NRC Group — Director's Dealing 2015

Mar 26, 2015

BLO - Mandatory notification of trade and disclosure of Blom ASA

BLO - Mandatory notification of trade and disclosure of Blom ASA

URBEX Invest AS ("URBEX") is an investment company

that owns 7,456,517 shares in Blom ASA (OSE: BLO),

which corresponds to 74.04% of total shares

outstanding. Merckx AS ("Merckx") is the principal

shareholder in URBEX. Merckx 'main shareholder is

Middelborg AS ("Middelborg"), which is owned 100% by

Kristian G. Lundkvist. Lundkvist is a director of

Blom.

Dirk Blaauw, who today resigned as CEO of Blom, has,

cf. Stock exchange announcement on 23 May, 2014, a

previous agreement with Merckx an option to acquire

a 10% stake in URBEX ("option").

The following agreements was on the 25 March 2015

entered into:

- Agreement between Merckx and Dirk Blaauw, where it

is agreed that the option will be canceled against

compensation to be paid by Merckx to Blaauw.

- Agreement between Middelborg and Malakas AS, a

company owned by Dirk Blaauws family, where it is

agreed that Middelborg is buying Malakas AS's shares

in URBEX, which corresponds to an indirect stake in

Blom of 20.59%.

All transactions are based on a price of NOK 7.25

per share in Blom. If certain conditions are met,

the price will be increased by NOK 2.25 per share, to

NOK 9.50 per share.

The agreements are executed.

After execution of the agreements the parties

involved and primary insiders owns shares in Blom,

directly and indirectly, as follows:

- Dirk Blaauw owns no shares.

- URBEX where Kristian G. Lundkvist controls more

than 50% of shares and voting rights, owns, as

previously, 7,456,517 shares, representing 74.04% of

total shares outstanding.

- Kristian G. Lundkvist owns no shares personally.

Contact: Trygve Bruland, Chairman, mobile +47

41146000

Oslo, 26 March 2015