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KMC Properties ASA

Capital/Financing Update • Nov 17, 2020

3645_rns_2020-11-17_30652ac2-72ea-4c1e-b87d-8aa7bfb9ba1e.html

Capital/Financing Update

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Storm Real Estate ASA – Contemplates issuance of senior secured bonds

Reference is made to the stock exchange notice by Storm Real Estate ASA on 17 November 2020 regarding its agreement to acquire KMC Properties AS. ABG Sundal Collier, DNB Markets and Swedbank have been mandated to arrange a virtual fixed income investor roadshow commencing on 17 November 2020. A NOK 1,850 million equivalent senior secured bond transaction in NOK and/or EUR with 3 and/or 4 years tenor may follow, subject inter alia to market conditions. Net proceeds from the contemplated transaction will be used to refinance debt as part of the acquisition of KMC Properties AS and for general corporate purposes.

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For further information, please contact:

Morten E. Astrup, Storm Real Estate ASA, tel. +41 78927 8855