Nekkar — Board/Management Information 2015

Feb 12, 2015

TTS Group ASA: TTS Group to explore strategic opportunities for further growth

TTS Group ASA: TTS Group to explore strategic opportunities for further growth

TTS Group is a leading international equipment and solutions provider to the

marine and offshore industries. The company has built a strong product portfolio

over the last 50 years and holds market leading positions for core shipping

equipment.

Since early 2000 TTS has expanded its position in China, the leading

shipbuilding country in the world. Turnover in TTS' Chinese joint ventures is

around NOK 1 billion, with an annual growth of more than 30%.

TTS Group has a strategy to grow its product portfolio and service offering.

Sales of larger bundled equipment packages and solutions will improve efficiency

for both shipyards and ship owners. The company has therefore reorganized its

business units from a product focus to a ship-type focus. The aim is to increase

the order value per ship and increase TTS' market position, both in China and

internationally.

In order to position the TTS Group for this growth the Board of Directors of TTS

Group has decided to run a strategic process to explore opportunities for both

acquisitions and partnerships.

Pareto Securities AS is engaged as financial advisor.

Bergen, 12 February 2015

TTS Group ASA

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

http://www.ttsgroup.com

Contact persons

For further information, please contact:

Björn Andersson

CEO

M: +47 911 33 671

Henrik Solberg-Johansen

CFO

M: +47 982 06 438

Miao Reinlund

CVP, Communications

M: +47 900 65 883

About TTS Group:

TTS Group ASA is a global enterprise that designs, develops and supplies

equipment solutions and services for the marine and offshore industries. TTS is

one of the top three largest suppliers in its specialized market segments. The

group's activities primarily involve design, assembly and testing of equipment

while, apart from manufacture of certain key components, production is

undertaken by a global network of subcontractors. With a worldwide workforce of

around 1,100, TTS has close to 50 years of experience in the maritime industry.

The group has subsidiaries in Brazil, China, Finland, Germany, Greece, Italy,

Korea, Norway, Poland, Singapore, Sweden, USA and Vietnam. TTS Group is listed

on Oslo Stock Exchange (TTS: Oslo) and headquartered in Bergen, Norway.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1893913]