KMC Properties ASA

M&A Activity • Jan 12, 2021

KMC Properties ASA – Acceptances received under the mandatory offer

KMC Properties ASA – Acceptances received under the mandatory offer

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

Reference is made to the mandatory offer (the "Mandatory Offer") dated 21 December 2020 made by EBE Eiendom AS ("EBE") and Kverva Industrier AS ("Kverva Industrier") (jointly the "Offerors") to acquire all issued and outstanding shares in KMC Properties ASA (“KMC” or the “Company”) (OSE: KMCP), with acceptance period from and including 22 December 2020 to and including 16:30 hours (CET) on 19 January 2021.

On 12 January 2021, the Offerors received acceptance under the Mandatory Offer for 7,052 shares, corresponding to 0.0029 per cent of the share capital and voting rights in KMC. Following this, the Offerors have received acceptances for a total of 45,205 shares and votes in KMC. Together with the 95,544,391 and 81,352,880 shares owned before the Mandatory Offer by EBE and Kverva Industrier respectively, each of EBE and Kverva Industrier now owns and holds rights to a total of 95,568,350 and 81,374,126 shares respectively, equal to approximately 39.69 per cent and 33.80 per cent of the issued shares and votes in KMC respectively.

Each of EBE and Kverva Industrier are represented on the Board of Directors of KMC, thus both companies are primary insiders of the Company. The Offerors do not hold any rights to acquire shares in 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.