During the fourth quarter of 2020, the companies KMC Properties AS and KMC
Properties ASA (previously named Storm Real Estate ASA) were combined into an
Oslo Børs listed real estate company focusing on logistics- and industrial
properties. The portfolio consists of 40 strategically located properties with
long lease agreements and solid tenants. The company's main strategy is to
acquire, manage and develop logistics- and industrial properties.

The agreement leading to the combination of KMC Properties AS and KMC Properties
ASA included completion of several financial transactions in the fourth quarter
of 2020, including a NOK 300 million private placement, issuance of a NOK 1,850
million bond loan and acquisition (and later conversion) of a bank loan from
Swedbank, providing the company with a solid platform for growth. 

As the combination of the companies were completed late December 2020, the
financial information for the fourth quarter and full year of 2020 does not give
a clear description of the group's results for the period. However, based on
existing rental agreements and cost levels entering 2021, the company's net
operating income has an annual run rate of NOK 190 million and an EBITDA of NOK
176 million.

KMC Properties will grow through organic initiatives together with its customers
and through M&A opportunities. Currently, the company is developing a new
facility for its largest customer, the listed packaging and insulation company
BEWI ASA, at Senja in Northern Norway, in addition to several other ongoing
expansion projects. KMC Properties' M&A opportunities include properties or
property portfolios with similar key characteristics as today: Strategic
locations, long lease agreements and solid counterparts. 

With a strong financial position, a property portfolio with solid counterparts
on long lease agreements, ongoing investment projects yielding good returns and
a pipeline of M&A opportunities, KMC Properties is well positioned to deliver on
the company's ambition to double its real estate value over the next five years.

For more information, please see the interim report for the fourth quarter of
2020 attached.

For further information, please contact:
Liv Malvik, CEO of KMC Properties ASA, tel. +4748003175
Charlotte Knudsen, Communications, tel. +47 9756 1959

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
39 properties in the Nordics and the Netherlands, as well as an office building
in Moscow, Russia. 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 of the disclosure requirements of section 5-12 of
the Norwegian Securities Trading Act.