Blom Announces Loan Conversion to Scan Subsea

Blom ASA on Thursday, in accordance with the loan agreement with Scan Subsea ASA, put in a claim for conversion of the loan with nominal value NOK 90,340,854 into 13,285,420 shares in Scan Subsea ASA. The conversion rate is NOK 6.80 per share.

After the conversion Blom ASA will hold 23,369,756 shares (36.68%) in Scan Subsea ASA.