Oslo, 19 February 2025: Reference is made to the stock exchange announcements on
17 February 2025 and 18 February 2025 regarding the disclosure of Nordika Blue
AB's ("Nordika") sale of shares in KMC Properties ASA ("KMCP" or the "Company"),
resulting in Nordika owning less than 5% of the total outstanding shares and
votes in the Company.

The Board of Directors (the "Board") of the Company has been informed by Jonas
Grandér that he has decided to resign from the Board, and from Gabriel Cronstedt
that he has decided to resign from the nomination committee due to Nordika now
owning less than 5% of the total outstanding shares and votes in the Company. 

Following Jonas Grandér's resignation from the Board, the Board will comprise of
Bjørnar André Ulstein (chair), Hege Buer, Marianne Bekken and Mia Arnhult. 

The nomination committee will comprise Finn Haugan and Andreas Akselsen
following Gabriel Cronstedt's resignation.

KMCP would like to thank Jonas Grandér and Gabriel Cronstedt's for their
contributions to the Board and the nomination committee, respectively, and
wishes them well in the future.

The nomination committee will now initiate a process to ensure that the
composition of the Board again will comply with the gender requirements in the
Norwegian Public Limited Liability Companies Act. 

For additional information, please contact:

Bjørnar André Ulstein 
+47 402 30 785

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