Approved prospectus

Reference is made to the stock exchange announcement 
23 May 2012 regarding the completion of the financial 
restructuring, expected date for start of trading on 
a consolidated basis and conversion of debt to equity 
in Blom ASA ("Blom" or the "Company").

Blom has today published a listing prospectus in 
connection with the listing on Oslo Børs of 
31,151,253 new shares of the Company, each with a 
nominal value of NOK 0.50, issued in connection with 
the conversion of FRN Blom ASA Senior Secured Bond 
Issue 2009/2012 to equity on 23 May 2012.

Due to processing procedures in VPS with respect to 
the consolidation of shares and the subsequent share 
capital increase, the new shares will be delivered to 
the subscribers' VPS accounts before start of trading 
on Oslo Børs, today, on 30 May 2012. The Financial 
Supervisory Authority of Norway has approved the 
Company's prospectus and the New Shares will be 
tradable on Oslo Børs as of start of trading on the 
same date.

The Prospectus may be obtained at the Company's 
office (Drammensveien 165, 0212 Oslo, Norway), 
www.blomasa.com and ABG Sundal Collier Norge ASA's 
office (Munkedamsveien 45E, 0115 Oslo, Norway).

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.