Oslo, Monday, October 15, 2007
Stock Exchange Notification
BLOM ASA HAS PRE-ACCEPTED A VOLUNTARY OFFER FOR ALL SHARES IN SCAN SUBSEA ASA.

Scan Subsea ASA (`Scan Subsea`, ticker SCASUB) and
Parker Hannifin Corporation (`Parker`) have during
the week-end entered into an agreement that Parker
will make a voluntary offer for all outstanding
shares in Scan Subsea ASA. The offer price will be
NOK 22,00 per. share.

As part of the agreement Blom has given an
irrevocable pre-acceptance of the voluntary offer
for all its 23,369,756 shares in Scan Subsea ASA,
equivalent 36.7 % of the shares in the company.
The voluntary offer from Parker is conditional on
satisfactory due diligence, 90% acceptance ratio,
regulatory approvals and no material adverse
change in the company.

Parker is a global industrial company
headquartered in Cleveland, Ohio, USA, and is listed on the New
York Stock Exchange with a market capitalization
of approximately USD 13.0 billion.

If the offer is successful will Blom have sold all
its shares in Scan Subsea. Blom will receive sales
proceeds on NOK 514 million of which approximately
NOK 372 million will be an accounting gain.
See also Stock exchange notification from Scan
Subsea ASA today.

For further information please contact the
CEO, Mr. Dirk Blaauw, on tel. +47 22 13 19 23 or
CFO Jan Erik Braathen on tel. +47 22 13 19 24.
Blom ASA, P.O. Box 34 Skøyen, N-0212 Oslo, Norway, Tel.: +47 2213 1920, Fax: +47 2213 1921, E-mail: blom@blom.no