Blom ASA (Blom) has today completed the divestment of its Danish subsidiary BlomInfo A/S to the Danish engineering and consulting company NIRAS A/S. Blom has received a consideration of DKK 19.4 million as compensation for the equity in BlomInfo A/S and working capital provided by Blom to BlomInfo A/S. After the completion date Blom may receive up to an additional DKK 4.5 million as further repayment of the working capital in BlomInfo A/S. The transaction decreases the funding requirements and increases the liquidity reserves of Blom Group and reduces the operational and credit risk exposure of Blom Group in geographical areas which has proven to be challenging. Reference is made to the Stock Exchange Announcement dated 27. January 2012. For further information please contact: Dirk Blaauw, CEO Blom ASA, at tel: +47 22 13 19 23 or Lars Bakklund, CFO Blom ASA, at tel: +47 22 13 19 34