Oslo, 21 April 2026: Reference is made to the stock exchange announcement
published by KMC Properties ASA (the "Company") on 9 February 2026 regarding the
resolution by the extraordinary general meeting of the Company to approve the
statutory all-share merger pursuant to Chapter 13 of the Norwegian Public
Limited Liability Companies Act, with the Company as the surviving legal entity
(the "Merger"), and subsequent announcements regarding the retail offering in
the Company (the "Offering"). Reference is further made to the stock exchange
announcement published by the Company earlier today, on 21 April 2026, regarding
the final results of the Offering whereby a total of 273,820 shares were
allocated. 

All conditions for completion of the Merger which are outside of the merging
companies' control are now completed. Registration of the Merger, including the
issue of the consideration shares in the Merger, and the share capital increase
pertaining to the Offering with the Norwegian Register of Business Enterprises
(Nw.: Foretaksregisteret) is expected on or about 24 April 2026. Delivery of the
101,996,569 new shares issued as consideration in the Merger (the "Merger
Shares") and the 273,820 issued as part of the Offering (the "Offer Shares") are
expected on or about 27 April 2026 through the facilities of the VPS, in the
case of the Offer Shares, upon payment by the investors.

Following the issuance and delivery of the Merger Shares and the Offer Shares,
the new share capital of the combined company will be NOK 1,238,520,636, divided
into 103,210,053 shares, each with a nominal value of NOK 12, of which Bekken
Invest will hold in total 54,345,355 shares in the combined company,
representing approximately 52.66% of the total number of outstanding shares and
votes and Kastor Invest Holding AS will hold 11,121,656 shares in the combined
company, representing approximately 10.78% of the total number of outstanding
shares and votes. 
The attached forms set out details for the receipt of Merger Shares by persons
who will be primary insiders in the combined company upon the implementation of
the Merger on or about 24 April 2026, and their close associates.

For further information, please contact: 
Christian Linge, CEO 
Tel. +47 466 37 846
Email: [email protected] 

This information is subject to the disclosure requirements in Article 19 of
Regulation EU 596/2014 (the EU Market Abuse Regulation) and Section 4-2 and 5-12
of the Norwegian Securities Trading Act.