Oslo, 12 January 2024: Based on a request from M2 Asset Management AB ("M2"),
the fourth largest shareholder of KMC Properties ASA (the "Company"), the board
of directors of the Company has resolved to call for an extraordinary general
meeting to be held on 2 February 2024 at 14:00 (CET) to amend the composition of
the board by the appointment of a new board member.

The notice and agenda for the general meeting is attached hereto, including
further information on advance voting, power of attorney and digital
participation. The documents will also be made available on the Company's
webpage www.kmcp.no.  

M2 will, in consultation with the Company's board of directors and the
nomination committee, propose a new member to the Company's board of directors,
and in connection with this, the nomination committee will prepare a
recommendation which will be announced in a separate stock exchange announcement
at least one week prior to the extraordinary general meeting. The recommendation
will also be made available at the Company's webpage www.kmcp.no at the same
time.

For further information, please contact:
Christian Linge, Investment Manager, tel. +47 46637846

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, Belgium 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.  

This information is subject to disclosure under the Norwegian Securities Act
section 5-12 and the requirements of Oslo Børs' Continuing Obligations.

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© Oslo Bors ASA, source Oslo Stock Exchange