NOT FOR DISTRIBUTION, RELEASE OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO
ANY JURISDICTION IN WHICH THE DISTRIBUTION, RELEASE OR PUBLICATION WOULD BE
UNLAWFUL OR REQUIRE PRIOR APPROVAL.

The boards of directors of KMC Properties ASA ("KMCP") and BEWI Invest AS ("BEWI
Invest", OSE ticker: BINT) have today signed a merger plan (the "Merger Plan")
for a statutory all-share merger pursuant to Chapter 13 of the Norwegian Public
Limited Liability Companies Act (the "PLC Act"), with KMCP as the surviving
legal entity (the "Merger"). KMCP will, upon completion of the Merger, acquire
and assume all assets, rights and obligations of BEWI Invest, in exchange for
the shareholders of BEWI Invest receiving new shares in KMCP as merger
consideration (the "Merger Consideration"). The combined entity following
completion of the Merger is referred to herein as the "Combined Company". It is
intended that the Combined Company remain listed on Euronext Oslo Børs,
alternatively Euronext Expand, under the company name "BEWI Invest ASA". The
purpose of the Merger is to facilitate a listing of the business of BEWI Invest
on Euronext Oslo Børs, alternatively Euronext Expand, through the Combined
Company.

To facilitate a capital structure suitable for the Combined Company after
completion of the Merger, and to ensure a minimum market value of the shares in
the Combined Company of minimum NOK 10.00, the board of directors of KMCP has
resolved to propose that the general meeting of KMCP resolves to carry out a
reverse share split (share consolidation) in the ratio 6:1 (the "Reverse Share
Split"). Subject to completion of the Reverse Share Split, KMCP will have
939,664 shares in issue, each with a nominal value of NOK 12.00.

For the purpose of the Merger, the parties have agreed on a value of KMCP of NOK
32,700,307.20, i.e. NOK 34.80 per share (following the Reverse Share Split),
which reflects the price per share of NOK 5.80 offered by Bekken Invest AS in
the mandatory offer for KMCP dated 9 October 2025. Further, the parties have
agreed on a value of BEWI Invest of NOK 3,549,480,601.20, i.e. NOK 270.77 per
share in that company. The value of BEWI Invest is based on (i) an agreed value
for BEWI Invest's shareholding in BEWI ASA based on historical trading prices
and a control premium