Oslo, 10 November 2023: The board of directors of KMC Properties ASA (the
"Company") has resolved to call for an extraordinary general meeting to be held
on 1 December 2023 at 14:00 (CET) to appoint a board member and a member of the
nomination committee, both nominated by Nordika, and to resolve a new
authorization to the board of directors to increase the share capital, all as
announced in the stock exchange announcement by the Company on 29 September 2023
regarding the acquisition of seven properties from BEWI ASA.

The notice and agenda for the general meeting is attached hereto, including
further information on advance voting, power of attorney and digital
participation. The documents will also be made available on the Company's
webpage www.kmcp.no.

In connection with the proposed amendment to the board of directors, the
nomination committee considers whether it will propose to the extraordinary
general meeting that additional amendments shall be made to the composition of
the board of directors. If the nomination committee concludes that it will
propose other changes to the board composition, the nomination committee's
recommendation will be announced in a separate stock exchange announcement at
least one week prior to the extraordinary general meeting. The recommendation
will also be made available at the Company's webpage www.kmcp.no from the same
time.

In addition, the nomination committee will prior to the extraordinary general
meeting provide information regarding which of the current members that will
resign from the nomination committee, and this will be disclosed either as part
of the recommendation as referred to above or trough a separate stock exchange
announcement, in both cases at least one week prior to the extraordinary general
meeting.

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 under the Norwegian Securities Act
section 5-12 and the requirements of Oslo Børs' Continuing Obligations.