RomReal Second Quarter 2011 Results

RomReal hereby announces the highlights in connection with the Q2 2011 results:

• Statutory Net Asset Value (NAV) under IFRS was EUR 0.63 (NOK 5.2) per share at the end of Q2 2011, a decline of 0.2% compared to the end of Q1 2011. This is solely the result of the currency translation impact from the Romanian subsidiaries in the consolidated accounts due to a 2.9% movement in the RON/EUR rate during the reporting period.
• Pre-tax loss in Q2 2011 of EUR 1.47 million. Total assets at the end of Q2 2011 were EUR 43.25 million.
• After the end of the quarter , the Company managed to  cash the majority of the outstanding balance on one of the commercial spaces in the Corallia development that was initially sold based on instalements.
• The Romanian market is making some positive steps towards improving its macro economic position with growth expected to average 1.9% in 2011 and reach 3.5% in 2012.
• The Company continues its efforts to strengthen its financial position in order to be well positioned once the market has recovered.

RomReal invites investors, analysts and media to the results conference call, to be held at 9.00 a.m. Oslo time on Friday 12th August 2011.

Those who would like to attend the conference call should dial:

The conference call will be recorded and made available to download from www.romreal.com shortly after the call has ended.

For further information, please contact:

Harris Palaondas,

Investor Relations

Mob: +40 73 11 23 037

E-mail: investors@romreal.com