KMC Properties ASA and BEWI Invest AS announce signing of a Merger Plan

08 Jan 2026 23:47 CET

KMC Properties ASA and BEWI Invest AS announce signing of a Merger Plan

The boards of directors of BEWI Invest AS ("BEWI Invest") and KMC Properties ASA
("KMCP", OSE ticker KMCP) have today signed a merger plan for a statutory
all-share merger pursuant to Chapter 13 of the Norwegian Public Limited
Liability Companies 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. BEWI Invest will dissolve
upon completion of the Merger, and the combined company will become the debtor
under the FRN senior secured NOK 1,000,000,000 bonds 2025/2029 bond with ISIN
NO0013708446 and the FRN NOK 1,200,000,000 perpetual callable hybrid bond with
ISIN NO0012514324 issued by BEWI Invest.

It is intended that the shares of the combined company shall 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.

The Merger is expected to be resolved by the general meetings of each of KMCP
and BEWI Invest on or about 9 February 2026. It is further expected that first
day of trading in the Combined Company will occur in early Q2 2026, following
completion of the Merger. Additional information about the Merger, including
conditions for completion of the Merger, can be found in the stock exchange
announcement published earlier today on KMCP's ticker.

For additional information, please contact:
Bjørnar André Ulstein, CEO, bau@bewiinvest.com

About BEWI Invest AS
BEWI Invest is a Norwegian industrial owner with a portfolio mainly comprised of
companies operating within three key segments: industrials, real estate, and
seafood. The group has a long-term perspective and has demonstrated a proven
track record of value creation and growth. Through active and responsible
ownership, BEWI Invest has been instrumental in the growth and value creation in
its portfolio companies with sustainability at the core. For more information:
www.bewiinvest.com.

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