RomReal Ltd.

RomReal :Conditional Land Bank Sales Agreements of EUR 17.75m to EUR 18.15m

RomReal is pleased to announce two conditional sales agreements totalling gross

EUR 17.75m to EUR18.15m before tax.

One of the two remaining development projects in Bucharest, Morii Lake, is

agreed to be sold for a gross amount of EUR 2.65m, with closing date March

31, 2017. The Buyer has provided a guarantee of about 10 per cent of the

transaction value.

Furthermore, the sale of the Mamaia North development project in Constanta,

totalling a gross EUR 15.1m to EUR 15.5m is agreed, subject to approval from

RomReal's and the Buyer's banking partner Alpha Bank. The Buyer has also

provided a non-refundable down payment.

The selling price for Mamaia North is set to increase to EUR 15.5m, if a RomReal

subsidiary is to win an on-going legal dispute with the local municipality

regarding 1,453m2 part of the plot. This transaction is expected to be financed

by taking over RomReal's mortgage loan, an initial cash payment and secured

vendor financing.

The total prices agreed after tax are around 20 per cent above the most recent

independent IFRS valuation by Knight Frank of December 2015. Knight Frank has

also commenced a similar valuation for IFRS purposes for the accounting year

Chairman/CEO Kjetil Gronskag stated the following: "Subject to closing and

payment schedule fulfilled, the transactions announced are considered game-

changing for the Company. With an unleveraged balance sheet, an attractive

remaining development portfolio and sensible liquidity status, RomReal is well

positioned to pursue various value enhancing options from a position of

strength".

For further information please contact:

Kjetil Gronskag

RomReal Chairman and CEO

+44 7767754119

Harris Palaondas

RomReal Investor Relations

+40 731123037

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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