News

Oslo, Wednesday, April 20, 2011
Stock Exchange Notification
PRELIMINARY RESULT OF RIGHTS ISSUE IN BLOM ASA

Subject to the final allocation, the preliminary result of the pre-emptive rights issue in Blom ASA shows a total subscription of 210,247,963 of a total of 243,603,816 shares, equaling a subscription of 86,3 % and NOK 63 million. Blom is pleased with the subscription and the corresponding strengthening of the capital structure, which constitutes a good basis for a healthy development of its operations. Please see details below.

The pre-emptive rights issue in Blom ASA closed 19 April 2011 at 17:30 local time. Subject to the final allocation, the preliminary result of the rights issue in Blom ASA shows a total subscription of  210,247,963 of a total of 243,603,816 shares, equaling an subscription of 86,3 %.

The subscription price was NOK 0.30 per share. Allocation of the new shares is expected on or about 28 April 2011 with settlement for the allocated shares on or about 3 May 2011. The new shares are expected to be listed on Oslo Stock Exchange on or about 6 May 2011.

For further information please contact:
Lars Bakklund, CFO Blom ASA, at tel: +47 22 13 19 34
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