Nekkar — Earnings Release 2017

Nov 7, 2017

TTS Group ASA: Financial report 3Q 2017

TTS Group ASA: Financial report 3Q 2017

Please find attached the financial report for TTS Group ASA 3Q 2017.

Highlights are:

* 3Q 2017 revenues increased with 4% vs 2Q 2017 to MNOK 578, but lower than

the same period last year.

* Continued positive trend in operations with a 3Q EBITDA of MNOK 49 excluding

restructuring costs of MNOK 3, hence reported EBITDA is MNOK 46.

* Improved EBITDA margin despite reduced business volume confirms successful

implementation of cost reduction program

* YTD EBITDA was MNOK 95 excluding restructuring costs with an EBITDA margin

of 5.8% vs 4.3% in 2016. Reported EBITDA of MNOK 55 impacted by

restructuring cost of MNOK 40, of which MNOK 3 was related to 3Q

restructuring of Services.

* Cash flow from operations has improved MNOK 35 from 2Q to MNOK 59.

Bergen, 7 November 2017

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

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.