Hall. The plot is offered for sale on the market at present.

* Ovidiu Lakeside (No. 1 on the list): the new planning permission (PUZ) was

obtained on 2 August 2017.

Financial Results

* Net Result for the quarter was EUR 802,000 loss compared to a EUR 848,000

loss in 2Q 2016. Operating cash flow for the quarter was a negative EUR

2,182,000 compared to minus EUR 219,000 in the same period last year. The

operational cash outflows include the income tax payment related to the

sales closed in H1 2017.

* By the end of the quarter, the Company has a cash position of EUR 2.5

million plus the remainder of the seller's credit of about EUR 1.2 million

and EUR 0.61 million from the recent, after quarter plot sales, totalling at

about EUR 4.3 million or about EUR 0.10 per share.

Macro and real estate market highlights

* Romania recorded the biggest economic growth in the European Union of 5.7%

in the second quarter compared to the same period of last year, according to

Eurostat, the statistics office of the EU, published on the 17 August.

* According to the online real estate platform immobiliare.ro, asking prices

in Romania registered an increase of 10.6% year on year. Still these prices

are about 45% below peak prices in 2008. Prices in Constanta have reached to

EUR 1,044 /sqm, a 9.2% increase year on year.

A recorded investor presentation will be made available tomorrow Friday 25

August at 10:00am CET at www.romreal.com

For further information please contact:

Harris Palaondas

IR

investors@romreal.com

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.