Nekkar — AGM Information 2015

Dec 14, 2015

1. desember 2015

INNKALLING TIL EKSTRAORDINÆR GENERALFORSAMLING I TTS GROUP ASA

Aksjonærene i TTS Group ASA, org.nr. 932 142 104, innkalles til ekstraordinær generalforsamling 5. januar 2016 kl. 13.00 i selskapets lokaler i Folke Bernadottes vei 38 i Bergen.

Styret har fastsatt slikt forslag til

Dagsorden

1	Åpning av møtet og opptak av fortegnelse over møtende aksjeeiere
2	Valg av møteleder og en person til å medundertegne protokollen
3	Godkjennelse til innkalling og forslag til dagsorden
4	Subordinert konvertibelt obligasjonslån
5	Valg av nytt medlem i valgkomiteen

*****

Generalforsamlingen vil bli åpnet av styreleder Trym Skeie.

Vedlagt denne innkallingen følger styrets forslag til beslutning med begrunnelse for sak 4 på dagsorden samt skriv av 3. desember 2015 tilsendt obligasjonseierne. Videre følger vedlagt bakgrunnen og forslag til beslutning for sak 5 på dagsorden. Det fastsatte årsregnskap for 2014 med revisjonsberetning er utlagt på selskapets kontor og www.ttsgroup.no for gjennomsyn.

Selskapets aksjekapital består av 86 605 660 aksjer hver pålydende NOK 0,11. Hver aksje har en stemme.

Aksjonærer kan delta på generalforsamlingen enten ved personlig fremmøte eller ved fullmakt. De aksjonærer som vil møte med fullmakt må fylle ut og sende inn fullmakt i henhold til vedlagte skjema. Fullmakt kan gis til styreleder Trym Skeie, konsernsjef Björn Andersson eller til andre som aksjonærene måtte ønske å gi fullmakt til.

Aksjonærer som ønsker å delta på den ordinære generalforsamlingen må kontakte selskapet ved Anne-Berit Thorsen innen kl. 16.00 den 4. januar 2016 på epost ir@tts-group.no, telefon 55 94 74 06, telefaks på 55 94 74 01 eller ved å fylle ut og returnere møteseddel som følger vedlagt innkallingen.

I henhold til selskapets vedtekter gjelder følgende:

§ 9 Registreringsdato. En aksjeeiers rett til å delta og stemme på generalforsamling kan bare utøves dersom ervervet er innført i aksjeeierregisteret senest den femte virkedagen før generalforsamlingen, jf allmennaksjeloven § 4-2, tredje ledd.

§ 10 Forbud mot elektronisk deltakelse på selskapets generalforsamling. Det skal ikke være adgang for aksjonærer å delta elektronisk på selskapets generalforsamlinger i henhold til allmennaksjeloven § 5-8a.

Enhver aksjeeier har rett til å fremsette alternative forslag til styrets forslag til vedtak. Aksjeeiere kan også foreslå at andre saker skal behandles av generalforsamlingen dersom saken skriftlig meddeles til selskapet senest innen fire uker før generalforsamlingen skal avholdes. Generalforsamlingen kan etter allmennaksjeloven § 5-14 (1) behandle de saker som er inntatt i innkallingen. Saker som blir meddelt etter denne fristen vil dermed normalt ikke bli behandlet. Følgende saker kan likevel behandles etter allmennaksjeloven § 5-14 (2); (i) saker som etter loven eller vedtektene skal behandles på møtet, (ii) forslag om gransking; og (iii) forslag om å innkalle til ny generalforsamling for å avgjøre forslag fremsatt under generalforsamlingen.

Aksjeeierne har videre rett til å kreve opplysninger av styrets medlemmer og daglig leder etter de nærmere bestemmelser i allmennaksjeloven § 5-15.

Denne innkalling med vedlegg og utkast til beslutning, samt informasjon om antall aksjer og stemmer i selskapet er lagt ut på selskapets nettsider www.ttsgroup.no.

