Kristoffer Holmen, the CFO of KMC Properties has informed the CEO and the board
that he has decided to resign from his position to take the position as CFO in
Merkantilbygg. Holmen has a notice period of three months and will be leaving
the company by the end of July. He will maintain his responsibilities as CFO
until further notice.

KMC Properties will start the process to find a replacement for Holmen as soon
as practically possible. 

"We are sorry that Kristoffer has decided to pursue opportunities outside KMC
Properties. He has been instrumental in establishing KMC Properties as a
well-funded and robust Nordic real estate group, with a solid portfolio of
logistics and light industry properties. I would personally, and on behalf of
the company and our owners like to thank Kristoffer for his valuable
contributions to KMC Properties," says Liv Malvik, CEO of KMC Properties. 

Contacts:
Liv Malvik, CEO of KMC Properties, tel. +47 480 03 175

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

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