Oslo, 23 June 2023: KMC Properties ASA (the "Company"), has mandated DNB Markets, Pareto Securities and SpareBank 1 Markets as Joint Lead Managers to arrange a series of fixed income investor meetings commencing Monday, 26 June 2023. A senior secured bond transaction of NOK 900 million (with a maximum issue amount of NOK 1,500 million under potential subsequent tap issue) with a 3 year tenor (the "Bond Issue") may follow, subject inter alia to market condition. As earlier communicated, the Company has already secured commitments for long-term bank financing of NOK 1,065 million and has recently received additional NOK 15 million extensions. The weighted average interest margin of the bank financing commitments is 2.71 per cent plus floating interest. Net proceeds from the ongoing financing processes will be used to refinance existing debt, including the existing NOK 1,850 million senior secured bond with ISIN NO0010908163 (the "Existing Bond"), clean down of current revolving credit facility (RCF) and general corporate purposes. In connection with the Bond Issue, the Company may offer a conditional buy-back in the Existing Bond which will be contingent upon subscription in the Bond Issue. KMC Properties expect the ongoing financing processes to improve the company's overall interest margin from a weighted average of 3.49 per cent in the first quarter 2023 plus floating interest, to a weighted interest margin of 3.00 per cent to 3.25 per cent plus floating interest. Commitments to all ongoing financing processes are expected to be established by the end of the second quarter of 2023, and the refinancing is expected to be completed by the end of the third quarter. For further information, please contact: Kristoffer Holmen, CFO KMC Properties ASA Tel. +47 92814862 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. The information is such that KMC Properties ASA is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12:15 CET on 23 June 2023.