KMC Properties has today reset seven interest rate swaps gaining a cash inflow of NOK 100 million. The increased cash position is earmarked to pursue new attractive growth opportunities in the current real estate market for industrial and logistics properties, supporting the company's strategy of reaching a gross asset value of NOK 8 billion by the end of 2024. KMC Properties is continuously pursuing prudent long-term value enhancing financial structures in line with its debt covenants. The seven interest rate swap agreements had an expected internal rate of return of 5.9% per cent with maturities in 2027, 2028 and 2030. New identified growth opportunities are expected to yield a higher internal rate of return at a substantially longer duration. Hence, capital reallocation represents a cost-effective way to finance growth creating long-term value for the company's shareholders. At year end 2023, KMC Properties reported a gross asset value on a proforma basis of NOK 6.6 billion, including five properties agreed to be acquired in the first half 2024. The new identified opportunities that the NOK 100 million cash inflow is intended to finance are not related to already disclosed acquisition agreements. Following the transaction KMC Properties has an unchanged interest rate hedge ratio. Attached is a detailed overview of KMC Properties updated swap agreements. For further information, please contact: Kristoffer Holmen, CFO tel. +4792814862 Christian Linge, Interim head of M&A tel. +4746637846 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, Germany 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 the disclose requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.