Realogy Closes Change of Control Offer for Senior Notes Issued in October

RISMEDIA, July 11, 2007—Realogy Corporation has announced the closing of its change of control offer for any and all of its outstanding $250,000,000 principal amount of Floating Rate Senior Notes due 2009, $450,000,000 principal amount of 6.15% Senior Notes due 2011 and $500,000,000 principal amount of 6.50% Senior Notes due 2016 (the “Notes”). As required by the Notes and the indenture governing the Notes, the purchase price with respect to each series of Notes equaled 100% of the principal amount of such series of Notes, plus accrued interest payable with respect to such series of Notes to July 9, 2007.

Based upon final results from the depositary for the tender offer, of the $1.2 billion aggregate principal amount of the Notes outstanding, Realogy purchased approximately $1.0 billion thereof, consisting of approximately $230,000,000 principal amount of Floating Rate Senior Notes due 2009, $324,245,000 of the principal amount of 6.15% Senior Notes due 2011 and $448,500,000 of the principal amount of 6.50% Senior Notes due 2016. Realogy effected payment of the validly tendered Notes on July 9, 2007 by depositing immediately available funds with the depositary, Wells Fargo Bank, National Association, which in turn is required to transmit payment to tendering holders of Notes. To finance the purchase of the Notes, Realogy utilized a portion of the delayed draw term loan subfacility under the senior secured credit facility it established in April 2007.

The change of control offer was made pursuant to Realogy’s obligations under the indenture governing the Notes, which requires Realogy to make an offer to purchase the Notes following a “change of control triggering event” (as defined in the indenture). A “change of control triggering event” occurred on April 10, 2007 as a result of (i) the “change of control” that resulted on that date from the consummation of Realogy’s merger with an affiliate of Apollo Management, L.P. and (ii) the lowering of the ratings for the Notes to below investment grade by both Moody’s Investors Service, Inc. and Standard & Poor’s Rating Services in March 2007.

For more information, visit www.realogy.com.