Nekkar — Capital/Financing Update 2019

Jun 14, 2019

TTS Group ASA: Extension of bank funding agreed

TTS Group ASA: Extension of bank funding agreed

TTS Group ASA has now agreed with its banks (Nordea and DNB) that the company's

bank facilities, which expires on 1 July 2019, will be extended with four

months, i.e. until 1 November 2019, contingent upon approval of the proposed

four month extension of the company's convertible bond loan. The extension is

based on the same covenants as agreed in the previous agreement, and in

accordance with information provided in notes to the company's latest annual

report.

Reference is made to the stock exchange release of 31 May 2019 with summons to

bondholder meeting regarding extension of the company's convertible bond loan.

Bergen, 14 June 2019

TTS Group ASA

www.ttsgroup.com

Contact person:

Toril Eidesvik

CEO

M: +47 900 78 218

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act