Stock Exchange Announcement

07 November 2008
Mr Thorkildsen appointed permanent CEO of RomReal

RomReal today announces that as part of the Company's ongoing cost reductions programme, Mr Kay Thorkildsen who is Executive Chairman of Westhouse Group, the Company's operating subsidiary in Romania, will also assume the CEO position of RomReal on a permanent basis replacing Mr Paul Bashir who has been Acting CEO since December, 2007.

 

As part of the reorganisation process, the CFO responsibilities of RomReal Ltd will be transferred to the Company's finance team in Romania. The new Investor Relation's contact will be Mr Ulf Lund, telephone number + 44 79 20501090, E-mail: info@romreal.com.

 

RomReal will publish its 3rd Quarter Report and Investor Presentation via the Oslo Axess at the start of trading on 14 November 2008 and it will also be made available at www.romreal.com.

 

 

For further information, please contact:

Kjetil Gronskag,  Chairman, RomReal Ltd.

 

Tel: +44 7767754 119.