KMC Properties ASA

Capital/Financing Update • Mar 31, 2023

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

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

KMC Properties ASA's ("KMCP" or the "Company") NOK 1,850 million senior secured bond loan is repayable on 11 December 2023 and the Company has previously announced that a key priority for KMCP is to complete its refinancing of the bond loan.

KMCP is pleased to announce that it has received a committed offer from a bank for refinancing of approximately NOK 315 million of the bond loan and an indicative offer from other banks for approximately NOK 750 million. In addition, the Company is in active dialogues and due diligence processes with banks and private debt providers for the remaining amount.

The Company expects that the new financing package required to repay the bond loan will have been established by the end of Q2 2023 and that the weighted average interest rate for the new financing will be 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).

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 31 March 2023 at 07:00 CEST.