Oslo, Saturday, January 1, 2000
Stock Exchange Notification
PRIVATE PLACEMENT OPERA WIRELESS
Reference is made to the stock exchange notification dated 20th of June 2007 regarding the acquisition of Opera Wireless. The Board of Directors has approved a private placement towards the sellers of Opera Wireless of 1 363 290 new shares at a par value of NOK 0,10 per share representing 3.38 % of the registered share capital at a subscription price of NOK 43.97 per share.
The subscription price is calculated based on the average closing price at Oslo Stock Exchange from 21st of June to 1st of August 2007. The private placement is in accordance with the proxy established at Blom ASA`s General Meeting on 12th of April 2007. The new share capital of Blom will be NOK 4 170 063.60. New Certificate of Registration will be sent to Oslo Stock Exchange after the registration in Brønnøysund Register Centre.
This acquisition marks a considerable step for Blom in capturing larger pieces of the value chain for use of Geographic Information. Opera Wireless` product portfolio consists of embedded software and hardware design for wireless devices including 3G. The company have also designed multiplatform for social communities for its clients. As part of the acquisition, Blom has approved the world`s first PND- navigator for navigation in oblique images.
Blom believe that this product will influence the navigation market.
For further information please contact:
Dirk Blaauw, CEO of Blom ASA, tel: 22 13 19 23 or
Jan Erik Braathen, CFO of Blom ASA, tel: 22 13 19 24