Reference is made to the stock exchange announcement
dated April 3rd, 2012, regarding an Extraordinary
General Meeting ("EGM") scheduled to be held on 25
April 2012.
It was notified that Blom is in the final stages of
developing its long term financial plan, which will
be presented to its lenders in the coming weeks. A
majority of the bondholders, including
Folketrygdfondet and other large bondholders, who in
total controls 63.5% of Blom's NOK 300 millions bond
loan, have been part of the discussions and are
prepared to vote for a resolution in the bondholders
meeting that will secure an orderly restructuring of
Blom's balance sheet. The Preliminary overview of the
proposed restructuring outlined in the stock exchange
announcement dated April 3rd, 2012 is in coherence
with the summons to the Bondholder meeting.
The summons to the Bondholder meeting, which includes
further details on the proposed solution, can be
found at www.stamdata.no.
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.