Med vennlig hilsen for styret i TTS GROUP ASA

Trym Skeie styreleder (sign)

SAK 4 PÅ DAGSORDEN:

Som følge av de nåværende svake markedsforholdene har Selskapet foretatt store kostnadsreduserende tiltak for å tilpasse sin virksomhet. Selskapet har videre iverksatt tiltak for å dra større nytte av den økte etterspørselen fra shippingbransjen.

For å kunne dra størst mulig nytte av de kostnadsreduserende tiltakene og tiltakene rettet mot shippingbransjen, har Selskapet tatt grep for å forbedre likviditeten til effektene av disse tiltakene begynner å gi positivt bidrag til Selskapets finansielle situasjon. Det er derfor foreslått å foreta endringer i Selskapets obligasjonslåneavtale ISIN NO 001 0593890 ("Låneavtalen"). Forslag til endringer er tilsendt obligasjonseierne 3. desember 2015 (de "Foreslåtte Endringene"). Slike endringer krever godkjennelse av generalforsamlingen og obligasjonseierne. Obligasjonseierne er innkalt til møte for slik avstemming medio desember.

Styret foreslår at generalforsamlingen fatter følgende vedtak:

"Vilkårene i Låneavtalen skal endres i samsvar med de Foreslåtte Endringene. Styret gis fullmakt til å foreta de de nødvendige endringene i Låneavtalen for å implementere de Foreslåtte Endringene."

De Foreslåtte Endringene innebærer at lånet under Låneavtalen, som p.t. har en hovedstol på NOK 95 345 000, gjøres konvertibelt fra og med datoen for generalforsamlingen og frem til og med 10 bankdager før 18. april 2017. Da lånet allerede er ytt Selskapet, fravikes eksisterende aksjonærers fortrinnsrett etter allmennaksjeloven § 11-4. Styret foreslår videre at generalforsamlingen fatter følgende vedtak:

• 1 "Selskapet opptar et subordinert konvertibelt obligasjonslån med samlet hovedstol på NOK 95 345 000 bestående av 95 345 000 obligasjoner hver pålydende NOK 1 ("Lånet"). Lånet tas opp ved at eksisterende lån under obligasjonslåneavtale ISIN NO 001 0593890 mellom Selskapet og Nordic Trustee ASA som tillitsmann for obligasjonseierne ("Låneavtalen") endres til å gjøres konvertibelt frem til og med 10 bankdager før 18. april 2017
• 2 Lånet viderefører eksisterende lån og kan derfor kun tegnes av eiere av obligasjoner under Låneavtalen innen 18. januar 2016. Fortrinnsretten for eksisterende aksjonærer til å tegne obligasjonene etter allmennaksjeloven § 11-4 fravikes således.
• 3 Lånet tegnes i protokollen for generalforsamlingen. Lånet tegnes til pålydende.
• 4 Tegnerne skal motta en provisjon på 1 %.
• 5 Lånet er ytet til selskapet. Dette anses skjedd ved lån ytet under Låneavtalen. Følgelig vil overtegning ikke kunne finne sted.
• 6 Hver obligasjon skal ha pålydende NOK 1 og forrentes med en rentesats på (i) 8 % p.a. frem til 18. januar 2016, og (ii) 12 % p.a. fra og med 18. januar 2016. Påløpt rente forfaller til betaling etterskuddsvis hvert kvartal.
• 7 Hver av obligasjonseierne kan konvertere alle eller noen av sine obligasjoner til aksjer i Selskapet når som helst i perioden frem til og med 10 bankdager før endelig forfallsdato dog senest til og med 10 bankdager før 18. april 2017. Obligasjonseierne har plikt til å konvertere

obligasjonene til aksjer etter krav fra Selskapet og på de vilkår som følger av Låneavtalens bestemmelser om "Call Option (Forced Conversion)" og "Acquisition Event". Tegningskursen ved konverteringen skal være NOK 4,97 per aksje. Aksjer utstedt ved konvertering gir rett til utbytte fra og med den dato kapitalforhøyelsen registreres i Foretaksregisteret. Ved endringer i Selskapets kapitalforhold med mer som nærmere angitt i Låneavtalen etter dato for denne generalforsamlingsbeslutning, skal konverteringsretten justeres som angitt i Låneavtalen. Utover dette skal obligasjonseierne ikke ha noen rettigheter ved slike tilfeller. Tegningsretten kan ikke skilles fra fordringen eller utnyttes uavhengig av fordringen, jf allmennaksjeloven § 11-2, punkt 13.

