NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, HONG KONG, SOUTH KOREA, NEW
ZEALAND, SOUTH AFRICA, JAPAN, THE PHILIPPINES OR ANY OTHER JURISDICTION IN WHICH
THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Oslo, 9 October 2025. 

Reference is made to the announcement on 16 September 2025 regarding the
acquisition by Bekken Invest AS ("Bekken Invest" or the "Offeror") of 2,291,155
shares in KMC Properties ASA ("KMCP" or the "Company"), equivalent to 46.30% of
the shares and votes  in the Company, and that the Offeror would launch an
unconditional mandatory cash offer for the remaining issued and outstanding
shares in the Company (the "Shares") pursuant to Chapter 6 of the Norwegian
Securities Act (the "Mandatory Offer"). 

The offer document for the Mandatory Offer (the "Offer Document") was approved
by the Financial Supervisory Authority of Norway in its capacity as takeover
supervisory authority today, on 9 October 2025.
The offer price in the Mandatory Offer is NOK 5.80 per Share. The acceptance
period in the Offer will commence at 09:00 hours (CEST) tomorrow, on 10 October
2025, and will expire at 16:30 (CET) on 7 November 2025 (unless extended) (the
"Offer Period"). The terms and conditions for the Offer, including procedures
for how to accept the Offer, are set out in the Offer Document. The Offer can
only be accepted on the basis of the Offer Document, and will not be made in any
jurisdictions in which the making of the Offer would not be in compliance with
the laws of such jurisdiction. 

The Offer Document will be sent to all shareholders registered in the Company's
shareholder register in Euronext Securities Oslo as of 9 October 2025, in
jurisdictions where the Offer Document may be lawfully distributed. Subject to
regulatory restrictions in certain jurisdictions, the Offer Document is also
available digitally at www.dnb.no/emisjoner and www.danskebank.no/KMCP and may
be obtained free of charge at the offices of the DNB Carnegie, part of DNB Bank
ASA ("DNB Carnegie" or the "Receiving Agent") at Dronning Eufemias Gate 30, 0191
Oslo, Norway, during ordinary office hours. 

For information about procedures for accepting the Offer, please refer to
Section 3.5 of the Offer Document. Questions regarding the procedure for
accepting the Offer can be directed to the Receiving Agent at telephone +47 91
50 48 00 or by e-mail to retail@dnb.no. 

Advisors
Danske Bank A/S NUF and DNB Carnegie are acting as financial advisors in
connection with the Offer, while DNB Carnegie is also acting a Receiving Agent
in connection with the settlement of the Offer. Advokatfirmaet Thommessen AS is
acting as legal advisor to Bekken Invest in connection with the Offer.

For further information, please contact the Offeror at:
Karl-Erik Bekken, CEO of Bekken Invest AS 
+47 948 96 415 
karl.bekken@bewiinvest.com 

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

About Bekken Invest
Bekken Invest is an industrial holding company with a portfolio primarily
consisting of companies in the industries of manufacturing, real estate, and
seafood. Bekken Invest has an office in Trondheim and employs two people. The
company takes a long-term perspective on all its investments. Through active and
responsible ownership, Bekken Invest has played a central role in the growth and
value creation of its portfolio, where sustainability also plays a significant
role. 

Important notice
The Offer and the distribution of this announcement and other information in
connection with the Offer may be restricted by law in certain jurisdictions. The
Offer Document and related acceptance forms are not and may not be distributed,
forwarded or transmitted into or within any jurisdiction where prohibited by
applicable law, including, without limitation, Canada, Australia, Hong Kong,
South Korea, New Zealand, South Africa, Japan and the Philippines. The Offeror
does not assume any responsibility in the event there is a violation by any
person of such restrictions. Persons in the United States should review "Notice
to U.S. Holders" below. Persons into whose possession this announcement or such
other information should come are required to inform themselves about and to
observe any such restrictions. 

