RomReal Q3 2010 Results

RomReal hereby announces the highlights in connection with the Q3 2010 results:

* Statutory Net Asset Value (NAV) under IFRS was EUR 0.81 (NOK 6.6) per

share at the end of Q3 2010, a decline of 2.4% compared to the end of Q2

* Pre-tax loss in Q3 2010 of EUR 173,000. Total assets at the end of Q3

2010 were EUR 55.59 million.

* The Company's cash position at the end of Q3 was EUR 2.57 million.

Payroll expenses were 20% less compared to Q2 2010, following a further

reduction in the number of employees, to five (5).

* On the Corallia apartment project, as of the date of this report, all

of the 37 the apartments and commercial areas have been sold. There is

however, an ongoing arbitration process with one of the buyers.

* After the end of Q3, the company successfully sold the 'Bus Station'

plot in Constanta for EUR 2.3 million. As agreed during discussions with

Alpha Bank regarding a two year extension of the loan, EUR 2.1 million of

the proceeds have been used for a partial repayment of the loan.

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

be held at 9.00 a.m. Oslo time on Friday 11th November 2010.

Those who would like to attend the conference call should dial:

Participant joining details:

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

Passcode: 766 330#

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:

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#1461827]

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