Completion of the Merger and the Offering

Oslo, 24 April 2026: Reference is made to previous stock exchange announcements made in connection with the statutory all-share merger pursuant to Chapter 13 of the Norwegian Public Limited Liability Companies Act, with KMC Properties ASA (the "Company") as the surviving legal entity (the "Merger"), including the announcement made on 9 February 2026 regarding approval of the Merger by the extraordinary general meeting of the Company. Reference is further made to subsequent stock exchange announcement made by the Company on 31 March 2026 regarding the approval and publication of a prospectus (the "Prospectus") prepared in connection with the Merger and the retail offering (the "Offering"), as well as the announcement on 21 April 2026 regarding the final results of the Offering.

Completion of the Merger and the share capital increase pertaining to the Offering has today been registered with the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret). Consequently, the transferor has been dissolved as part of the Merger and the name of the Company has been changed to BEWI Invest ASA. Following the issuance of the 101,996,569 merger consideration shares (the "Merger Shares") to be delivered to former shareholders of the transferor, and 273,820 new shares to be delivered to applicants in the Offering (the "Offer Shares"), the new share capital of the Company is NOK 1,238,520,636, divided into 103,210,053 shares, each with a nominal value of NOK 12.

The Merger Shares will be distributed on a pro rata basis to the former shareholders of the transferor as of 24 April 2026, and are expected to be delivered in Euronext Securities Oslo (Nw.: Verdipapirsentralen) ("VPS") on or about 27 April 2026.

Delivery of the Merger Shares and the Offer Shares is expected to take place on or about 27 April 2026 through the facilities of the VPS. Please note that the Offer Shares will not be tradable for the respective applicant until payment and delivery of the Offer Shares to the applicant's VPS account. All dealings in the Offer Shares prior to settlement and delivery are at the sole risk of the parties concerned.

For further details on the Merger or the Offering, please refer to the Prospectus or contact: Bjørnar André Ulstein, CEO, bau@bewiinvest.com.

About the Company
The Company is a long-term partner for companies in industrial production, real estate and seafood. Headquartered in Trondheim, the group operates across several countries and employs thousands of professionals committed to driving sustained profitable growth and value creation within its portfolio companies. Through active and responsible ownership, the Company maintains a long-term perspective with sustainability at the core. For more information: www.bewiinvest.com.