Oslo, Friday, September 30, 2011
Stock Exchange Notification
BLO – Extension of maturity of bond loan to 3 years

Blom has previously announced that it has been in a constructive dialogue with the Bond Trustee and certain of its bondholders to find a more long-term solution to its debt structure. Such a solution has now been found and it is proposed to extend the maturity of the bond loan "FRN Blom ASA Senior Secured Bond Issue 2009/2012" from 25 September 2012 to 25 September 2014.

The summons to the Bondholder meeting, which includes further details on the proposed solution, can be found at Bondholders representing more than 50% of the bond loan have undertaken to vote in favour of the solution.

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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