Reference is made to the stock exchange announcement published by KMC Properties
ASA (the "Company") on 29 September 2023 regarding the Company's acquisition of
seven properties from BEWI ASA for approximately NOK 625 million, which was
partially financed by new equity in the amount of NOK 275 million raised by the
issuance of 50,000,000 new shares in the Company (the "New Shares") to Nordika
Blue AB ("Nordika"). The New Shares were issued on 10 November 2023. 9,339,985
of the New Shares were immediately listed on the Oslo Stock Exchange, while the
remaining 40,660,015 New Shares were issued on a temporary ISIN pending the
publication of a listing prospectus for these shares.

The Financial Supervisory Authority of Norway has today, on 15 December 2023,
approved a prospectus prepared by the Company for the purpose of listing the
remaining New Shares. The Prospectus is prepared in accordance with the EU
Prospectus Regulation (Regulation (EU) 2017/1129 of the European Parliament and
of the Council of 14 June 2017 and ancillary regulation, as implemented under
Norwegian law. 

The prospectus will be made available at the Company's website at
https://www.kmcp.no/en/investors/reports+and+presentations

For further information, please contact: 
Kristoffer Holmen, CFO tel. +47 92 81 48 62

About KMC Properties ASA 

KMC Properties is an Oslo Børs-listed real estate company focusing on industrial
and logistic properties. The company has a diversified portfolio of properties
in the Nordics and the Netherlands. The properties are strategically located and
have long lease agreements with solid tenants.  KMC Properties has an ambitious
strategy to grow the portfolio through further development of existing
properties, as well as M&A initiatives. 

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