8 Lånet reguleres nærmere av Låneavtalen."

SAK 4 PÅ DAGSORDEN – SKRIV AV 3. DESEMBER 2015 TILSENDT OBLIGASJONSEIERNE

Denne melding til obligasjonseierne er kun utarbeidet på engelsk. For informasjon vennligst kontakt Nordic Trustee ASA

To the Bondholders in:

ISIN NO 001 0593890 - "8.00 per cent TTS Group ASA Convertible Callable Unsecured Subordinated Bonds Issue 2011/2016"

Oslo, 3 December 2015

Summons to Bondholders' Meeting - Amendments of Bond Agreement

Nordic Trustee ASA acts as trustee (the "Trustee") for the holders of bonds in the above-mentioned bond issue ISIN NO 001 0593890 (in the total outstanding amount of NOK 95,345,000) (the "Bond Issue" or the "Bonds") issued by TTS Group ASA (the "Issuer" or the "Company").

All capitalized terms used herein shall have the meaning assigned to them in the bond agreement dated 17 January 2011 (as amended from time to time) made between the Trustee and the Issuer (the "Bond Agreement"), unless otherwise stated herein. References to Clauses and paragraphs are references to Clauses and paragraphs of the Bond Agreement.

The information in this summons regarding the legal, operational and financial status of the Issuer is provided by the Issuer. The Trustee expressly disclaims any and all liability whatsoever related to such information given from the Issuer.

1 BACKGROUND

The Company is a global enterprise that designs, develops and supplies equipment solutions and services for the marine and offshore industries. The Company is one of the top three largest suppliers in its specialized markets and operates in the following six segments:

• Roro, Cruise & Navy ("RCN")
• Container, Bulk & Tank ("CBT")
• Multipurpose & General Cargo ("MPGC")
• Offshore
• Shipyard Solutions
• Services

The Issuer is listed on the Oslo Stock Exchange with a market capitalization of approx. NOK 288 million as of 30 November 2015 and its largest shareholders are the Skeie family (~32%) and Rasmussengruppen AS (~13%).

On 12 November 2015, the Company reported a turnover for 3Q YTD 2015 of NOK 2,209 million, EBITDA of NOK 126 million and net result of NOK 56 million compared to NOK 1,720 million, negative NOK (37) million and negative NOK (71) million for the same period in 2014.

The EBITDA includes a one-time effect of NOK 104 million related to change of control in TTS Hua Hai Ships Equipment Co Ltd ("THH"). In addition, Q3 2015 figures include a one-time EBITDA effect of negative NOK (20) million following write down of inventories.

The order intake for 3Q 2015 was NOK 598 million, compared to NOK 611 million in 3Q 2014. Adjusted for THH, this represents a reduction in order intake, and especially MPGC was slow the last quarter. However, order intake in Services and CBT was positive. The order backlog at the end of 3Q

2015 was NOK 3,940 million, up from NOK 3,502 million at the end of 3Q 2014. The order backlog includes 50% of the order backlog from JV companies in China (in total NOK 398 million).

The Roro, Cruise & Navy segment reported a turnover of NOK 465 million for 3Q YTD 2015 compared to NOK 442 million in the same period in 2014. RCN reported an EBITDA of NOK 50 million in 3Q YTD 2015 and NOK 52 million in 3Q YTD 2014. The outlook for the segment is positive. Proven solutions and repeat orders from key customers within the pure car/truck carrier market give basis for expected high activity going forward.

