KMC Properties ASA ("KMCP" or the "Company") has agreed to acquire one Danish and three Finnish properties from BEWI ASA ("BEWI") for a total transaction value of NOK 348.3 million. The properties have a rental income of DKK 3.5 million and EUR 1.6 million, giving a gross yield of approximately 6.6 per cent, and a WAULT of 17 years. The transaction also includes a set of contractual changes on existing properties rented by BEWI. The acquisition of the four properties represent approximately one third of the value of the second tranche of the larger ongoing portfolio transaction with BEWI, scheduled for completion in June 2023, and completes the acquisition of the Nordic share of the BEWI transaction. KMCP values the Danish property at DKK 52.8 million and the three Finish properties at EUR 20.3 million, with the remaining transaction value representing five contract extensions from seven to 15 years, and a cancellation of a buy-back clause related to one of KMCP's previously acquired properties. "The key to our success is close collaboration with our tenants, creating long-term relations at mutually beneficial terms. In addition, the WAULT extension on the existing properties will have a positive effect on the ongoing refinancing of our bond" says Liv Malvik, CEO of KMC Properties. NOK 200.0 million of the transaction will be financed short term by KMCP's currently undrawn revolving credit facility, and the remaining NOK 148.3 million will be settled in new KMCP shares based on the highest of NOK 7.33 per share and today's VWAP until announcement of the transaction, but not higher than NOK 8.00 per share. The company is currently in the process of getting commitments on the long-term financing of the properties. For further information, please contact: Liv Malvik, CEO KMC Properties ASA, tel. +47 48003175 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. Information in this announcement is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act. This announcement was published by Kristoffer Holmen of KMC Properties ASA on 31 March 2023 at 15:40 CEST.