Nekkar — Capital/Financing Update 2016

Dec 19, 2016

TTS Group ASA: New financing agreements

TTS Group ASA: New financing agreements

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

agreements for credit and guarantee facilities. The agreements represent, with

some adjustments, an extension of prevailing bank funding for two new years

starting from 01.01.2017.

The new bank agreements are based on an extension and/or refinancing of the

company's Convertible Callable Unsecured Subordinated Bond, falling due

18.04.2017, being agreed within 30.03.2017.

Bergen, 19 December 2016

TTS Group ASA

Tel.: +47 55 94 74 00

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.