NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, INAUSTRALIA ,CANADA , THEHONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA,SOUTH AFRICA ,NEW ZEALAND ,JAPAN ORTHE UNITED STATES , OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFULOslo ,22 December 2020 . Reference is made to the stock exchange announcement published byStorm Real Estate ASA ("Storm Real Estate " or the "Company") on17 November 2020 , where the Company announced that it had entered into a transformative agreement to form a combined entity withKMC Properties ("KMC") (the "Transaction"). Reference is further made to the stock exchange announcement of20 December 2020 regarding completion of the Transaction. As referred to in the announcements, completion of the Transaction resulted in a mandatory offer obligation for each of EBE Eiendom AS ("EBE") andKverva Industrier AS ("Kverva Industrier") (jointly the "Offerors"). The Offerors are today launching a joint mandatory offer on the Company. The offer is set out in the offer document dated21 December 2020 which has been approved by Oslo Børs, in capacity as take-over supervisory authority. Key terms are: -Offer Price :NOK 7 per share - Offer Period: From and including22 December 2020 to 16:30 hours (CET) on19 January 2020 . - Receiving agents:DNB Markets ,Registrar Department andABG Sundal Collier ASA , Munkedamsveien 45E, P.O. Box 1444 Vika, N-0115Oslo, Norway , Tel: +47 22 01 60 00, Email: subscription@abgsc.no - Settlement agent:DNB Markets ,Registrar Department - The shares to be issued in connection with the Private Placement announced on14 December 2020 will not be comprised by the offer. These shares will be placed on a separate ISIN pending completion of the mandatory offer and publication of a listing prospectus for listing of the shares. The offer document will be sent to all shareholders registered in the company's shareholder register in the VPS as of the date of the offer document, who may legally receive the document. The offer document may also be obtained free of charge during ordinary business hours at the offices of either of the receiving agents,DNB Markets ,Registrar Department , Dronning Eufemias gate 30, 0191Oslo, Norway , phone: +47 23 26 81 01, e-mail: retail@dnb.no (mailto:retail@dnb.no), and or sent by mail by contacting the receiving agent. As of the launch of the mandatory offer EBE and Kverva Industrier owns shares in Storm representing 45.92% and 40.71% respectively of the share capital. The Offerors are not consolidated pursuant to section 6-5 of the Norwegian Securities Trading Act. Following completion of the mandatory offer, the Offerors intend to retain the listing ofStorm Real Estate on Oslo Børs. The Offer Document is, subject to regulatory restrictions in certain jurisdictions, available at www.dnb.no/emisjoner and www.abgsc.no. For further information, please contact: EBE Eiendom,Charlotte Knudsen , tel. +47 9756 1959 Kverva Industrier,Magnus Dybvad , tel. +47 901 12 334DNB Markets , part ofDNB Bank ASA , Tel. +47 23 26 80 20, E-mail retail@dnb.no,ABG Sundal Collier ASA , Tel: +47 22 01 60 00, Email: acceptance@abgsc.no
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