KMC Properties ASA

Earnings Release • Feb 28, 2020

Storm Real Estate ASA - Interim Report H2 2019

Storm Real Estate ASA - Interim Report H2 2019

- Total Comprehensive Income of USD 0.6 million in the second half of 2019.

- NAV per share at NOK 4.7 as at 31 December 2019 (The reversed share split came into effect on 10 July 2019).

- The rental income has had a positive development during 2019 but is still too low to cover the Group’s financial obligations. Hence, the Group is dependent on a refinancing in order to avoid bankruptcy.

Interim report and presentation attached. As part of the company's cost cutting program, the company only broadcasts the presentation by video stream on the Internet.

If you wish to receive the video presentation, please email kristoffer@stormcapital.no to receive the video stream details.

For further information, please contact:

Kristoffer Holmen, interim general manager

kristoffer@stormcapital.no

Phone: +4792814862