KMC Properties ASA

Earnings Release • May 7, 2014

Storm Real Estate ASA - Results for Q1 2014

Storm Real Estate ASA - Results for Q1 2014

- Total Comprehensive Income of USD 0.9 million in Q1.

- NAV per share at NOK 25.73.

For further information, please contact:

Erik Mathiesen, CEO

Storm Capital Management Ltd.

erik@stormcapital.co.uk

Phone: +44 (0) 207 409 3375

Einar Pedersen, CFO

Storm Capital Management Ltd.

einar@stormcapital.co.uk

Phone: +44 (0) 207 409 3369