Update on Financial Results

As reported in the Company's report for the 3rd 
quarter of 2012 and in Stock Exchange Announcement 7. 
December 2012, the challenging macroeconomic 
conditions in parts of Europe continue and have given 
weak operating results in the fourth quarter. EBIT is 
additionally charged with extraordinary write downs 
of intangible assets, work in progress and accruals 
for potential losses on account receivables.  
Further, the results for fourth quarter have been 
positively impacted by a final settlement with 
Pictometry International Corp. related to the dispute 
regarding the Technology License Agreement entered 
into between the Company and Pictometry on 29 January 
2009.

A lasting shift in the awarding of new contracts, 
particularly in Italy, has had a negative impact on 
the company's results and liquidity situation, and 
has made additional compensatory measures necessary.

Against this background Blom ASA (Blom) has signed a 
Share Purchase Agreement to divest its Italian 
subsidiary Blom CGR S.p.A. to an Italian investment 
group. Blom will receive a consideration of 15 
million NOK as compensation for the shares, which 
leads to a loss of 90 million NOK in Blom. For 
further details on this transaction please see the 
attachment to this Stock Exchange Notification.

Blom Group consequently expects to report a 
preliminary EBIT of approx. break-even (zero) for the 
quarter. The equity at the end of the fourth quarter 
is expected to be approximately 53 million NOK for 
the Blom Group and 36 million NOK for the mother 
company.

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