This announcement is for information purposes only and is not a tender offer
document and, as such, is not intended to and does not constitute or form any
part of an offer or the solicitation of an offer to purchase, otherwise acquire,
subscribe for, sell or otherwise dispose of any securities, or the solicitation
of any vote or approval in any jurisdiction, pursuant to the Offer or otherwise.
Investors may accept the Offer only on the basis of the information provided in
the Offer Document. Offers will not be made directly or indirectly in any
jurisdiction where either an offer or participation therein is prohibited by
applicable law or where any tender offer document or registration or other
requirements would apply in addition to those undertaken in Norway.

Shareholders of KMCP must rely upon their own examination of the Offer Document.
Each shareholder should study the Offer Document carefully in order to be able
to make an informed and balanced assessment of the Offer and the information
that is discussed and described therein. Shareholders should not construe the
contents of this announcement as legal, tax or accounting advice, or as
information necessarily applicable to each shareholder. Each shareholder should
seek independent advice from its own financial and legal advisors prior to
making a decision to accept the offer. 

No profit forecasts or estimates 
No statement in this announcement is intended as a profit forecast or profit
estimate and no statement in this announcement should be interpreted to mean
that earnings or earnings per Share for the current or future financial years
would necessarily match or exceed the historical published earnings or earning
per Share.

Forward-looking statements
Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. By their nature, forward-looking statements involve risk
and uncertainty because they reflect the companies' current expectations and
assumptions as to future events and circumstances that may not prove accurate. A
number of material factors could cause actual results and developments to differ
materially from those expressed or implied by these forward-looking statements.
No assurance can be given that such expectations will prove to have been
correct. The information, opinions and forward-looking statements contained in
this announcement speak only as at its date and are subject to change without
notice. The Offeror undertakes no obligation to review, update, confirm, or to
release publicly any revisions to any forward-looking statements to reflect
events that occur or circumstances that arise in relation to the content of this
announcement or otherwise.

Notice to U.S Holders
U.S. Holders (as defined below) are advised that the Shares are not listed on a
U.S. securities exchange and that the Company is not subject to the periodic
reporting requirements of the U.S. Securities Exchange Act of 1934, as amended
(the "U.S. Exchange Act"), and is not required to, and does not, file any
reports with the U.S. Securities and Exchange Commissions (the "SEC")
thereunder. The offer will be made to holders of Shares resident in the United
States ("U.S. Holders") on the same terms and conditions as those made to all
other holders of Shares of the Company to whom an offer is made. Any information
documents, including the Offer Document, will be disseminated to U.S Holders on
a basis comparable to the method that such documents are provided to the
Company's other Shareholders to whom an offer is made. The Offer will be made by
the Offeror and no one else. 

The Offer is made to U.S. Holders pursuant to Section 14(e) and Regulation 14E
under the U.S. Exchange Act as a "Tier I" tender offer, and otherwise in
accordance with the requirements of Norwegian law. Accordingly, the Offer is
subject to disclosure and other procedural requirements timetable, settlement
procedures and timing of payments, that are different from those that would be
applicable under U.S. domestic tender offer procedures and law. 

Pursuant to an exemption from Rule 14e-5 under the U.S. Exchange Act, the
Offeror and its affiliates or brokers (acting as agents for the Offeror or its
affiliates, as applicable) may from time to time, and other than pursuant to the
Offer, directly or indirectly, purchase or arrange to purchase, Shares or any
securities that are convertible into, exchangeable for or exercisable for such
Shares outside the United States during the period in which the Offer remains
open for acceptance, so long as those acquisitions or arrangements comply with
applicable Norwegian law and practice and the provisions of such exemption. To
the extent information about such purchases or arrangements to purchase is made
public in Norway, such information will be disclosed by means of an English
language press release via an electronically operated information distribution
system in the United States or other means reasonably calculated to inform U.S.
Holders of such information. In addition, the financial advisors to the Offeror
may also engage in ordinary course trading activities in securities of the
Company, which may include purchases or arrangements to purchase such
securities. 

Danske Bank A/S NUF and DNB Carnegie are acting exclusively for Bekken Invest
and no one else in connection with the Offer and will not regard any other
person (whether or not a recipient of this announcement) as a client in relation
to the Offer and will not be responsible to anyone other than the Offeror for
providing the protections afforded to the clients of Danske Bank A/S NUF and DNB
Carnegie nor for giving advice in relation to the transaction or any other
arrangement referred to in this announcement.