KMC PROPERTIES – SHARE CAPITAL INCREASE RELATED TO ISSUING OF UNDERWRITING COMMISSION SHARES

02 Dec 2022 14:14 CET

Reference is made to KMC Properties ASA's ("KMC Properties" or the "Company")
announcement on 3 November 2022 regarding the completion of a private placement
of 37,500,000 new shares at a price per new share of NOK 8.00 (the "Offer
Price"), raising gross proceeds of NOK 300 million (the "Private Placement").

As described in the announcement of 3 November 2022 the underwriters and the
pre-committed shareholders in the Private Placement are entitled to receive a 4
per cent underwriting commission based on the sum of their commitment (i.e. a
total of NOK 350 million), and the Company's obligation to pay the underwriting
commission is to be settled by issuance of 1,750,000 new shares at the Offer
Price.

To settle the underwriting commission the board of directors of the Company has
today resolved to increase the Company's share capital by NOK 350,000 by
issuance of 1,750,000 new shares (the "Underwriting Commission Shares") pursuant
to an authorisation granted by the Company's ordinary general meeting on 1 June
2022. The Underwriting Commission Shares are issued at a subscription price of
NOK 8.00.

Following registration of the share capital increase with the Norwegian Register
of Business Enterprises, the Company will have a share capital of NOK
64,778,729.80 divided into 323,893,649 shares, each with a par value of NOK
0.20.

The following close associates of primary insiders in the Company were allocated
Underwriting Commission Shares:

Aglen Holding AS, close associate of chairman of the board of directors and
primary insider Pål Magnus Aglen, was allocated 32,499 Underwriting Commission
Shares;

Banan II AS, a close associate of board member and primary insider Nini
Nergaard, was allocated 15,999 Underwriting Commission Shares;

BEWI Invest AS, the largest shareholder and close associate of board member and
primary insider Stig Wærnes, was allocated 896,505 Underwriting Commission
Shares; and

Kastor Invest AS, a close associate of board member and primary insider John
Thoresen, was allocated 99,999 Underwriting Commission Shares.

Please refer to the attached notifications of trading for further details.

For further information, please contact:
Charlotte Knudsen, IR and Communications KMC Properties ASA, tel. +47 97561959

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, mainly 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, cf. Section 4-2

More information:
Access the news on Oslo Bors NewsWeb site

577324_Appendix - Notification of transactions by Close Associates (Banan II AS).pdf
577324_Appendix - Notification of transactions by Close Associates (BEWI Invest AS).pdf
577324_Appendix - Notification of transactions by Close Associates (Aglen Holding AS).pdf
577324_Appendix - Notification of transactions by Close Associates (Kastor Invest AS).pdf