Bekken Invest AS ("Bekken Invest") has today acquired 2,291,155 shares in KMC
Properties ASA ( "KMCP") from its partly owned subsidiary BEWI Invest AS ("BEWI
Invest", ticker BINT) at a price per share of NOK 5.80 (the "Acquisition").

Following completion the Acquisition, BEWI Invest will not own any shares in
KMCP, while Bekken Invest will own 2,291,155 shares, equal to 46.30% of the
shares and votes in KMCP, and crossing the threshold for mandatory offers under
Section 6-1 of the Norwegian Securities Trading Act, cf. Section 6-6, and
thereby triggering an obligation to make an unconditional cash offer for the
remaining shares in KMCP not already owned by it (the "Mandatory Offer") or
reduce its shareholding to shares representing less than 1/3 of the votes in
KMCP within four weeks. 

Bekken Invest intends to make the Mandatory Offer at an offer price per share of
NOK 5.80, which is equal to the price per share in the Acquisition. The offer
period for the Mandatory Offer is expected to commence within four weeks,
following approval by the Financial Supervisory Authority of Norway (Nw.
Finanstilsynet) of an offer document prepared to comply with the requirements
regarding mandatory offers set out in Chapter 6 of the Norwegian Securities
Trading Act. KMCP has been informed about the Mandatory Offer.

KMCP is today a company with no operational activity. Bekken Invest intends for
KMCP to remain listed on Oslo Børs following the completion of the Mandatory
Offer. A continued listing of KMCP following completion of the Mandatory Offer
enables Bekken Invest to evaluate and, if appropriate, pursue a range of
strategic alternatives for the company. The Acquisition and the Mandatory Offer
are therefore made to give Bekken Invest the flexibility to use KMCP, as a
listed entity, for strategic purposes.

Advisors
Danske Bank A/S NUF and DNB Carnegie, a part of DNB Bank ASA are acting as
financial advisors to Bekken Invest in relation to the Mandatory Offer.
Advokatfirmaet Thommessen AS is acting as legal advisor.

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

Bjørnar André Ulstein, CEO of BEWI Invest AS
+47 402 30 785
bau@bewiinvest.com

Information in this announcement is considered inside information pursuant to
the EU Market Abuse Regulation (MAR) and is subject to the disclosure
requirements pursuant to MAR article 17 and Section 5-12 the Norwegian
Securities Trading Act. This announcement was published by Christian Linge, CEO
in KMC Properties ASA at 22:50 CEST on 16 September 2025. This information is
also published in accordance with the Norwegian Securities Trading Act Sections
4-2 and 6-6.