Reference is made to the stock exchange announcement published on Friday 15
August 2025, regarding the resolutions made by the extraordinary general meeting
of KMC Properties ASA ("KMCP") to (i) issue 78,094,600 new shares (the
"Conversion Shares") to BEWI Invest AS ("BEWI Invest", ticker BINT) in
connection with the conversion of a shareholder loan in the amount of NOK 4.5
million (plus accrued interest) provided by BEWI Invest, (ii) issue 24 new
shares ("Additional Shares" and, together with the Conversion Shares, the "New
Shares") to BEWI Invest for purposes of facilitating a reverse share split, and
(iii) carry out a reverse share split.

BEWI Invest, being a close associate of primary insider Bjørnar André Ulstein
(chair of the KMCP board of directors), has subscribed for the New Shares, at a
subscription price of NOK 0.058 per Conversion Share and NOK 0.02 per Additional
Share. For further details about the subscription of the New Shares, please
refer to the attached form. 

Following the issuance of the New Shares, BEWI Invest will have a total
shareholding in KMCP of 229,115,579 shares, representing approx. 46.30% of the
issued shares and votes. Following completion of the reverse share split
resolved by the shareholders of KMCP, BEWI Invest will hold 2,291,155 shares in
KMCP, still representing approx. 46.30% of the issued shares and votes. 

Thus, the 40% threshold for presenting a mandatory offer under Section 6-6 of
the Norwegian Securities Trading Act being crossed. BEWI Invest will, within the
four weeks' period pursuant to Section 6-9, cf. Section 6-8, of the Norwegian
Securities Trading Act, sell shares in KMCP to reduce its shareholding below the
mandatory offer threshold. BEWI Invest will accordingly not make any mandatory
offer for the remaining shares in KMCP.

This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) Article 19, Section 6-6 cf. Section 6-8 of the Norwegian
Securities Trading Act, and Section 5-12 of the Norwegian Securities Trading
Act.