RomReal today announces that the two banks with whom the Company has been in advanced discussions regarding project financing for the two development projects "Corallia" and "Central", have let RomReal know that due to the tight credit situation the banks are not willing to grant project financing for these two projects.
The Company is now considering alternative options regarding the two projects mentioned above.
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:
Kay Thorkildsen, Executive Chairman, Westhouse Group
Tel: +40 740095335
E-mail: investors@romreal.com