Reference is made to the stock exchange announcement on 23 May 2025 by KMC Properties ASA (the "Company" or "KMCP") regarding a loan agreement entered into between KMCP and Bewi Invest AS ("Bewi Invest") where a total amount of NOK 4.5 million has been made available for drawdown (the "Loan"). On 22 July 2025, KMCP received a conversion notice from Bewi Invest regarding the conversion of the full loan amount of NOK 4,500,000 plus accrued interest into equity in KMCP pursuant to the conversion terms set forth in the loan agreement (the "Conversion"). The conversion price per share is NOK 0.058. As the Company does not have cash resources available to repay the Loan, and any cash repayment would have had to be financed by a share issuance, the board of directors recommends that the general meeting approves the Conversion in order for the Company to fulfill its obligations under the loan agreement. Further, and pursuant to section 4.1 of Oslo Rulebook II - Membership and Trading Rules ("Rulebook II"), the market value for shares listed on the Oslo Stock Exchange shall not be lower than NOK 1. The Company's shares have been trading lower than NOK 1 for a longer period of time than the 6-months period set out in section 4.1 of Rulebook II, and the board of directors is required to implement measures to satisfy the requirement. The board of directors therefore proposes that the general meeting resolves a reverse share split in order for the Company to satisfy this requirement. Other measures to satisfy the share price requirement is not available to the board of directors. Based on the above, the board of directors have resolved to call for an extraordinary general meeting to be held on 15 August 2025 at 10:00 hours (CEST) to resolve on the following matters: (i) a share capital increase in connection with the Conversion, (ii) a share capital increase in connection with the reverse share split, and (iii) the reverse share split. 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. Under the Company's current financial calendar, the half-yearly report will be published on 29 August 2025. To avoid subscriptions for the conversion shares in the restricted period for primary insiders of the Company and their close associates, the board of directors has decided to amend the financial calendar for the Company so that the date for publication of the half-yearly report is set to 13 August 2025. 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.