KMC Properties ASA

Capital/Financing Update • Nov 27, 2020

Storm Real Estate ASA – Successful placement of senior secured NOK bonds

Storm Real Estate ASA – Successful placement of senior secured NOK bonds

Reference is made to the announcement dated 17 November 2020 by Storm Real Estate ASA (“Storm”) regarding the contemplated issuance of senior secured bonds and the company’s transformative agreement to form a combined entity with KMC Properties.

Storm has today successfully completed the placement of a NOK 1,850 million senior secured bond with 3 years tenor. The bond issue received solid interest from high quality institutional investors.

“By placing this bond, we secure a strong financial position enabling us to realise our growth ambitions. We have a portfolio of attractive industrial properties with solid tenants. We have an ambition to double our portfolio value within the next 5 years,” says Liv Malvik, CEO of KMC Properties. Malvik will be appointed CEO of the new combined entity following completion of the announced transaction.

An application will be made for the bond to be listed on Oslo Børs. Net proceeds from the bond issue will be used to refinance debt as part of the acquisition of KMC Properties AS and for general corporate purposes.

ABG Sundal Collier, DNB Markets and Swedbank acted as Joint Lead Managers in connection with the placement of the new bond issue.

For further information, please contact:

Liv Malvik, CEO KMC Properties AS, +47 480 03 175

Charlotte Knudsen, IR and Communications KMC Properties, tel. +47 9756 1959

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

About Storm Real Estate ASA

Storm Real Estate ASA is a Norway-based investment company active in the real estate sector. The company is quoted on the main list at the Oslo Stock Exchange (ticker STORM).

About KMC Properties AS

KMC Properties is a real estate company focusing on industrial- and logistic properties.

The company has a diversified real estate portfolio consisting of 39 properties in the Nordics and in the Netherlands. The properties have long lease agreements (WAULT of approx. 11.8 years) with solid tenants, strategically located to key customers and key areas for the tenants.

KMC Properties has a portfolio value of approximately NOK 3 billion and an ambitious strategy to grow the portfolio. The company will grow through both expansion and development of existing properties, as well as M&A initiatives.