Oslo, Saturday, January 1, 2000
Stock Exchange Notification

Blom`s many exciting business opportunities call for higher competence and a strengthened organization on all levels. Blom has therefore completed certain organizational changes.

The Board of Directors of Blom has appointed Håkon Jacobsen as new CEO/Managing Director in Blom. Jacobsen came to Blom from Accenture where he was Managing Director for Telecommunication and High Tech for Asia and the Pacific. Jacobsen is 45 years old and holds a graduate engineer degree from NTNU, Trondheim, Norway.

Dirk Blaauw will take over as Chairman of the Board. The present Chairman of the Board, Per Kyllingstad, will continue as member of the board.

The Board of Directors has decided to engage Winston Guilleroy as Advisor to the Board. Guilleroy recently held the position as Senior Vice President for NAVTEQ Consumer and Enterprise Sales. Guilleroy has lead NAVTEQ subsidiaries in Americas and EMEA, as well as lead sales and marketing for all NAVTEQ businesses in North America. NAVTEQ is the market leader within digital map information for navigation. Guilleroy has more than 20 years of sales leadership experience within technology and has worked for companies like Intermec, Weblink, Connectware and IBM.

Håkon Jacobsen`s international experience, especially within the IT/Telecom business at top management level, and Winston Guilleroy`s international sales leadership experience in the technology area will strengthen the management of
the Group especially in its focus on establishing unique databases and development of application for navigation and other location based services
related to the internet and handhold mobile units.

For further information please contact:

CFO Jan Erik Braathen on tel. +47 22 13 19 24.

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