NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S
REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES, OR ANY
OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL

Oslo, 22 December 2020

Reference is made to announcement published by Storm Real Estate ASA (the
"Company") on 14 December 2020 regarding the completion of the NOK 300 million
private placement (the "Private Placement") and the allocation of 42,857,142 new
shares.

The share capital increase pertaining to the issuance of the 42,857,142 new
shares has today been resolved and registered with the Norwegian Register of
Business Enterprises. The Company's new registered share capital is
46,438,776.60, divided into 232,193,883 shares, each with a par value of NOK
0.20.

The settlement date for the new shares is expected to be on or about 23 December
2020 on a delivery-versus-payment basis (DVP), facilitated by a prepayment
agreement between the Company and the Joint Bookrunners.

The new shares will be placed on a separate ISIN (ISIN NO 0010915101) and not be
tradable on Oslo Børs pending (i) expiry of the offer period under the mandatory
offer described in the stock exchange notices published on 17 November 2020 and
22 December 2020 (the "Mandatory Offer") and (ii) approval of a prospectus to be
published by Storm Real Estate. The new shares are not comprised by the
Mandatory Offer, and investors who are allocated offer shares in the Private
Placement will hence not be able to tender their shares in the Mandatory Offer.
The new shares are expected to be tradable on the Oslo Stock Exchange by end of
January 2021.

ABG Sundal Collier ASA and DNB Markets, a part of DNB Bank ASA (the "Joint
Bookrunners") are acting as joint bookrunners in connection with the Private
Placement.

For further information, please contact:

Charlotte Knudsen, tel. +47 9756 1959
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.

Important Notices 

This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. The
distribution of this announcement and other information may be restricted by law
in certain jurisdictions. Copies of this announcement are not being made and may
not be distributed or sent into any jurisdiction in which such distribution
would be unlawful or would require registration or other measures. Persons into
whose possession this announcement or such other information should come are
required to inform themselves about and to observe any such restrictions. 

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the offering or their
securities in the United States or to conduct a public offering of securities in
the United States. Any sale in the United States of the securities mentioned in
this announcement will be made solely to "qualified institutional buyers" as
defined in Rule 144A under the Securities Act.

In any member state of the EEA ("EEA Member State"), this communication is only
addressed to and is only directed at qualified investors in that Member State
within the meaning of the Prospectus Regulation, i.e., only to investors who can
receive the offer without an approved prospectus in such EEA Member State. The
expression "Prospectus Regulation" means Regulation 2017/1129 as amended
together with any applicable implementing measures in any Member State. 

This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as "relevant persons"). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only for
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so. 

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this announcement are
based upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and are beyond its control.


Actual events may differ significantly from any anticipated development due to a
number of factors, including without limitation, changes in investment levels
and need for the Company's services, changes in the general economic, political
and market conditions in the markets in which the Company operate, the Company's
ability to attract, retain and motivate qualified personnel, changes in the
Company's ability to engage in commercially acceptable acquisitions and
strategic investments, and changes in laws and regulation and the potential
impact of legal proceedings and actions. Such risks, uncertainties,
contingencies and other important factors could cause actual events to differ
materially from the expectations expressed or implied in this release by such
forward-looking statements. The Company does not provide any guarantees that the
assumptions underlying the forward-looking statements in this announcement are
free from errors nor does it accept any responsibility for the future accuracy
of the opinions expressed in this announcement or any obligation to update or
revise the statements in this announcement to reflect subsequent events. You
should not place undue reliance on the forward-looking statements in this
announcement.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. The Company does not undertake any obligation to review, update,
confirm, or to release publicly any revisions to any forward-looking statements
to reflect events that occur or circumstances that arise in relation to the
content of this announcement.

Neither of the Joint Bookrunners nor any of their respective affiliates makes
any representation as to the accuracy or completeness of this announcement and
none of them accepts any responsibility for the contents of this announcement or
any matters referred to herein.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities in the Company. Neither the Joint
Bookrunners nor any of their respective affiliates accepts any liability arising
from the use of this announcement.

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