KMC Properties ASA

AGM Information • Nov 4, 2024

KMC Properties ASA – The nomination committee's proposal to the extraordinary general meeting

KMC Properties ASA – The nomination committee's proposal to the extraordinary general meeting

Reference is made to the stock exchange announcement published on 22 October 2024 regarding the notice of the extraordinary general meeting in KMC Properties ASA (the "Company") to be held on 12 November 2024.

As set out in the proposal included in the notice to the extraordinary general meeting, the nomination committee has evaluated whether it should propose for the extraordinary general meeting to amend the composition of the board and to reduce the remuneration of the board members until the Company regains operational business. Following the evaluations, the nomination committee has resolved to (i) not propose any amendments of the composition of the board of directors, and (ii) reduce the remuneration to the board of directors.

The recommendation made by the nomination committee is attached hereto. The recommendation will also be made available on the Company's webpage www.kmcp.no.

For further information, please contact: Christian Linge, former CFO in the Company, tel. +47 466 37 846, email: christian.linge@kmcp.no.

This information is subject to disclosure under the Norwegian Securities Act section 5-12 and the requirements of Oslo Børs' Continuing Obligations.