KMC Properties ASA — Capital/Financing Update 2019

Aug 27, 2019

Storm Real Estate ASA - Extension of conditional agreement with Swedbank AB

Storm Real Estate ASA - Extension of conditional agreement with Swedbank AB

Oslo, 27.08.2019. Reference is given to the public announcement published on 27 June 2019, where the company informed that it had signed a conditional agreement with Swedbank AB valid until 31 August 2019.

The company has today entered into an extension of the agreement so that it now will lapse at the latest on 30 September 2019 if the conditions are not met.

If completed, it is likely that the company has a financial fundament to continue operating.

For more information, please contact:

Kristoffer Holmen, interim general manager

kristoffer@stormcapital.co.uk

Phone: +4792814862