Nekkar - Capital/Financing Update 2018

TTS Group ASA: Bank confirmations received

Reference is made to the stock exchange release of 23 November 2018 with summons

to extraordinary general meeting regarding extension of the company's

convertible bond loan.

TTS Group ASA has now received confirmation from its banks (Nordea and DNB) that

the company's banking facilities, which expires on 1 January 2019, will be

extended with up to six months (until 1 July 2019) contingent upon approval of a

proposed six month extension of the company's convertible bond loan, which

expires 18 January 2019. TTS Group ASA has received indications from a 2/3

majority of the bondholders they intend to support such proposal, subject to an

amendment fee of 0.25% (flat) of the face value of the outstanding bonds.

The bondholders are now being summoned to a bondholders' meeting to take place

on 11 December 2018. The summons to the bondholders' meeting is enclosed.

Bergen, 27 November 2018

TTS Group ASA

http://www.ttsgroup.com

Contact persons:

Toril Eidesvik

CEO

M: +47 900 78 218

Leiv Kallestad

CFO

M: +47 958 95 661

Attachment

* Summons_bondholders (https://prlibrary-

eu.nasdaq.com/Resource/Download/2ca7e9ae-c81f-4190-b61c-81470b77222f)

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