KMC Properties ASA

Director's Dealing • May 30, 2014

Storm Real Estate ASA - mandatory notification of trade

Storm Real Estate ASA - mandatory notification of trade

Storm Capital Partners Ltd (formerly Surfside Ventures

Ltd), owned by primary insiders Morten E. Astrup and

Erik M. Mathiesen, have on 28 May 2014 bought 40,000

shares in Storm Real Estate ASA at a price of 17.40

NOK per share.

- Sisu Holding AS, owned by Erik M. Mathiesen, has

sold 20.000 shares to Storm Capital Partners Ltd.

- Acongagua Management Ltd, owned by Morten E. Astrup,

has sold 20.000 shares to Storm Capital Partners Ltd.

Holdings after this:

- Storm Capital Partners Ltd's holding after this is

120,223 shares.

- Sisu Holding AS' holding after this is 69,316

shares.

- The total number of shares controlled by Morten E.

Astrup via managed funds and companies now totals

4,316,306 shares (23.5%).

For further information, please contact:

Morten E. Astrup

Storm Capital Management Ltd.

morten@stormcapital.co.uk

Phone: +44 (0) 7778 888 000

Erik Mathiesen

Storm Capital Management Ltd.

erik@stormcapital.co.uk

Phone: +44 (0) 207 409 3375