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RomReal Ltd.

Earnings Release Aug 25, 2016

8160_rns_2016-08-25_5794e19a-7bbe-443c-9660-e7ab6ab95406.html

Earnings Release

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RomReal : Second Quarter 2016 Results and Investor Presentation - Oslo Friday 26 August 2016

RomReal : Second Quarter 2016 Results and Investor Presentation - Oslo Friday 26 August 2016

RomReal hereby presents the main highlights of the second quarter 2016:

Net Asset Value (NAV)

* Net Asset value was EUR 0.43 (NOK 3.96) per share at the end of Q2

2016, 2.8% down compared to the end of Q1 2016.

Operational and Financial highlights

* The Company sees increased interest for its assets, and during the quarter,

it sold several smaller assets and one plot after the close of the quarter

on or above IFRS value.

* The company has secured additional funding capacity with a new drawing

facility of EUR 537,900.

Financial Results

* Net Result for the quarter was a loss of EUR 848,000 in 2Q 2016 compared to

EUR 295, 000 profit in 2Q 2015. The loss is explained by currency effects,

with RON strengthening by 1.1% against the EUR during the quarter.

* Operating cash flow for the quarter was minus EUR 219,000 compared to minus

EUR 109,000 in the same period last year.

Macro and real estate market

*  For the second quarter, the Romanian GDP flash update came in at 6%

following 4.2% growth for 1Q 2016 and 3.8% for 2015. Romania is the fastest

growing economy in the entire EU. The European Commission estimates that

Romania's economy will grow 4.2 percent in 2016, backed by robust domestic

demand, and grow 3.7 percent in 2017.

* The overall real estate market grew further during the quarter. Prices are

heading up, transaction volume increases and construction indicators are

positive. In addition to a low interest rate and a growing economy, the

government stimulates the housing market by increasing the Prima Casa

program and introducing a social housing construction program.

In collaboration with DNB Markets, RomReal invites investors, analysts and media

in a presentation on the second quarter 2016 results, to be held on Friday the

26 August 2016 at 11:00 am Norwegian time. The venue for this presentation is

the DNB Markets building at Hovedkontor, Dronning Eufemias Gate 30, Bjørvika,

0191 Oslo, Norway, and the main presenter will be RomReal Director, Arne

Reinemo.

Those who would like to attend are kindly asked to contact  [email protected]

For further information please contact:

Harris Palaondas

RomReal Ltd - Investor Relations

+40 7311 23037

www.romreal.com

[email protected]

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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