KMC Properties ASA

Transaction in Own Shares • May 4, 2016

Storm Real Estate ASA - Sold shares in TK Development A/S

Storm Real Estate ASA - Sold shares in TK Development A/S

Reference is made to the notification on 02/05/2016

regarding sale of the company's shares in TK Development

A/S.

Storm Real Estate ASA has today sold the entire holding of

10,865,175 shares in TK Development A/S at DKK 6.25 per

share.

Due to the size of the transaction, the company will issue a

Detailed Announcement, cf Oslo Stock Exchange Continuing

Obligations section 3.4.

For further information please contact:

Erik M Mathiesen

CEO

Phone: (+44) 207 409 3375

E-mail: erik@stormcapital.co.uk

Einar Pedersen

CFO

Phone: (+44) 207 409 3369

E-mail: einar@stormcapital.co.uk