BEWI – Divestments of properties under sale-leaseback agreements

Reference is made to BEWI ASA’s announcement on 29 September 2023 regarding the company entering into agreements with KMC Properties ASA for the divestments of industrial real estates for approximately EUR 55 million. Today, BEWI announces that the divestments of all properties except one included in this transaction, are now completed.

The first part of the transaction was closed in December 2023, and divestment of an additional property was completed in March 2024. As per the end of the first quarter of 2024, approximately EUR 20 million was outstanding, of which approximately half has been completed in May.

Closing of the remaining property will take place as soon as all conditions precedents are fulfilled.

Contact:

Charlotte Knudsen, Chief Communications and IR Officer BEWI ASA, tel: +47 9756 1959

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation solutions. The company's commitment to sustainability is integrated throughout the value chain, from production of raw materials and end goods, to recycling of used products. With a vision to protect people and goods for a better every day, BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.