Nekkar - Capital/Financing Update 2015

TTS Group ASA : New bank agreements

TTS Group ASA (the "Company") has agreed with Nordea and DNB on new financing

agreements for credit and guarantee facilities, which represents an extension of

the agreements the company had at the beginning of the current fiscal year. The

extended agreements expire at 31 Dec. 2016.

Based on the approved extension of the company's Convertible Callable Unsecured

Subordinated Bond, which was announced 17 Dec. 2015, together with the renewed

financing agreement with Nordea and DNB, the company's funding for 2016 is

finalized. The total financing package is subject to the General Assembly

approval of the company's Convertible Callable Unsecured Subordinated Bond. The

date of the Extraordinary General Meeting is set at 5 Jan.2016, as notified 14

Dec.2015.

Bergen, 21st December 2015

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

Henrik Solberg-Johansen

CFO

M: +47 982 06 438

Miao Reinlund

SVP Corporate Communications

M: +47 900 65 883

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1975029]

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