KMC Properties ASA

Share Issue/Capital Change • Dec 28, 2020

Storm Real Estate – Share capital increase registered

Storm Real Estate – Share capital increase registered

Oslo, 28 December 2020

Reference is made to the announcement published by Storm Real Estate ASA ("Storm Real Estate" or the "Company") on 23 December 2020 regarding the share capital increase in connection with settlement of Dutch properties.

The share capital increase pertaining to the issuance of 8,571,428 new shares has today been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is 48,153,062.2, divided on 240,765,311 shares with a nominal value of NOK 0.2 each.

The new shares will be placed on a separate ISIN (ISIN NO 0010915101) and not be tradable on Oslo Børs pending (i) expiry of the offer period under the mandatory offer described in the stock exchange notices published on 17 November 2020 and 22 December 2020 (the "Mandatory Offer") and (ii) approval of a prospectus to be published by Storm Real Estate. The new shares are not comprised by the Mandatory Offer.

For further information, please contact:

Charlotte Knudsen, tel. +47 9756 1959

Kristoffer Holmen, tel. +47 928 14 862

About Storm Real Estate ASA

Storm Real Estate ASA is a Norway-based investment company active in the real estate sector. The company is quoted on the main list at the Oslo Stock Exchange (ticker STORM).

About KMC Properties AS

KMC Properties is a real estate company focusing on industrial- and logistic properties. The company has a diversified real estate portfolio consisting of 39 properties in the Nordics and in the Netherlands. The properties have long lease agreements (WAULT of approx. 11.8 years) with solid tenants, strategically located to key customers and key areas for the tenants. KMC Properties has a portfolio value of approximately NOK 3 billion and an ambitious strategy to grow the portfolio. The company will grow through both expansion and development of existing properties, as well as M&A initiatives.

This information is subject of the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act.