RomReal Ltd.

Earnings Release • May 25, 2017

RomReal : First Quarter 2017 Results and Investor Presentation

RomReal : First Quarter 2017 Results and Investor Presentation

Please find below the main highlights of the first quarter 2017:

Net Asset Value (NAV)

* Net Asset value was EUR 0.46 (NOK 4.25) per share, 2.1% down compared to the

end of 2016. The decrease in NAV is mainly due to the negative foreign

exchange differences and the interest expense for the period.

* More importantly, the Net Asset Value would have been EUR 0.49 (NOK 4.60) if

the values from all Q1 2017 sales transactions are applied to the sold

properties.

Operational highlights

* The Urbanism Certificate of the Alexandriei plot has been successfully

obtained from the City Hall and the plot is now fully eligible for sale.

* On April 7, 2017, the Group has prepaid entirely the outstanding loan from

Alpha Bank thus emerging as a debt free Company. The shareholder loan was

also fully repaid during May.

* The Company has a cash position today of about EUR 2.3 million plus the

sellers secured credit of EUR 1.75 million that is serviced monthly with

equal instalments plus interest until the 7 April 2018. This implies a cash

or cash equivalent of about EUR 0.10 per share.

* On 21 April 2017, the Annual General Meeting has elected Mrs Heidi Sorensen

Austbo as Company Director.

Financial Results

* Net Result for the quarter was EUR 284,000 loss compared to an EUR 423,000

profit in 1Q 2016. Operating cash flow for the quarter was a negative EUR

172,000 compared to minus EUR 97,000 in the same period last year.

Macro and real estate market highlights

* After a strong GDP growth rate of 4.8% in 2016, the Romanian economy is

expected to register a 4% GDP increase this year according to the European

Bank for Reconstruction and Development. The main drivers for the economic

growth during this period was the private consumption, supported by VAT

reduction, public wage increases and improved labour market. In the first

quarter 2017, the preliminary GDP growth came in a solid 5.7%, according to

Eurostat.

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

in Romania were up by 1.2% in April against the previous month from a

national average of EUR 1,092/sqm to EUR 1,105 /sqm. This registers an

increase of 8.8% year on year. Prices in Constanta have reached to EUR

1,013 /sqm, a 5.9% increase year on year. This makes Constanta the fourth

Romanian city where asking prices have passed the EUR 1,000/sqm level. Still

prices in Bucharest and Constanta apartments are about 40% below peak prices

in 2008.

A recorded investor presentation will be made available tomorrow Friday 26 May

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.