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

23/10/2014 bought 50,000 shares in Storm Real

Estate ASA at 15.00 NOK per share. Holdings after

this transaction are 240,223 shares.

Aconcagua Management Ltd, owned by board member

Morten E. Astrup, has sold 25,000 shares at NOK

15.00 per share. Holdings after this transaction

are 2,698,523 shares.

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

has sold 25.000 shares at NOK 15.00 per share.

Holdings after this transaction are 9,316 shares.

The number of shares controlled by Morten E. Astrup

via managed funds and companies now totals

4,386,806 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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