Nekkar — Board/Management Information 2014

Jun 27, 2014

TTS Group ASA : Arild Apelthun resigns as CFO of TTS

TTS Group ASA : Arild Apelthun resigns as CFO of TTS

Mr. Arild Apelthun resigns as CFO of the TTS Group ASA in order to accept an

executive position in another company. Mr. Henrik Solberg-Johansen, TTS' Vice

President of Group Accounting and Control, will serve as interim CFO while the

search for a permanent replacement is conducted.

Arild Apelthun has served as CFO of TTS since April 2010, and resigns in order

to accept the position as CFO at Beerenberg. Apelthun will remain at TTS until

the 4(th) quarter of 2014 to assist in finalizing certain tasks and ensure

continuity on financial and accounting issues.

"We appreciate Apelthun's dedication and service to TTS for the past four years

and wish him all the best in his future endeavours. We also appreciate that he

has agreed to stay on until the autumn to make the transition process as smooth

as possible," says Björn Andersson, CEO of the TTS Group ASA.

TTS will immediately initiate a search for Apelthun's permanent replacement and

expects to announce a succession plan before long. TTS' Vice President of Group

Accounting and Control, Henrik Solberg-Johansen, will assume the

responsibilities of interim CFO with effect from 1 July.

Solberg-Johansen has been with TTS since August 2013 and is a highly experienced

executive with strong finance and operational expertise, including seven years

as partner of the Norwegian branch of the globally leading consultancy and audit

firm EY (former Ernst & Young). He is a Master of Science in Business

Administration and a State Authorized Public Accountant.

Bergen, 27 June 2014

TTS Group ASA

Tel.: +47 55 94 74 00 / Fax: +47 55 94 74 01

http://www.ttsgroup.com

Contact persons:

Björn Andersson

CEO

M: +47 911 33 671

Arild Apelthun

CFO

M: +47 918 19 265

Miao Reinlund

VP, Communications

M: +47 900 65 883

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1805279]