RomReal Ltd.

Report Publication Announcement • May 28, 2015

RomReal : First Quarter (Q1) 2015 Report and Investor Presentation.

RomReal : First Quarter (Q1) 2015 Report and Investor Presentation.

RomReal hereby announces the highlights of the first quarter (Q1) 2015 in

relation to the attached first quarter 2015 report and investor presentation:

Net Asset Value (NAV)

* Net Asset value was EUR 0.48 (NOK 4.04) per share at the end of Q1 2015, a

decrease of 1.2% compared to the end of Q4 2014.

Operational highlights

* The Company continues to upgrade its land bank with new permits and project

plans. Following the end of the quarter, in April, the Company closed as

planned the sale of its plot in Brasov and collected the outstanding balance

of the selling price. The amount of EUR 850,000 was used to reduce the

outstanding loan with Alpha Bank.

Macro and real estate market highlights

* Romania's GDP increased 2.9% in 2014, and 4.3% in Q1 2015 (compared to same

period of last year), continuing the country's strong growth record. The

amount of non-Performing Loans ("NPLs") started to fall, following proactive

policies by the National Bank, but full corporate restructuring is still not

taking place; following a further cut in the interest rate by the National

Bank to 1.75% in May (down from 2%) as well a reduction in minimum reserve

requirements for RON from 10% to 8%, it is expected rates will go further

down.

* The European Commission recently raised its forecast for Romania's economic

growth to 2.8% for 2015 and 3.3% for 2016 (vs 2.7% and 2.9% in previous

estimate), as a result of strong private consumption and recovering

investment.

* The Romanian real estate market started into 2015 with optimism. A

significant increase was registered especially on the office and investment

segments, according to the Romania 2014 Real Estate Market Review recently

published by Colliers International.

* In 2014, commercial real estate investments reached EUR 1.2 billion compared

to EUR 0.35 billion for 2013, while in the commercial rent segment, the net

take-up increased with 30 per cent.

* Building permits in Romania increased 3.1% in the first quarter in the

residential market. Apartment prices in the Company's core Constanta market

increased 4% during the quarter.

RomReal invites investors, analysts and media to a conference call, to be held

on Friday, 29 May 2015, at 9.00 a.m. Oslo time. Those who would like to attend

the conference call are invited to dial:

Participant Joining Details

UK Freefone: 0800 389 7473

UK Direct: 01296 480 180

International direct: +44 1296 480 180

Global Access Numbers: http://www.btconferencing.com/globalaccess/?bid=54_auto

mated

Global Access Numbers are in-country toll free or local dial-in numbers for

this conference. Give this URL to anyone -- both speakers and participants --

joining the conference so they can find the appropriate in-country dial-in

number. You can also use these Global Access dial-in numbers if you are

travelling.

Passcode: 972 975#

For further information please contact:

Harris Palaondas

RomReal Ltd - Investor Relations

+0040731123037www.romreal.com

investors@romreal.com

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1924604]