Oslo, 19 February 2025: Reference is made to the stock exchange announcements on 17 February 2025 and 18 February 2025 regarding the disclosure of Nordika Blue AB's ("Nordika") sale of shares in KMC Properties ASA ("KMCP" or the "Company"), resulting in Nordika owning less than 5% of the total outstanding shares and votes in the Company. The Board of Directors (the "Board") of the Company has been informed by Jonas Grandér that he has decided to resign from the Board, and from Gabriel Cronstedt that he has decided to resign from the nomination committee due to Nordika now owning less than 5% of the total outstanding shares and votes in the Company. Following Jonas Grandér's resignation from the Board, the Board will comprise of Bjørnar André Ulstein (chair), Hege Buer, Marianne Bekken and Mia Arnhult. The nomination committee will comprise Finn Haugan and Andreas Akselsen following Gabriel Cronstedt's resignation. KMCP would like to thank Jonas Grandér and Gabriel Cronstedt's for their contributions to the Board and the nomination committee, respectively, and wishes them well in the future. The nomination committee will now initiate a process to ensure that the composition of the Board again will comply with the gender requirements in the Norwegian Public Limited Liability Companies Act. For additional information, please contact: Bjørnar André Ulstein +47 402 30 785 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.