NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR
ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES
DESCRIBED HEREIN.

Oslo, 20 April 2026: Reference is made to the stock exchange announcements
published by KMC Properties ASA (the "Company" or "KMCP") on 31 March 2026
regarding the approval by the Financial Supervisory Authority of Norway (Nw.:
Finanstilsynet) of a prospectus (the "Prospectus") and further on 13 April 2026
regarding the launch of a retail offering in the Company (the "Offering") and
commencement of the application period in the Offering. 

The application period in the Offering commenced at 09:00 hours (CEST) on 13
April 2026, and was originally set to expire today, at 16:30 hours (CEST) on 20
April 2026.

It has been resolved that the application period for the Offering is extended to
expire at 16:30 hours (CEST) on 21 April 2026. The Company reserves the right to
further extend the application period, at its sole discretion, provided that the
application period will in no event be extended beyond 4 May 2026. Any further
extensions will be announced through the Oslo Stock Exchange's information
system. 

The key dates in the Offering, including the expected payment and delivery date
for the Offer Shares and the expected date for commencement of trading, will be
changed as a result of this extension, as further set out below. All other terms
and conditions of the Offering set out in the Prospectus remain unchanged.

The Offering comprises an offering to the public in Norway of no less than
120,000 and up to 400,000 shares in the Company (which following completion of
the ongoing statutory merger (the "Merger"), as initially announced on 9
February 2026, will be the combined company) (the "Offer Shares"), at a fixed
offer price of NOK 25 per Offer Share. The minimum application amount in the
Offering is NOK 12,500 and the maximum application amount is NOK 200,000. The
Offering is expected to raise gross proceeds of no less than NOK 3 million and
up to NOK 10 million. 

Applications for Offer Shares must be made within the expiry of the application,
as extended, and can be made through the online subscription system of Euronext
Securities Oslo (Nw.: Verdipapirsentralen) ("VPS") or by submitting a correctly
completed application form to one of the Managers (as defined below), in
accordance with the application procedures set out in the Prospectus. Please
note that applications cannot be made through Nordnet.

More information about the Merger and the Offering is included in the Prospectus
which is, subject to regulatory restrictions in certain jurisdictions, made
available at www.danskebank.no/BEWIInvest, www.dnb.no/emisjoner, and
www.sb1markets.no/transaksjoner.

Key dates in the Offering:
* Allocation of Offer Shares and publication of the results of the Offering: On
or about 21 April 2026
* Distribution of allocation notes: On or about 22 April 2026
* Accounts from which payment will be debited in the Offering to be sufficiently
funded: On or about 23 April 2026
* Payment date in the Offering: On or about 24 April 2026

Delivery of the Offer Shares is expected to take place on or about 27 April 2026
through the facilities of the VPS. Trading in the new shares issued as
consideration in the Merger and the Offer Shares on the Oslo Stock Exchange, or
alternatively Euronext Expand, is expected to commence shortly after completion
of the Merger, on or about 27 April 2026.

Danske Bank A/S, NUF, DNB Carnegie, a part of DNB Bank ASA, and SB1 Markets AS,
are acting as managers for the Offering (the "Managers").

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

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

IMPORTANT INFORMATION 
This announcement does not constitute an offer of securities for sale or a
solicitation of an offer to purchase securities of the Company or BEWI Invest AS
("BE-IN") (being the surviving entity and the transferor, respectively, in the
Merger) in the United States or any other jurisdiction. Copies of this document
may not be sent to jurisdictions, or distributed in or sent from jurisdictions,
in which this is barred or prohibited by law. The securities of the Company and
BE-IN may not be offered or sold in the United States absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as amended
(the "U.S. Securities Act"). 

The securities of the Company and BE-IN have not been, and will not be,
registered under the U.S. Securities Act. Any sale in the United States of the
securities mentioned in this communication will be made solely to "qualified
institutional buyers" as defined in Rule 144A under the U.S. Securities Act. No
public offering of the securities will be made in the United States. 

Any offering of the securities referred to in this announcement will be made by
means of the Prospectus. This announcement is an advertisement and is not a
prospectus for the purposes of Regulation (EU) 2017/1129 of the European
Parliament and of the Council of 14 June 2017 on prospectuses to be published
when securities are offered to the public or admitted to trading on a regulated
market, and repealing Directive 2003/71/EC (as amended) as implemented in any
EEA Member State (the "Prospectus Regulation"). Investors should not subscribe
for any securities referred to in this announcement except on the basis of
information contained in the Prospectus. Copies of the Prospectus will,
following publication, be available from the Company's registered office and,
subject to certain exceptions, on the website of the Managers. 

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in qthat Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. 

In the United Kingdom, this communication is only addressed to and is only
directed at Qualified Investors who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling
within Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being referred to
as "Relevant Persons"). These materials are directed only at Relevant Persons
and must not be acted on or relied on by persons who are not Relevant Persons.
Any investment or investment activity to which this announcement relates is
available only to Relevant Persons and will be engaged in only with Relevant
Persons. Persons distributing this communication must satisfy themselves that it
is lawful to do so. 

This document is not for publication or distribution in, directly or indirectly,
Australia, Canada, Japan, the United States or any other jurisdiction in which
such release, publication or distribution would be unlawful, and it does not
constitute an offer or invitation to subscribe for or purchase any securities in
such countries or in any other jurisdiction. In particular, the document and the
information contained herein should not be distributed or otherwise transmitted
into the United States or to publications with a general circulation in the
United States of America. 

The Managers are acting for the Company in connection with the Offering and no
one else and will not be responsible to anyone other than the Company for
providing the protections afforded to their respective clients or for providing
advice in relation to the Offering or any transaction or arrangement referred to
in this announcement. 
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 "anticipate", "believe",
"continue", "estimate", "expect", "intends", "may", "should", "will" and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.


Although the Company and BE-IN believes that these assumptions were reasonable
when made, these assumptions are inherently subject to significant known and
unknown risks, uncertainties, contingencies and other important factors which
are difficult or impossible to predict and are beyond its control. Such risks,
uncertainties, contingencies and other important factors could cause actual
events to differ materially from the expectations expressed or implied in this
release by such forward-looking statements. The information, opinions and
forward-looking statements contained in this announcement speak only as at its
date and are subject to change without notice. This announcement is made by and
is the responsibility of, the Company. Neither the Managers nor any of their
affiliates makes any representation as to the accuracy or completeness of this
announcement and none of them accepts any responsibility for the contents of
this announcement or any matters referred to herein. 

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company or BE-IN. No
reliance may be placed for any purpose on the information contained in this
announcement or its accuracy, fairness or completeness. Neither the Managers nor
any of their respective affiliates accepts any liability arising from the use of
this announcement.