The Container, Bulk & Tank segment reported a turnover of NOK 675 million for 3Q YTD 2015 compared to NOK 317 million in the same period in 2014 (full consolidation of THH for Q2 and Q3 2015). CBT reported an EBITDA of NOK 118 million in 3Q YTD 2015 and NOK 3 million in 3Q YTD 2014. The 2015 figures include a onetime EBITDA effect of NOK 104 million due to the full consolidation of THH. The backlog is satisfactory because of a large order intake in 2014. The outlook is affected by the strong market competition in Korea and the expected increase in newbuilding activity as a result of increased rates in the capsize segment.

The MPGC segment reported a turnover of NOK 209 million for 3Q YTD 2015 compared to NOK 91 million in the same period in 2014. MPGC reported a negative EBITDA of NOK (7) million in 3Q YTD 2015 and negative NOK (31) million in 3Q YTD 2014. The results from this segment are expected to improve.

The Offshore segment reported turnover of NOK 269 million in 3Q YTD 2015 compared to NOK 363 million in the same period in 2014. Offshore reported a negative EBITDA of NOK (80) million in 3Q YTD 2015 compared to negative NOK (83) million in 3Q YTD 2014. The 2015 figures include an inventory write down of NOK 20 million. The challenging market has led to cost reduction and project control programs, but the segment is expected to show low utilization and margins in the quarters to come.

The Shipyard Solutions segment reported turnover of NOK 137 million in 3Q YTD 2015 compared to NOK 139 million in the same period in 2014. Shipyard Solutions reported an EBITDA of NOK 5 million in 3Q YTD 2015 and NOK 5 million in 3Q YTD 2014. The market is expected to be influenced by tighter competition and restructuring in the shipyard industry.

The Services segment reported turnover of NOK 444 million in 3Q YTD 2015 compared to NOK 368 million in the same period in 2014. Services reported an EBITDA of NOK 54 million for 3Q YTD 2015 and NOK 32 million in 3Q YTD 2014. Market demand in the segment and historical installed base provides platform for additional turnover and acceptable profit margins. The service market still remains influenced by low ship charter rates in some segments.

Total net interest-bearing debt decreased by NOK 51 million to NOK 130 million in 3Q 2015. Consolidation of TTS Hua Hai and TTS SCM represents a reduction in net interest-bearing debt of total NOK 317 million. The Company was in compliance with all of its financial covenants as of 3Q 2015.

There have been no conversions in the Bond Issue since 2014. The adjusted Conversion Price as of the date of this Summons letter is NOK 4.97. The share price as of 30 November was NOK 3.32.

For further information about the Issuer, please visit the Issuer's website www.ttsgroup.com.

Background for the requested amendments

Due to poor operational performance in the Offshore segment and a very challenging offshore market with low visibility, the financial performance has been weaker than expected. This has led to a reduction in the share price and therefore the Bonds are currently trading out of the money. Combined with a difficult capital market, the Issuer has limited financial resources to repay the Bond Issue without significantly affecting the Issuer's performance. As such, the Issuer expects to be unable to repay the total outstanding amount on the existing Maturity Date of 18 January 2016. On this basis, the Issuer is approaching the Bondholders with a request to extend the Maturity Date specified in the Bond Agreement. The requested amendments as well as the compensation to Bondholders are further described in Section 2 of this Summons.

2 PROPOSAL

To enable the Issuer to conduct the proposed amendments of the Bond Agreement, the Issuer has requested the Bond Trustee to summon a Bondholders' Meeting to consider the approval of the following proposed amendments (subject to the shareholder approval described in Clause 3.2 of this Summons and other customary conditions precedent) (the "Proposal"):

2.1 Amendment of the definition "Maturity Date":

The Issuer proposes to amend the definition Maturity Date in Clause 1.1 of the Bond Agreement to be read as follows:

"Maturity Date" means 18 April 2017 or an earlier maturity date as provided for in this Bond Agreement. Any further adjustment may be made according to the Business Day Convention.

