KMC PROPERTIES ASA – AMENDMENTS TO THE BOARD OF DIRECTORS

21 Feb 2025 15:50 CET

Oslo, 21 February 2025: Reference is made to the stock exchange announcement on
19 February 2025, whereby KMC Properties ASA ("KMCP" or the "Company") announced
that Jonas Grandér and Gabriel Cronstedt had decided to resign from the board of
directors of the Company (the "Board") and the nomination committee,
respectively.

Marianne Bekken, a member of the Company's Board has in consultation with the
Board and the nomination committee decided to step down from the Board to ensure
that the composition of the Board again complies with the gender requirements in
the Norwegian Public Limited Liability Companies Act.

KMCP would like to thank Marianne Bekken for her contribution to the Board and
wishes her well in the future.

Following Marianne Bekken's resignation from the Board, the Board will comprise
of Bjørnar André Ulstein (chair), Hege Buer and Mia Arnhult.

For additional information, please contact:

Stig Wærnes
+47 915 66 386
stig.warnes@kmcp.no

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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