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ROYALE INVESTMENTS COMPLETES OFFERING OF 710,000 SHARES OF COMMON STOCK

 MINNEAPOLIS, July 1 /PRNewswire/ -- Royale Investments, Inc., (NASDAQ: RLIN) announced today that it completed a public offering of 710,000 shares of common stock, and received proceeds of $6,368,700.
 The company offered the shares at $9.75 per share on June 23 through underwriters led by John G. Kinnard & Co., Inc., and Miller, Johnson & Kuehn, Inc.
 Royale Investments is a Minneapolis-based real estate investment trust organized to acquire primarily food-related income-producing properties. Royale owns two Cub Foods Stores and intends to use the proceeds from this offering, along with mortgage financing to be obtained, to buy additional supermarkets in 1993.
 The company's common shares have been traded in the NASDAQ Small-Cap market under the symbol RLIN since its initial public offering in December 1991.
 -0- 7/1/93
 /CONTACT: Tom Langenfeld of Swenson Falker Eilertsen Inc., 612-371-0000, for Royale Investments; or Vernon R. Beck of Royale Investments, 612-920-4078/
 (RLIN)


CO: Royale Investments, Inc. ST: Minnesota IN: FIN SU: OFR

AL -- MN007 -- 7642 07/01/93 10:58 EDT
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Publication:PR Newswire
Date:Jul 1, 1993
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