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Regulatory press release

KMC PROPERTIES - Receipt of consideration shares by BEWI - disclosure of large shareholding

KMC Properties
Reference is made to the announcements by KMC Properties ASA (the "Company") on
31 March 2023 and 19 April 2023 regarding the acquisition of four properties
from BEWI ASA ("BEWI"), and issuance of 20,235,931 new shares in the Company
(the "Consideration Shares") to BEWI as part settlement of the acquisitions.

On 31 May 2023, BEWI received the Consideration Shares and passed the 5 per cent
threshold in the Company. Following the transaction BEWI holds 28,807,359 shares
in the Company, corresponding to approximately 8.4 per cent of the issued share
capital and votes.

About KMC Properties ASA
KMC Properties is an Oslo Børs-listed real estate company focusing on
industrial- and logistic properties. The company has a diversified portfolio of
properties in the Nordics and the Netherlands. The properties are strategically
located and have long lease agreements with solid tenants. KMC Properties has an
ambitious strategy to grow the portfolio through further development of existing
properties, as well as M&A initiatives.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities
Trading Act.
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