Reference is made to the announcement by KMC Properties ASA (the "Company") on
29 September 2023 regarding the acquisition of seven properties from BEWI ASA.
As further described in the announcement the acquisitions are to be partly
settled with new equity from Nordika. In connection with the acquisition, the
Company's board of directors resolved to increase the Company's share capital by
NOK 10,000,000 by issuance of 50,000,000 new shares. The share capital increase
was resolved pursuant to an authorization granted by the Company's general
meeting on 11 May 2023.

The share capital increase pertaining to the settlement has today been
registered with the Norwegian Register of Business Enterprises (Nw.:
Foretaksregisteret). Following the registration, the Company's new share capital
is NOK 78,825,916.00, divided on 394,129,580 shares, each with a par value of
NOK 0.2. Of the new shares, 40,660,015 will be issued on a temporary ISIN
blocked from trade on the Oslo Stock Exchange pending publication of a listing
prospectus.

For further information, please contact: 
Christian Linge, Investment Manager, tel. +47 46637846

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 requirements pursuant to Section 5-12
in the Norwegian Securities Trading Act.