KMC Properties ASA

Storm Real Estate ASA - mandatory notification of trades

Storm Capital Partners Ltd, owned by board member Morten

E. Astrup and CEO Erik M. Mathiesen, has on 24/11/2014

bought 18,632 shares in Storm Real Estate ASA at 14.70 NOK

per share. Holdings after this transaction are 258,855

shares.

Aconcagua Management Ltd, owned by board member Morten E.

Astrup, has sold 9,316 shares at NOK 14.70 per share.

Holdings after this transaction are 2,689,207 shares.

Sisu Holding AS, owned by CEO Erik M. Mathiesen, has sold

9,316 shares at NOK 14.70 per share.

Holdings after this transaction are 0 shares.

The number of shares controlled by Morten E. Astrup via

managed funds and companies now totals 4,396,122 shares

(23.9%).

For further information, please contact:

Morten E. Astrup

Storm Capital Management Ltd.

Phone: +44 (0) 7778 888 000

Erik Mathiesen

Storm Capital Management Ltd.

Phone: +44 (0) 207 409 3375

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