Oslo, 18 December 2020. Pursuant to notice of 27 November 2020, an extraordinary
general meeting in Storm Real Estate ASA was held today at 14:00 Oslo time, at
the premises of Advokatfirmaet Schjødt AS in Ruseløkkveien 12-14 in Oslo.

As follows from the attached minutes, all resolutions proposed by the board
relating to the acquisition of KMC Properties AS announced on 17 November 2020,
including the necessary share issuances and proxies related thereto, were duly
approved. 

In addition, the general meeting resolved to appoint a new board in line with
the recommendation by the nomination committee with effect from completion of
the KMC transaction, and change the company's name to KMC Properties ASA with
effect from the same time (but not earlier than 28 December 2020). 

***

For further information, please contact:
Kristoffer Holmen, tel. +47 928 14 862
Charlotte Knudsen, tel. +47 9756 1959

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.

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