EXERCISING OPTION TO BUY BACK BOND LOAN

Blom has today informed Norsk Tillitsmann that
Blom ASA, in accordance with the loan agreement,
will exercise its option to buy back the NOK 300
million bond loan (ISIN NO0010283591) on 5th
October 2007 at an exercise price of 103.0%.

Blom finances the exercise of the bond loan by
entering into a loan facility with SEB. As a
result of the refinancing Blom will get
significant future interest savings.

For further information, please contact:

Dirk Blaauw, CEO of Blom ASA, telephone 22 13 19 23 or

Jan Erik Braathen, CFO of Blom ASA, telephone 22 13 19 24