RomReal Extends Alpha Bank Loan for 2 Years

RomReal is pleased to announce that the Company has received a written

confirmation from Alpha Bank that an extension of the loan facility of EUR 11.6

million has been approved for a period of 2 years with maturity on 30.11.2012.

Following this the final loan documentation will now be put in place.

The difference between the size of this agreed facility and the size of the

original loan of EUR 13.7 million is the EUR 2.1 million repayment that the

Company made after selling the "Bus Station" plot in October 2010.

Kay Thorkildsen RomReal CEO said:

"We are very pleased that we have obtained a 2 year extension and with the faith

that Alpha Bank has shown in RomReal's operation. With the cash balances of EUR

2.57 million at the end of Q3 and the 2 year extension of the loan we feel that

the Company is in a sound financial position for the future. The Company will

now prioritize further divestments of plots in the land bank, and with the 2

year extension of the loan we now have significantly more flexibility timing

wise to achieve the best possible values for our high quality land bank."

For further information, please contact:

Harris Palaondas,

Investor Relations

Mob: +40 73 11 23 037

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1461830]

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