RomReal Ltd.

Earnings Release • May 26, 2016

RomReal :First Quarter (Q1) 2016 Financial Results and Investor Presentation

RomReal :First Quarter (Q1) 2016 Financial Results and Investor Presentation

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

Net Asset Value (NAV)

* Net Asset value was EUR 0.44 (NOK 4.17) per share at the end of Q1 2016,

unchanged from Q4 2015.

Operational highlights

* The Company sees increasing interest for its land bank, and it has several

on-going discussions. The Company did not sell any plots during the quarter,

but after the end of the quarter, RomReal has sold two plots on Tartar

Peninsula close to the IFRS value and it has entered into a conditional

agreement to sell 100% percent of Balada Market at slightly below IFRS

value.

Financial Results

* Net Result for the quarter was EUR 425,000 compared to EUR 295, 000 in

1Q 2015. The profit is mainly explained by currency effects, with RON

strengthening by 1.1% against the EUR. During the quarter, operating cash

flow was almost neutral with minus EUR 87,000 compared to minus EUR 197,000

in the same period last year.

Macro and real estate market highlights

* The overall Romanian economy grew 4.2 percent in the first quarter of 2016,

up from 3.8% for 2015. Romania is expected to grow around 4% for 2016, a far

higher growth rate than for EU as a whole. The real estate market developed

positively in the first quarter. Number of transactions increases, building

permits increases, and residential prices both on a national level and in

RomReal's core Constanta market continues to grow. An increased Prima Casa

program funds residential investments and a positive investor sentiment

helps private money flow to the residential market. To illustrate the market

strength, the former NEPI founders raised easily EUR 260 million for real

estate investments in Eastern and Central Europe.

Change in CEO

* On May 26, Mr. Adrian Cristea stepped down as the CEO of the holding company

RomReal Ltd. while remaining CEO of the operational company in Romania. Mr.

Cristea wants his team to commit all their available time on RomReal's

Romanian real estate operation, in particular regulation processes and sales

activities. To facilitate this sharp management focus, the Board decided on

May 26 that the Chairman of the Board; Mr. Kjetil Grønskag, takes up the

role as the holding company CEO.

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

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

27 May 2016 at 11:00 am Norwegian time. Please see attached invitation in

Norwegian.

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  ca@dnb.no or at the

telephone number

+47 24 16 92 35+47 24 16 92 35++47 24 16 92 3547 24 16 92 3547 24 16 92 35 as

availability is limited.

For further information please contact:

Harris Palaondas

RomReal Ltd - Investor Relations

+40 7311 23037+40 7311 23037

www.romreal.com

investors@romreal.com

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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