We have observed exclusive production of K + K − and K S O K S O pairs and the excitation of the f′(1515) tensor meson in photon-photon collisions. Assuming the f′ to be production in a helicity 2 state, we determine Λ( f ′ → γγ) B( f ′ → K K ) = 0.11 ± 0.02 ± 0.04 keV . The non-strange quark of the f′ is found to be less than 3% (95% CL). For the θ(1640) we derive an upper limit for the product Λ(θ rarr; γγ K K ) < 0.03 keV (95% CL ) .