KMC Properties ASA

Capital/Financing Update • May 26, 2023

KMC Properties – Update on refinancing of NOK 1,850 million bond loan

KMC Properties – Update on refinancing of NOK 1,850 million bond loan

KMC Properties has a NOK 1 850 million senior secured bond loan with maturity on 11 December 2023. On 31 March 2023, the company announced that it had received committed offers from banks of NOK 315 million.

Today, KMC Properties is pleased to announce that it has received committed offers from banks for an additional NOK 750 million, reaching approximately NOK 1,065 million in committed financing.

The company continues to be in active dialogues and due diligence processes with banks and private debt providers for the remaining amount.

KMC Properties expects the new financing package required to repay the bond loan to be established by the end of the second quarter of 2023 and that the refinancing will be completed by the end of the third quarter this year. The estimated weighted average interest rate for the new financing is in the range between 300 and 330 basis points plus floating interest (3-month Nibor, 3-month Euribor, 3-month Stibor or 3-month Danish Ibor), as previously communicated.

For further information, please contact:

Kristoffer Holmen, CFO KMC Properties ASA, tel. +4792814862

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 26 May 2023 at 12:45 CEST.