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Nekkar Board/Management Information 2018

Feb 8, 2018

3669_rns_2018-02-08_1de3e8bf-f872-49c5-94f5-377ae9a58a6d.pdf

Board/Management Information

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Additional information about TTS Group ASA

About TTS

TTS Group ASA is an international corporation that provides cargo handling solutions and access systems and services for the marine and offshore industries. TTS is one of the top three largest suppliers in its specialized market segments.

With a worldwide workforce of around 930 employees, TTS has more than 50 years of experience in the marine industry. The group has subsidiaries in Belgium, China, Germany, Greece, Italy, Korea, Norway, Poland, Singapore, Sweden, UAE, USA and Vietnam. Corporate headquarters is located in Bergen, Norway.

The group's activities primarily involve the design, assembly and testing of equipment. Apart from the manufacture of certain key components, a global network of subcontractors undertakes production.

The company is listed on the Oslo Stock Exchange.

The Board of Directors of TTS currently has the following members:

Term
Name Position Served since expires
Trym Skeie Chair 2009 2018
Marianne Sandal Board member 2014 2018
Britt Mjellem Board member 2016 2018
Gisle Rike Board member 2015 2019
Leif
Haukom
Board member 2017 2019
Anita Kråkenes Board member
(employee elected)
2016 2018
Morten Aarvik Board member
(employee elected)
2014 2018

TTS is managed by the following team:

Name Position Employed since
Toril Eidesvik CEO April 2016
Leiv Kallestad CFO August 2017

TTS's share capital is NOK 9,526,622.60, divided into 86,605,660 shares, each share having a par value of NOK 0.11.

YTD Q3 Year
2017 2016 2016 2015 2014
In NOK million (unaudited) (unaudited) (audited) (audited) (audited)
Total operating income 1641 2328 3087 3051 2453
Profit (loss) before tax 10 35 -97 -15 63
Profit (loss) for the period -13 2 -127 -40 18
Total assets 2102 2521 2175 3026 2411
Total equity 586 721 616 855 610
Total liabilities 1516 1801 1559 2171 1801

Please find below certain key consolidated financial figures (all in NOK million):

Further information about the TTS Group can be found at www.ttsgroup.com and will be included in the information memorandum to be published later.