Oslo, Saturday, January 1, 2000
Stock Exchange Notification

The Board of Directors of Blom ASA decided on 3 December 2004 to execute a private placing of 546,000 new shares, each with a nominal value of NOK 0.10, corresponding to a share capital increase of 2%, at a subscription price of NOK 6.24 per share. The shares will be placed with the owners of Geonet SRL as settlement for the acquisition of 100% of Geonet SRL (ref. company disclosure of 5 November 2004). The price was derived from the closing price on 2 December 2004. The new issue will be executed in accordance with the power of attorney granted to the Board of Directors by the General Meeting on 10 August 2004. After the registration of the new issue, the number of outstanding shares in Blom ASA will be 27,271,000, each with a nominal value of NOK 0.10.
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