REPURCHASE OF SHARES

On 17 January 2008, Blom ASA purchased 42 000 of its own shares at an average price of NOK 56.55 per share.

Blom now holds 112 000 of its own shares, which is equivalent to 0.3% of the total number of shares outstanding. Blom`s share buyback program, which will last until the annual general meeting in 2008 (30 June 2008 at the latest), covers purchases of up to 2.4 % of shares outstanding (1 million shares).

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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.