Reference is made to the stock exchange notice by Storm Real Estate ASA ("Storm
Real Estate" or the "Company") on 27 November 2020, including the notice for an
extraordinary general meeting to be held on 18 December 2020. The purpose of the
meeting is the Company's agreement to form a combined entity with KMC Properties
AS, announced on 17 November 2020.

Item 8 on the agenda for the extraordinary general meeting reads:
"As a result of the Transaction and the related share issuances, there will be
substantial changes to the Company's shareholder base, which is expected to lead
to proposed changes to the Board. A proposal for new Board composition will be
made available by the nomination committee on the Company's website as soon as
it is ready."

Please find the recommendation from the nomination committee attached.

Item 11 on the agenda for the extraordinary general meeting reads:
"As a consequence of the Transaction, it may be proposed to change the Company
name. Any such proposal, if made, will include a proposal to amend section 1 of
the Company's articles of association accordingly and will be announced prior to
or at the general meeting."

The proposal is to change the name to KMC Properties ASA.

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

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.