Reference is made to the stock exchange notice byStorm Real Estate ASA ("Storm Real Estate " or the "Company") on27 November 2020 , including the notice for an extraordinary general meeting to be held on18 December 2020 . The purpose of the meeting is the Company's agreement to form a combined entity withKMC Properties AS, announced on17 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 AboutStorm Real Estate ASA Storm Real Estate ASA is aNorway -based investment company active in the real estate sector. The company is quoted on the main list at theOslo Stock Exchange (ticker STORM). AboutKMC 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 inthe 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 approximatelyNOK 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.
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