BLOM ASA - SHARE BUY BACK PROGRAM

Blom ASA has decided to carry out a share buy back program limited to 1 000 000 shares.

In accordance with the authorisation to the Board of Directors to acquire the company´s own shares, as resolved on the general meeting on 12th of April 2007, the Board of Directors of Blom ASA has resolved to carry out a share buy back programme and authorised the management to purchase up to 1 000 000 shares.

The buy back programme will be carried out as of today and no longer than until the annual general meeting in 2008 (30 June 2008 at the latest). The buy-back program is a part of the company’s focus on creating an optimal capital structure. The highest share price to be paid for acquisition of own shares is NOK 100,- per share.

For further information please contact:

CEO, Mr. Dirk Blaauw, on tel. +47 22 13 19 23 or

CFO Jan Erik Braathen on tel. +47 22 13 19 24.