BLOM AWARDED EUR 8 MILLION CONTRACT

In cooperation with Telefonica, one of the world`s leading telecom operators, Blom has won the tender for EUR 14 million contract with the Spanish Department of Defense. Blom expects the contract to have a value to Blom of EUR 8 million.

The contract involves mapping production and the creation of seamless data model including aerial and satellite imagery. The work will be started in 4th quarter 2008. The contract is expected to be formalized in a final agreement in October 2008.

Blom is thrilled to have been awarded this defense contract and that Telefonica and Blom by this expand its cooperation. Blom has great expectations for being awarded further defense contracts.

For further information please contact:

CEO Håkon Jacobsen on tel. +47 22 13 19 33 or

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