Oslo, 23 June 2023: KMC Properties ASA (the "Company"), has mandated DNB
Markets, Pareto Securities and SpareBank 1 Markets as Joint Lead Managers to
arrange a series of fixed income investor meetings commencing Monday, 26 June
2023. 

A senior secured bond transaction of NOK 900 million (with a maximum issue
amount of NOK 1,500 million under potential subsequent tap issue) with a 3 year
tenor (the "Bond Issue") may follow, subject inter alia to market condition. As
earlier communicated, the Company has already secured commitments for long-term
bank financing of NOK 1,065 million and has recently received additional NOK 15
million extensions. The weighted average interest margin of the bank financing
commitments is 2.71 per cent plus floating interest.

Net proceeds from the ongoing financing processes will be used to refinance
existing debt, including the existing NOK 1,850 million senior secured bond with
ISIN NO0010908163 (the "Existing Bond"), clean down of current revolving credit
facility (RCF) and general corporate purposes. In connection with the Bond
Issue, the Company may offer a conditional buy-back in the Existing Bond which
will be contingent upon subscription in the Bond Issue.

KMC Properties expect the ongoing financing processes to improve the company's
overall interest margin from a weighted average of 3.49 per cent in the first
quarter 2023 plus floating interest, to a weighted interest margin of 3.00 per
cent to 3.25 per cent plus floating interest. Commitments to all ongoing
financing processes are expected to be established by the end of the second
quarter of 2023, and the refinancing is expected to be completed by the end of
the third quarter. 

For further information, please contact: 
Kristoffer Holmen, CFO KMC Properties ASA 
Tel. +47 92814862

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.

The information is such that KMC Properties ASA is required to disclose in
accordance with the EU Market Abuse Regulation. The information was submitted
for publication, through the agency of the contact person set out above, at
12:15 CET on 23 June 2023.