Realogy Announces Final Results of Tender Offer

Company repurchases 37 million shares of its common stock for $851 million
Company repurchases 37 million shares of its common stock for $851 million

RISMEDIA, October 9, 2006-Realogy Corporation announced the final results of its modified ?Dutch Auction? tender offer, which expired at 5 p.m., New York City time, on Tuesday, September 26.

Realogy has accepted for purchase 37 million shares of its common stock (including the associated preferred stock purchase rights) at a price of $23 per share for a total cost of $851 million, excluding fees and expenses relating to the tender offer. These shares represent approximately 14.7% of the shares outstanding as of September 25. Realogy has been informed by Mellon Investor Services LLC, the depositary for the tender offer, that the final pro-ration factor for the tender offer is approximately 99.23%. Realogy funded the purchase of shares in the tender offer using cash on hand.

Based on the final count by the depositary (and excluding any conditional tenders that were not accepted due to the specified condition not being satisfied), 37,286,030 shares were properly tendered and not withdrawn at or below a price of $23 per share. The depositary will promptly pay for the shares accepted for purchase, and will return the 286,030 shares tendered, delivered and not accepted for purchase due to pro-ration.

Upon completion of the tender offer, Realogy has approximately 215.2 million shares of common stock outstanding.

The 37 million shares purchased through this tender offer represent a portion of Realogy?s current 48 million share repurchase program. Rule 13e-4(f) under the Securities and Exchange Act of 1934, as amended, prohibits Realogy from purchasing any shares, other than in the tender offer, prior to October 12 the 11th business day following the expiration of the tender offer.

Citigroup Corporate and Investment Banking served as the dealer manager for the tender offer. Mellon Investor Services LLC served as the depositary and information agent. Shareholders and investors who have questions or need information about the tender offer may call Mellon Investor Services LLC toll free at (888) 224-2745.

For more information about Realogy www.realogy.com.