KMC Properties ASA

Storm Real Estate ASA - Updated key information relating to the preferential rights issue

Reference is made to the notice of annual general meeting in Storm

Real Estate ASA and key information regarding the contemplated

rights offering published on 24 April 2017. Updated key information

is included below:

Key information relating to the preferential rights issue to be

carried out by Storm Real Estate ASA

Date on which the terms and conditions of the preferential rights

issue were announced: 20.04.2017

Last day including right: 6 June 2017

Ex-date: 7 June 2017

Record Date: 8 June 2017

Date of approval: 11 May 2017

Maximum number of new shares: between 2 697 263 and 70.000.000

Subscription price: Between NOK 0,40 and NOK 5

Will the rights be listed - yes/no: Yes

Other information (optional): The board has proposed an interval of

between NOK 0.40 and NOK 5 per share. The Company has entered into

guarantee agreements which implies a guaranteed subscription of up

to 48.17% of the planned rights offering of NOK 28 million. The

subscription price will be determined by the Board prior to

commencement of the subscription period. The final subscription

price and number of shares offered will be announced to the market

before the share trades exclusive of the right to participate in the

rights offering.

This information is published in accordance with the requirements of

the Continuing Obligations.

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