RomReal Q4 2009 Results

RomReal hereby announces the highlights in connection with the Q4 2009 results:

* Statutory Net Asset Value (NAV) under IFRS was EUR 0.86 (NOK 7.4) per share

at the end of Q4 2009, a reduction of 19% compared to the end of Q3 2009.

This was a result of a further downward adjustment in the value of

investment properties following the independent valuation carried out by

Colliers International at the 2009 year-end.

* Pre-tax loss in Q4 2009 of EUR 10.16 million. Total assets at the end of Q4

2009 were EUR 58.85 million.

* Development cost for Q4 2009 amounted to EUR 473,003. Apart from a small

item expected in Q1 2010, the completion of the Corallia project will put an

end to cash expenditure for development.

* The hand-over of flats and cash collection from the Corallia apartment

buyers have started. Whereas no payments were received in Q4 2009, during Q1

2010 up until the date of reporting, EUR 562,000 out of about EUR 2 million

in outstanding contract payments has been collected in cash.

RomReal invites investors, analysts and media to the results conference call, to

be held at 9.00 a.m. Oslo time on Friday 26 February 2010.

Those who would like to attend the conference call are invited to dial:

UK Freefone dial-in number: 0800 169 0968

UK Direct dial-in number: 0208 996 3943

International direct dial-in number: +44 208 996 3943

Global Access Numbers: http://www.btconferencing.com/globalacce

ss/?bid=49_automated

Passcode: 866 336#

The conference call will be recorded and made available to download

fromwww.romreal.com shortly after the call has ended.

For further information, please contact:

Ulf Lund, Investor Relations

Tel: +44 20 7802 1928

Mob: +44 7920 501 090

[HUG#1388832]

AI assistant