2.2 Amendment of the Fixed Rate:

The Issuer proposes to amend the definition Fixed Rate in Clause 9.1 of the Bond Agreement to be read as follows:

The Issuer shall pay interest on the face value of the Bonds (i) from, and including, the Issue Date to, but excluding, the Interest Payment Date in January 2016 at a fixed rate of 8 per cent per annum and (ii) from, and including, the Interest Payment Date in January 2016 at a fixed rate of 12 per cent per annum (the "Fixed Rate").

2.3 Introduction of a new definition "Acquisition Event"

Following the introduction of a Drag-along mechanism as described below, a new definition of "Acquisition Event" shall be introduced and shall read as follows:

"Acquisition Event" means that an existing shareholder, or group of existing shareholders (each a "Dragging Party" or together the "Dragging Parties"), controlling in aggregate more than 67% of the shares of the Issuer accept to transfer, in any transaction or series of related transactions, 67% or more of the total number of shares in the Issuer to an unrelated third party buyer (the "Buyer").

2.4 Introduction of a new definition "Acquisition Settlement Date"

Following the introduction of a Drag-along mechanism as described below, a new definition of "Acquisition Settlement Date" shall be introduced and shall read as follows:

"Acquisition Settlement Date" means the date on which the shares of the Dragging Parties shall be transferred to the Buyer in relation to an Acquisition Event.

2.5 Introduction of "Drag-along":

The Issuer proposes to introduce a Drag-along mechanism to the Bond Agreement. New Clause 10.5 of the Bond Agreement shall read:

Drag-along conversion:

In case of an Acquisition Event occurring at a price above or equal to the Conversion Price, each of the Dragging Parties and the Issuer shall have the right to require a conversion of all Outstanding

Bonds to Shares based on the Conversion Price and subsequently an immediate transfer of such Shares to the Buyer at the same price and on the same terms and conditions as the Dragging Parties, and further that each Bondholder shall waive any such rights of veto or analogous rights under Allmennaksjeloven, the articles or otherwise that may arise in relation to such conversion of Bonds to Shares (the "Drag-along Right").

The Drag-along Right shall be exercisable by written notice from the Issuer (the "Drag-along Conversion Notice") to the Paying Agent and the Trustee (on behalf of the Bondholders) at least 10 Business Days prior to the Acquisition Settlement Date.

Upon receipt of a Drag-along Conversion Notice, the Paying Agent shall on behalf of each Bondholder (i) carry out the conversion of each Bondholder's Bonds (without the need for any further notice from the Bondholders) on the Acquisition Settlement Date in accordance with Attachment 2 Clause B.4 of the Bond Agreement, and (ii) subsequently immediately transfer such shares to the Buyer, subject to completion of the transfer of shares by the Dragging Parties to the Buyer (the "Acquisition Completion").

Drag-along call option:

In case of an Acquisition Event occurring at a price below the Conversion Price, the Issuer shall have a right to redeem all Outstanding Bonds (a "Drag-along Call Option") at a price of 105% of par value (plus accrued interest) on the Acquisition Settlement Date.

Exercise of the Drag-along Call Option shall be notified by the Issuer in writing to the Bond Trustee and the Bondholders at least 10 Business Days prior to the Acquisition Settlement Date.

On the Acquisition Settlement Date, the Issuer shall, subject to Acquisition Completion, pay to each of the Bondholders holding Bonds to be redeemed, in respect of each such Bond, the principal amount of such Bond (including any premium as stated above) and any unpaid interest accrued to the Acquisition Settlement Date.

2.6 Other Amendments

Based on the proposed amendments as described in 2.1 to 2.5, there will be certain consequential amendments of the Bond Agreement not specified herein.

2.7 Amendment fee

As a compensation to the Bondholders, the Issuer offers to pay to the Bondholders a one-time amendment fee of 1.00% (flat) of the face value of the Bonds, payable to the Bondholders (with record date at end-of-business the date of the Bondholders' Meeting), within 10 Business Days after the later of (i) the Bondholders' Meeting, provided that the Bondholders' Meeting accepts the proposed changes as set out in Clause 2 of this Summons, and (ii) approval by the EGM as mentioned below in section 3.2, has occurred.

