KMC PROPERTIES ASA – UPDATE ON THE MERGER WITH BEWI INVEST AS

Oslo, 6 March 2026: Reference is made to the stock exchange announcement published by KMC Properties ASA (the "Company") on 9 February 2026, regarding the extraordinary general meeting's (the "EGM") approval of the merger plan for a statutory all-share merger pursuant to Chapter 13 of the Norwegian Public Limited Liability Companies Act with BEWI Invest AS ("BEWI Invest"), with the Company as the surviving legal entity (the "Merger").

As part of its approval of the Merger, the EGM appointed a new board of directors for the combined company with effect from completion of the Merger, mirroring the board composition of BEWI Invest. The Company has been informed that Bernt Thoresen, Hallbjørn Berg-Hansen and Anne Strøm Nakstad have resigned from their positions on the board of directors of BEWI Invest and will accordingly not take up directorship in the combined company.

The Merger is expected to complete early Q2 2026.

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.