Oslo, Wednesday, May 30, 2012
Stock Exchange Notification

Reference is made to the stock exchange announcement 23 May 2012 regarding the completion of the financial restructuring, expected date for start of trading on a consolidated basis and conversion of debt to equity in Blom ASA (“Blom” or the “Company”).

Blom has today published a listing prospectus in connection with the listing on Oslo Børs of 31,151,253 new shares of the Company, each with a nominal value of NOK 0.50, issued in connection with the conversion of FRN Blom ASA Senior Secured Bond Issue 2009/2012 to equity on 23 May 2012.

Due to processing procedures in VPS with respect to the consolidation of shares and the subsequent share capital increase, the new shares will be delivered to the subscribers' VPS accounts before start of trading on Oslo Børs, today, on 30 May 2012. The Financial Supervisory Authority of Norway has approved the Company's prospectus and the New Shares will be tradable on Oslo Børs as of start of trading on the same date.

The Prospectus can be DOWNLOADED HERE or may be obtained at the Company’s office (Drammensveien 165, 0212 Oslo, Norway) and ABG Sundal Collier Norge ASA’s office (Munkedamsveien 45E, 0115 Oslo, Norway).

This information is subject to the disclosure requirements according to Section 5-12 of the Securities Trading Act.

For further information please contact CEO Dirk Blaauw, on tel. +47 22 13 19 20 or CFO Lars Bakklund, tel. +47 22 13 19 34.

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