IMPLEMENTATION OF THE DE-MERGER OF BLOM ASA - LAST DAY INCLUSIVE OFFSHORE TECHNOLOGY DIVISION

Blom ASA expects that the de-merger of Blom which was approved at the GM in Blom ASA and Scan Subsea ASA at the 12th April 2007 will be registered in the Register of Business Enterprises the 20th of June 2007. This implies that today, the 20th of June 2007, will be the last day the Blom share will be traded inclusive the business de-merged to Scan Subsea ASA. The Blom share will from tomorrow 21st of June 2007 be traded exclusive the business de-merged to Scan Subsea ASA. 

The de-merged business will be traded at Oslo
Stock Exchange under the name Scan Subsea ASA with the
ticker SCASUB from 21st of June 2007. Shareholders
of Blom ASA will after business today receive one
share in Scan Subsea ASA for each share they hold
in Blom ASA.

Simultaneously the bonus issue adopted by the GM
12th of April 2007 will expectably be registered
in the Register of Business Enterprises. The new
share capital in Blom ASA after the de-merger will be
NOK 4 033 734.60 distributed in 40 337 346 shares with
the nominal value of NOK 0.10.

For further information please contact:

CEO Dirk Blaauw, tel: +47 22 13 19 23 or

CFO Jan Erik Braathen, tel: +47 22 13 19 24