Reference is made to the stock exchange announcement on 23 May 2025 by KMC
Properties ASA (the "Company" or "KMCP") regarding a loan agreement entered into
between KMCP and Bewi Invest AS ("Bewi Invest") where a total amount of NOK 4.5
million has been made available for drawdown (the "Loan"). 

On 22 July 2025, KMCP received a conversion notice from Bewi Invest regarding
the conversion of the full loan amount of NOK 4,500,000 plus accrued interest
into equity in KMCP pursuant to the conversion terms set forth in the loan
agreement (the "Conversion"). The conversion price per share is NOK 0.058. As
the Company does not have cash resources available to repay the Loan, and any
cash repayment would have had to be financed by a share issuance, the board of
directors recommends that the general meeting approves the Conversion in order
for the Company to fulfill its obligations under the loan agreement.

Further, and pursuant to section 4.1 of Oslo Rulebook II - Membership and
Trading Rules ("Rulebook II"), the market value for shares listed on the Oslo
Stock Exchange shall not be lower than NOK 1. The Company's shares have been
trading lower than NOK 1 for a longer period of time than the 6-months period
set out in section 4.1 of Rulebook II, and the board of directors is required to
implement measures to satisfy the requirement. The board of directors therefore
proposes that the general meeting resolves a reverse share split in order for
the Company to satisfy this requirement. Other measures to satisfy the share
price requirement is not available to the board of directors.

Based on the above, the board of directors have resolved to call for an
extraordinary general meeting to be held on 15 August 2025 at 10:00 hours (CEST)
to resolve on the following matters: (i) a share capital increase in connection
with the Conversion, (ii)  a share capital increase in connection with the
reverse share split, and (iii) the reverse share split. 

The general meeting will be held electronically through Lumi AGM. 

The notice and agenda of the general meeting are attached hereto. The notice and
the documents referred to therein will also be made available on the Company's
webpage www.kmcp.no.

Further information on advance voting, power of attorney and digital
participation is included in the notice. 

Under the Company's current financial calendar, the half-yearly report will be
published on 29 August 2025. To avoid subscriptions for the conversion shares in
the restricted period for primary insiders of the Company and their close
associates, the board of directors has decided to amend the financial calendar
for the Company so that the date for publication of the half-yearly report is
set to 13 August 2025.  

For further information, please contact: 
Christian Linge
Tel. + 47 466 37 846
Email: christian.linge@kmcp.no

This announcement is subject to disclosure under the Norwegian Securities Act
section 5-12 and the requirements of Oslo Børs' Continuing Obligations.