BEWI Invest AS announces approval of the merger plan by the extraordinary general meeting[

09 Feb 2026 14:30 CET

Trondheim, 9 February 2026: Reference is made to the stock exchange announcement
published by BEWI Invest AS (the "Company") on 8 January 2026 regarding the
signing of a merger plan for a statutory all-share merger pursuant to Chapter 13
of the Norwegian Public Limited Liability Companies Act, with KMC Properties ASA
("KMCP") as the surviving legal entity (the "Merger").
An extraordinary general meeting of the Company was held today, at which the
shareholders of the Company resolved to approve the merger plan for the Merger.
An extraordinary general meeting of KMCP was held prior to the Company's
extraordinary general meeting. That extraordinary general meeting also approved
the merger plan and made certain resolutions to be made pursuant to the merger
plan, including inter alia appointment of a new board of directors with effect
from completion of the Merger with the same composition as the Company's board
of directors. Reference is made to the announcement by KMCP for more
information.

The Merger is expected to be completed during late Q1/early Q2 2026, following
expiry of the six weeks creditor notice period and subject to fulfilment of the
conditions for completion of the Merger as set out in the merger plan. Upon
completion of the Merger, the Company will be dissolved and deleted, 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
the Company.

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

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

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