KMC Properties ASA – Extraordinary general meeting for approval of merger plan held today

09 Feb 2026 14:30 CET

Oslo, 9 February 2026: Reference is made to the stock exchange announcement
published by KMC Properties ASA (the "Company") on 8 January 2026 regarding
signing of a merger plan together with the board of directors of BEWI Invest AS
("BEWI Invest") for a statutory all-share merger pursuant to Chapter 13 of the
Norwegian Public Limited Liability Companies Act, with the Company as the
surviving legal entity (the "Merger").

The Company has today held an extraordinary general meeting, convened to inter
alia approve the merger plan for the Merger.

All items on the agenda were resolved in accordance with the proposals from the
board of directors, including the approval of the proposed reverse share split
in the ratio 6:1, the merger plan and the related share capital increase,
amendments to the articles of association in connection with the Merger,
election of the new members of the board of directors and members to the
nomination committee with effect from the implementation of the Merger, the
share capital increase in connection with the contemplated offering in the
Company, and board authorisations to issue new shares.

The minutes from the extraordinary general meeting are attached hereto and will
also be made available on the Company's website www.kmcp.no.

An extraordinary general meeting of BEWI Invest was held following the Company's
extraordinary general meeting. That extraordinary general meeting also approved
the merger plan. 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.

For further information, please contact:
Christian Linge, CEO
Tel. +47 466 37 846
Email: christian.linge@kmcp.no

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

More information:
Access the news on Oslo Bors NewsWeb site

665182_Project Kvitebjørn - KMC Properties ASA - EGM minutes per 09.02.2026(22135846.1).pdf