RomReal Ltd.

Earnings Release • Nov 26, 2021

RomReal: Third quarter (q3) 2021 Results and Investor Presentation

RomReal: Third quarter (q3) 2021 Results and Investor Presentation

Q3

RomReal Limited

Third Quarter 2021 Report

26 November 2021

Highlights Third Quarter 2021

Net Asset Value (NAV)

* Net Asset value was EUR 0.39 (NOK 4.10, before any tax) per share, about

6.1% higher compared to the end of the second quarter 2021.

* The year-end 2020 valuation was concluded by Knight Frank in February 2021

and therefore no further adjustments were made to the value of the

investment properties during the quarter.

Operational highlights

* During the third quarter of 2021, the Company sold a further 24 plots from

the Ovidiu Lake side project for a total consideration of EUR 2m.

Additionally, the Company entered several other pre-sale transactions for a

total consideration of EUR 4m. Total infrastructure investments by end of

3(rd) quarter 2021was EUR 3.0m.

* Following the end of Q3 2021, the Company entered 8 other sale transactions

for a consideration of EUR 0.6m for sales for which binding sales agreements

have been signed.

Financial Results

* Net Result for the quarter was EUR 903,000, compared to a EUR 13,000 loss in

3Q 2020. Net change in cash flow for the quarter was a positive EUR

2,374,000 compared to surplus of EUR 183,000 in the same period last year.

This was mainly due to the ongoing sales realised during the quarter.

* At the end of the quarter, the Company had a cash position of EUR 3.58

million plus a total of EUR 4.2 million in unsettled receivables related to

binding sales agreements, totalling EUR 7.78 million, or about EUR 0.16 per

share.

Responsibility Statement We confirm that, to the best of our knowledge, the

condensed consolidated interim financial statements for the third quarter of

2021, which have been prepared in accordance with IFRS as adopted by EU and IAS

34 Interim Financial Reporting, give a true and fair view of the Company's

consolidated assets, liabilities, financial position and results of operations.

To the best of our knowledge, the interim report for the third quarter of 2021

includes a fair review of important events that have occurred during the period

and their impact on the condensed financial statements, the principal risks and

uncertainties for the remaining period of 2021, and major related party

transactions.

November 25, 2021

The Board of Directors RomReal Limited Hamilton, Bermuda:

Kjetil Grønskag (Chairman & CEO), Bendt Thorkildsen (Director), Heidi Sørensen

Austbø (Director)and Lacramioara Isarescu (Director)

Questions should be directed to: Kjetil Grønskag: Chairman & CEO,

+44 776 775 4119

CONTACT INFORMATION

RomReal Limited

Postal address: Burnaby Building, 16 Burnaby street, Hamilton HM11, Bermuda

Telephone: Tel- +1-441-293-6268 Fax +1-441-296-3048 | www.RomReal.com

Visiting address: 54 Cuza Voda street, Constan?a, Romania

Tel: +40-241-551488         Fax: +40-241-551322

IR

Kjetil Gronskag

+44 776 775 4119| investors@RomReal.com

For further information on RomReal, including presentation material relating to

this interim report and financial information, please visit www.RomReal.com.

DISCLAIMER

The information included in this Report contains certain forward-looking

statements that address activities, events or developments that RomReal Limited

("the Company") expects, projects, believes or anticipates will or may occur in

the future. These statements are based on various assumptions made by the

Company, which are beyond its control and are subject to certain additional

risks and uncertainties. The Company is subject to a large number of risk

factors including but not limited to economic and market conditions in the

geographic areas and markets in which RomReal is or will be operating,

counterparty risk, interest rates, access to financing, fluctuations in currency

exchange rates, and changes in governmental regulations. For a further

description of other relevant risk factors, we refer to RomReal's Annual Report

for 2020. As a result of these and other risk factors, actual events and our

actual results may differ materially from those indicated in or implied by such

forward-looking statements. The reservation is also made that inaccuracies or

mistakes may occur in the information given above about current status of the

Company or its business. Any reliance on the information above is at the risk of

the reader, and RomReal disclaims any and all liability in this respect.