Nekkar - Board/Management Information 2017

TTS Group ASA: Leiv Kallestad appointed new CFO of TTS

Mr. Leiv Kallestad is appointed Chief Financial Officer of the TTS Group ASA. He

joins the position as from August 2017.

Kallestad (55) is an experienced business executive. He is currently Vice

President Norway at Palfinger Marine. Previously he has held executive positions

with amongst others, Harding Safety, SR-Bank, Torp LNG and Kverneland Group

after almost 20 years with ExxonMobil and ConocoPhillips. He has a degree in

Business Administration from Norwegian School of Economics and Business

Administration.

Kallestad succeeds Mr. Henrik Solberg-Johansen, who resigns as Chief Financial

Officer of the TTS Group ASA effective as of the end of July 2017.

Solberg-Johansen has been with TTS since August 2013 and will now seek new

challenges outside the company. - We are very grateful for Solberg-Johansen's

efforts and service to TTS for the past four years and wish him all the best in

the future, says Toril Eidesvik, CEO of TTS Group ASA.

Bergen, 24 May 2017

TTS Group ASA

http://www.ttsgroup.com

Contact persons:

Toril Eidesvik

CEO

M: +47 900 78 218

Henrik Solberg-Johansen

CFO

M: +47 982 06 438

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.

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