Realogy Corporation (NYSE: H) has announced the preliminary results of its modified "Dutch Auction" tender offer, which expired at 5 p.m., EST, on Tuesday, September 26, 2006.”?“?

Based on the preliminary count by the depositary for the tender offer, 37,510,064 shares (including the associated preferred stock purchase rights), including 10,420,196 shares that were tendered through notice of guaranteed delivery, were properly tendered and not withdrawn at a price at or below $23.00.

Based on these preliminary results, Realogy expects to acquire 37 million shares of its common stock, subject to proration, at a price of $23.00 per share for a total cost of approximately $851 million, excluding fees and expenses relating to the tender offer.

The 37 million shares expected to be purchased are comprised of the 32 million shares Realogy offered to purchase and 5 million shares to be purchased pursuant to Realogy’s right to purchase up to an additional 2 percent of the outstanding shares as of August 24, 2006, without extending the tender offer in accordance with applicable securities laws.

The shares expected to be purchased in the tender offer represent approximately 14.7 percent of the shares outstanding as of September 25, 2006. Realogy will fund the shares to be purchased in the tender offer using cash on hand.