Reference is made to previous public announcements in respect of the financial restructuring (the "Restructuring") of Blom ASA (the "Company"), including the announcements on 27 February 2012, 29 February 2012, 9 March 2012, 21 March 2012 and 3 April 2012. The Restructuring was resolved at the Company's extraordinary general meeting held on 25 April 2012, and entails inter alia a conversion into equity of almost all the Company's debt under the bond loan with ISIN NO 001 053847.3 (the "Bond Loan"). The Restructuring, which has been registered with the Norwegian Register of Business Enterprises today, comprises the following resolutions: - Share capital increase through issuance of 1 new share at a subscription price of NOK 0.10; - Consolidation of 100 shares into 1 new share with par value of NOK 10; - Share capital decrease through a reduction in the nominal value of the shares in the Company from NOK 10 to NOK 0.50; - Share capital increase of NOK 15,575,626.50 through the issue of 31,151,253 new shares (the "New Shares") by conversion of bonds in the Bond Loan; and - Issuance of a subordinated convertible bond loan in the amount of NOK 10,729,876. There is no creditor notice period for the share capital reduction as the reduction amount will be used to cover losses which cannot otherwise be covered. The Company's shares will trade on a consolidated basis (100:1) and with a nominal value of NOK 0.50 per share from and including 24 May 2012 and the new nominal value and consolidation of shares will be reflected in VPS before start of trading on Oslo Børs on 30 May 2012. Due to processing procedures in VPS with respect to the consolidation of shares and the subsequent share capital increase, the New Shares are expected to be delivered to the subscribers' VPS accounts before start of trading on Oslo Børs on 30 May 2012 and, subject to prior approval and publication of a listing prospectus for the listing of the New Shares on Oslo Børs, the New Shares will be tradable on Oslo Børs as of start of trading on the same date. 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. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.