IMPLEMENTATION OF THE DE-MERGER OF BLOM ASA

With reference to the stock exchange notification
yesterday, 21st of June 2007, the implementation
of the de-merger of Blom that was approved at the GM
in Blom ASA and Scan Subsea ASA at 12th of April
2007 was registered in the Register of Business
Enterprises after end of trade yesterday the 20th
of June 2007. This implies that the Blom share as
from today trades exclusive the business de-merged
to Scan Subsea ASA. Simultaneously the bonus issue adopted by the GM
12th of April 2007 was registered in the Register
of Business Enterprises. The new share capital in
Blom ASA after the de-merger is 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, Mr. Dirk Blaauw, on tel. +47 22 13 19 23 or

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