Bewi Invest AS

Regulatory Filings • Jun 30, 2022

BEWI - Sale of industrial real estate portfolio to KMC Properties for NOK 2.0 billion

BEWI - Sale of industrial real estate portfolio to KMC Properties for NOK 2.0 billion

BEWI ASA, a leading provider of packaging, components, and insulation solutions,

has today entered into an agreement with a wholly owned subsidiary of KMC

Properties ASA ("KMC Properties") for the sale of up to 24 properties and one

land plot, with a gross asset value of up to approximately NOK 2.0 billion. In

connection with the transaction (the "Property Transaction"), long term triple

net rental agreements will be entered into for the properties.

"This divestment is in line with our strategy and similar to previous

transactions, including the divestments in the Netherlands and Denmark in 2020.

The sale of these properties provides us with a significantly strengthened

financial flexibility, enabling us to continue pursuing further attractive

growth opportunities," says Christian Bekken, CEO of BEWI ASA.

KMC Properties is under the agreement obligated to acquire the Norwegian and

Swedish properties comprised by the Property Transaction valued to approximately

NOK 970 million, including 12 properties and one land plot. Further, KMC

Properties has an exclusive right to acquire the remaining part of the

portfolio, including properties in Germany, Belgium, Poland, Finland, and

Denmark, within twelve months from today. KMC Properties intends to utilize the

exclusive right.

In October 2021, BEWI announced that the company had received acceptance from

all shareholders for its offer to acquire Jackon Holding AS. Closing of this

acquisition is pending regulatory approvals, hence completion of the Property

Transaction is subject to closing.

The real estate advisor Norion Næringsmegling has acted as advisors to BEWI in

the sales process, securing a structured and independent process. Norion has

contacted several potential buyers, based on given criteria, after which a total

of three bids were received.

"Following a thorough and structured process, KMC Properties offered us the best

overall solution. This is a complex agreement, covering many properties in

different countries, all at strategically important locations to us. We will

enter long-term lease contracts, building on years of good relations with KMC

Properties, where they have been flexible and agile when it comes to upgrades

and extensions of the facilities we operate in," Bekken concludes.

Wikborg Rein Advokatfirma AS is legal advisor to BEWI ASA in connection with the

Property Transaction.

Contact:

Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756

1959

Marie Danielsson, CFO BEWI ASA, tel: +46 70 661 00 47

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation

solutions. The company's commitment to sustainability is integrated throughout

the value chain, from production of raw materials and end goods, to recycling of

used products. With a vision to protect people and goods for a better every day,

BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.

The information is such that BEWI ASA is required to disclose in accordance with

the EU Market Abuse Regulation and is subject to the disclosure requirements

pursuant to Section 5-12 the Norwegian Securities Trading Act. The information

was submitted for publication, through the agency of the contact person set out

above, at 08:00 CEST on 30 June 2022.