TTS Group ASA: New contracts for China

October 23, 2017

TTS Group ASA has secured two new contracts with Cosco (Dalian) Shipyard Co., Ltd. in China for delivery of two shipsets of cargo cranes and two shipsets of hatch covers. The total order value is close to 50 MNOK.

The equipment is for use on two multi-purpose vessels. Deliveries will be completed in 2 ^nd half of 2018.

Bergen, 23 October 2017

TTS Group ASA
http://www.ttsgroup.com

Contact persons:

Toril Eidesvik
CEO
M: +47 900 78 218

Leiv Kallestad
CFO
M: +47 958 95 661

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: TTS Group ASA via GlobeNewswire

HUG#2143518

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