DE-MERGER PLAN FOR OT DIVISION APPROVED

The Board of Directors of Blom ASA (`the Company`) has approved the de-merger plan for the Company`s Offshore Technology division.

The strategic objective is to create two listed companies, each with a clear strategic ambition and strong focus.

The de-merger plan will be distributed to all the Company`s shareholders this week and the Ordinary General Meeting (OGM) has been scheduled to 12 April 2007. The formal invitation to the OGM will follow as soon as possible.

For further information please contact:

Dirk Blauw, Chief Executive Officer

Phone: +47 22 13 19 23

Jan Erik Braathen, Chief Financial Officer

Phone: +47 22 13 19 24