3 EVALUATION OF THE PROPOSED AMENDMENTS

3.1 The Issuer's evaluation

Following the current weak market environment, the Company has taken strong cost-reducing measures to adjust activities.

Furthermore, the Company emphasises the implemented initiatives to benefit on the increased demand from the shipping industry. Initiatives include providing ship-type solutions to key customers and the effects of the actions taken are expected to contribute positively in the quarters to come.

Each of these elements will enable the Company to benefit from its strong position in its core segments and also gain larger access to the entire value chain. Offering ship-type solutions will increase flexibility for shipyards and ship owners, and therefore improve the competitive position for the Company, and in turn improve margins, and provide the optionality to respond to changes in market dynamics. All of which will enhance the potential to make the Company more robust and be able to repay the Bond Issue at the new proposed Maturity Date.

In order for the Company to fully benefit from the cost initiatives and the implemented initiatives towards the shipping industry, the Company is taking measures to improve financial liquidity until the effects of such measures start to contribute positively to the financial position of the Company, by inter alia proposing these amendments to the Bond Agreement and negotiating to renew existing bank credit facilities. On that basis, the Issuer is of the opinion that the amendments are reasonable and necessary, and that the Bondholders are offered a fair compensation for the amendments.

The Issuer has engaged Pareto Securities AS as the Issuer's financial advisor (the "Advisor") with respect to the Proposal. Accordingly, Bondholders may contact Pareto Securities AS Fixed Income Sales at +47 22 87 87 70 for further information.

The Advisor is acting solely for, and relying on information from, the Issuer in connection with the Proposal. No due diligence investigations have been carried out by the Advisor with respect to the Issuer, and the Advisor does not assume any liability in connection with the Proposal (including but not limited to the information contained herein).

3.2 Shareholder approval

An Extraordinary General Meeting (the "EGM") in the Issuer will need to approve the proposed amendment described in Clause 2.1 of this Summons and authorize the Board of Directors in the Issuer to resolve the restructuring of the Bond Issue. The EGM is expected to take place in the beginning of January 2016 and the required board resolutions are expected to be adopted by the Board of Directors on the same date, after the EGM has been adjourned.

3.3 Support from the Bondholders

Prior to this summons letter being distributed, the Issuer has informed the Trustee that it has received confirmation from a majority of the holders of the Voting Bonds in ISIN NO 001 0593890 that such holders intend to support the Proposal.

3.4 The Trustee's disclaimer/non-reliance

The request is put forward to the Bondholders without further evaluation or recommendations from the Trustee. The Bondholders must independently evaluate whether the proposed changes are acceptable.

4 BONDHOLDERS' MEETING:

Bondholders are hereby summoned to a Bondholders' Meeting:

Time: 17 December 2015 at 13:00 hours (1 pm) (Oslo time) Place: The premises of Nordic Trustee ASA, Haakon VIIs gate 1, 0161 Oslo – 6 th floor

Agenda:

• 1. Approval of the summons
• 1. Approval of the agenda
• 1. Election of two persons to co-sign the minutes together with the chairman
• 1. Request for adoption of the proposal:

It is proposed that the Bondholders' Meeting resolve the following:

"The Proposal (as defined in the summons to this Bondholders' Meeting) is approved by the Bondholders' Meeting.

The Trustee is given the power of attorney to enter into the necessary agreements in connection with decisions made by the Bondholders' Meeting as well as carry out necessary completion work, including making necessary amendments of the Bond Agreement."

* * *

To approve the above resolution, Bondholders representing at least 2/3 of the Bonds represented in person or by proxy at the meeting must vote in favour of the resolution. In order to have a quorum, at least 1/2 of the voting Bonds must be represented at the meeting. If the proposal is not adopted, the Bond Agreement will remain unchanged.

