News

Oslo, Wednesday, March 30, 2011
Stock Exchange Notification
BLO – APPROVED PROSPECTUS

Reference is made to Blom’s stock exchange notices on 17 and 18 March in relation to the rights offering of a minimum of 1 and a maximum of 243 603 816 new shares at a subscription price of NOK 0.30 per share. 

The Financial Supervisory Authority of Norway (Finanstilsynet) has today approved the prospectus for the rights offering.

The subscription period is from 5 April 2011 to 19 April 2011 at 17:30 (CET). Shareholders who were registered in the company’s shareholder register in the VPS as of 23 March 2011 will receive free of charge six subscription rights for each share such shareholders were registered as owning as of such date. The subscription rights are registered at the same VPS accounts on which the shareholder’s Blom shares are registered. Each subscription right gives the right to subscribe for one new share in the rights issue.

Subscription rights may be used to subscribe for shares by completing the subscription form and sending it to Pareto Securities AS in time to be received before the end of the subscription period. Subscribers who are Norwegian citizens may also subscribe for shares through the VPS online subscription system (or by following the link on www.paretosec.no).  Further information on how to subscribe for shares is contained in the prospectus. The subscription rights will be listed on Oslo Børs during the subscription period and shareholders who do not want to exercise their subscription rights may instead sell them. Subscription rights not sold or used to subscribe for new shares before the end of the subscription period will lapse without compensation to the holder and will consequently be of no value.

Shareholders who are entitled to subscription rights will receive a letter from Blom with further information.

The prospectus and the subscription form will be available on Blom’s website www.blomasa.com and on Pareto's website www.paretosec.no from 31 March 2011.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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

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