Storm Real Estate ASA - Related party transaction disclosure - Astrup increases holding

Aconcagua Management Ltd., 100% controlled by Morten
E. Astrup - CIO in Storm Capital Management Ltd., has
on 09/11/2010 acquired 260,000 shares in Storm Real
Estate ASA from Ørn Norden AS. Ørn Norden AS is 50%
controlled by Morten E. Astrup. The shares were
acquired at NOK 13 per share. After this transaction
Morten E. Astrup controls 3,580,462 shares via
Aconcagua Managemet Ltd., Storm Nordic Fund and AS
Bjørgvin.

This information is subject of the disclosure
requirements acc. to §5-12 (Norwegian Securities
Trading Act).