Please find attached a Bondholder's Form from the Security Depository (VPS), indicating your bondholding at the printing date. The Bondholder's Form will serve as proof of ownership of the Bonds and of the voting rights at the Bondholders' Meeting. (If the bonds are held in custody – i.e. the owner is not registered directly in the VPS – the custodian must confirm; (i) the owner of the bonds, (ii) the aggregate nominal amount of the bonds and (iii) the account number in VPS on which the bonds are registered).

The individual bondholder may authorize the Trustee to vote on its behalf, in which case the Bondholder's Form also serves as a proxy. A duly signed Bondholder's Form, authorizing the Trustee to vote, must then be returned to the Trustee in due time before the meeting is scheduled (by scanned e-mail, telefax or post – please see the first page of this letter for further details).

In the event that Bonds have been transferred to a new owner after the Bondholder's Form was made, the new Bondholder must bring to the Bondholders' Meeting or enclose with the proxy, as the case may be, evidence which the Trustee accepts as sufficient proof of the ownership of the Bonds.

For practical purposes, we request those who intend to attend the Bondholders' Meeting, either in person or by proxy other than to the Trustee, to notify the Trustee by telephone or by e-mail (mail@nordictrustee.no) within 16:00 hours (4pm) (Oslo time) the Business Day before the meeting takes place.

Yours Sincerely Nordic Trustee ASA

Enclosed: Bondholder's Form

SAK 5 PÅ DAGSORDEN:

Bjørn Olafsson er utnevnt til viseadministrerende direktør og medlem av konsernledelsen i TTS Group ASA fra og med 27. oktober 2015. Olafsson har følgelig meddelt selskapets styre at han fratrer fra valgkomiteen fra samme dato.

Valgkomiteen ønsker å erstatte Bjørn Olafsson, og har drøftet komiteens sammensetningen med selskapets største aksjonærer i samsvar med valgkomiteens instruks pkt. 2.3. Det er foreslått å innstille Kate Henriksen, daglig tjener (COO) for Miles AS i Bergen, som nytt medlem av valgkomiteen for perioden frem til ordinær generalforsamling i 2017.

Dersom generalforsamlingen tiltrer forslaget, vil valgkomiteen etter dette bestå av:

Navn	Valgperiode
Kate Henriksen	2015–2017
Petter Sandtorv	2015–2017
Anders Nome Lepsøe	2014–2016

Petter Sandtorv og Anders Nome Lepsøe er ikke på valg ved denne ekstraordinære generalforsamlingen. Valgkomiteen velger selv sin leder i henhold til valgkomiteens instruks pkt. 2.2.

Valgkomiteen foreslår at generalforsamlingen treffer følgende vedtak:

"Kate Henriksen velges til nytt medlem av Selskapets valgkomité for perioden frem til den ordinære generalforsamlingen i 2017. Valgkomiteen består etter dette av:

Kate Henriksen Petter Sandtorv Anders Nome Lepsøe"

Møteseddel

Undertegnede vil møte i ekstraordinær generalforsamling i TTS Group ASA 5. januar 2016 kl. 13.00 og avgi stemme for:

	……………… antall	egne aksjer
	……………… antall	andres aksjer i henhold til vedlagte fullmakt(er)
I alt for	……………… antall	aksjer

_________________________________ _______________________________________

Sted og dato underskrift (gjentas med blokkbokstaver)

Eventuelle fullmakter til å møte og avgi stemme for andre vedlegges og tas med i original på generalforsamlingen

Fullmaktsskjema

Undertegnede gir fullmakt til å møte og avgi stemme i ekstraordinær generalforsamling i TTS Group ASA 5. januar 2016 til

_______________________________________________________ navnet til fullmektig med blokkbokstaver og fødselsdato

for mine/våre ……………….. aksjer.

antall

* * *

Stemmeinstruks:

Sak på agendaen	For	Mot	Avstår
Sak 4: Endring av utstedt subordinert konvertibelt obligasjonslån
Sak 5: Valg av Kate Henriksen som nytt medlem av valgkomitten

* * *

_________________________________ _______________________________________

Sted og dato underskrift (gjentas med blokkbokstaver)

Dersom fullmakten gis i henhold til signatur vedlegges firmaattest