KMC Properties ASA

Declaration of Voting Results & Voting Rights Announcements • Jan 19, 2021

KMC Properties ASA – Final results of mandatory offer and mandatory trade notifications

KMC Properties ASA – Final results of mandatory offer and mandatory trade notifications

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

19 January 2021.

Reference is made to the mandatory offer (the "Mandatory Offer") dated 21 December 2020 made by EBE Eiendom AS and Kverva Industrier AS (jointly the "Offerors") to acquire all issued and outstanding shares in KMC Properties ASA (“KMC” or the “Company”) (OSE: KMCP). The Mandatory Offer expired today, 19 January 2021, at 16:30 (CET).

On 19 January 2021, the Offerors received acceptance under the Mandatory Offer for 96,026 shares, corresponding to 0.0399 per cent of the share capital and voting rights in KMC. The Offerors have also received withdrawals of previous acceptances for 11,829 shares, corresponding to 0.0049 per cent of the share capital and voting rights in KMC. In total, the Offerors had at the time of expiry of the Mandatory Offer, received acceptances for a total of 149,369 shares and votes in KMC, corresponding to 0.062 per cent of the share capital and voting rights in KMC.

As a result of the Mandatory Offer and additional share purchases agreed today, EBE Eiendom AS will acquire 4,493,929 shares and Kverva Industrier AS will acquire 1,363,329 shares in the Company, all at NOK 7 per share. This includes a sale by Surfside Holding AS, a company wholly owned by Morten E. Astrup, of 2,857,142 shares in the Company, of which 1,564,016 shares are acquired by EBE Eiendom AS and 1,293,126 shares are acquired by Kverva Industrier AS.

Following completion of the Mandatory Offer and these transactions, EBE Eiendom AS will hold 100,038,320 shares in the Company corresponding to 41.55 per cent of the share capital and voting rights, Kverva Industrier AS will hold 82,716,209 shares in the Company corresponding to 34.36 per cent of the share capital and voting rights, and Morten E. Astrup will, through Surfside Holding AS and Aconcagua Management Ltd, hold 22,727,935 shares in the Company corresponding to 9.44 per cent of the share capital and voting rights.

EBE Eiendom AS and Kverva Industrier AS are both represented on the Board of Directors of KMC. Morten E. Astrup serves on the Board of Directors of KMC.

For further information, please contact:

Charlotte Knudsen, tel. +47 9756 1959.

This information is subject of the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act.

About KMC Properties ASA KMC Properties is a real estate company focusing on industrial- and logistic properties. The company has a diversified portfolio consisting of 39 properties in the Nordics and in the Netherlands, as well as an office building in Moscow, Russia. The properties have long lease agreements with solid tenants. The company has an ambitious strategy to grow the portfolio through further development of existing properties, as well as M&A initiatives.