Nekkar - Capital/Financing Update 2017

TTS Group ASA: Extension and amendment of subordinated convertible bond loan

TTS Group ASA ("The Company") suggests making certain changes to "NOK

95,345,000 8.00 per cent TTS Group ASA Convertible Callable Unsecured

Subordinated Bond Issue 2011/2016" with ISIN NO 001 0593890 ("The Bond Loan").

The changes mainly entail 21 months' delay of the maturity date from April

18(th) 2017 to January 18(th) 2019, changing the interest rate from 12 % to 10%

p.a., as well as offering the bondholders voluntary repurchase of the

outstanding, in total up to 10 %.

The implementation of the Bond Loan adjustment assumes that the changes will be

approved in the bondholder's meeting, which will be held on March 22(nd) 2017,

as well as in the Company's Extraordinary General Meeting on March 30(th) 2017.

A majority of the bondholders has confirmed that they will vote for the

suggested changes in the bondholder's meeting.

In connection with the proposed changes to the bond loan, Pareto Securities AS

has been the company's advisor.

For more information, please see the summons published at the company website:

http://www.ttsgroup.com/IR/generalmeeting

Bergen, 8 March 2017

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.

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