Reference is made to the stock exchange announcement published earlier today on 2 October 2025 by KMC Properties ASA (the "Company" or "KMCP") regarding a potential statutory all-share merger pursuant to Chapter 13 of the Norwegian Public Limited Liability Companies Act (the "PLC Act") upon which KMCP shall be the surviving legal entity and acquire and assume all assets, rights and liabilities of BEWI Invest ASA ("BEWI Invest") (the "Merger").
To facilitate the Merger and fund the costs relating thereto, it is intended that KMCP shall carry out an equity raise of approx. NOK 4 million in a private placement of new shares directed at Bekken Invest AS ("Bekken Invest") at a subscription price of NOK 5.80 per share. Further, Bekken Invest has proposed that the chair of KMCP's board of directors, Bjørnar André Ulstein, shall be replaced by a new chair who is independent from BEWI Invest and Bekken Invest, and that the composition of the nomination committee shall be amended.
Based on the above, the board of directors have resolved to call for an extraordinary general meeting to be held on 23 October 2025 at 10:00 hours (CEST) to resolve on the following matters: (i) a share capital increase, (ii) election of a new chair, (iii) determination of remuneration to the board, (iv) amendments to the nomination committee, and (v) amendment of the articles of association.
The recommendation of the nomination committee will be announced by a separate stock exchange announcement and made available on the Company's webpage www.kmcp.no at least one week prior to the annual general meeting.
The general meeting will be held electronically through Lumi AGM.
The notice and agenda of the general meeting are attached hereto. The notice and the documents referred to therein will also be made available on the Company's webpage www.kmcp.no.
Further information on advance voting, power of attorney and digital participation is included in the notice.
For further information, please contact:
Christian Linge
Tel. + 47 466 37 846
Email: christian.linge@kmcp.no
This announcement is subject to disclosure under the Norwegian Securities Act section 5-12 and the requirements of Oslo Børs' Continuing Obligations.