Nekkar — Earnings Release 2017

Aug 28, 2017

TTS Group ASA: Financial report 2Q/First half 2017

TTS Group ASA: Financial report 2Q/First half 2017

Please find attached the financial report for TTS Group ASA 2Q/1H  2017.

Highlights are:

* 2Q 2017 revenues increased with more than 10% vs 1Q 2017 to MNOK 556, but

notable lower than the same period last year.

* Continued positive underlying operations, with a 2Q 2017 EBITDA excl.

restructuring of MNOK 36. Reported EBITDA was MNOK 29.

* Improved EBITDA margin despite reduced business volume confirms successful

implementation of cost reduction program

* 1H EBITDA was MNOK 46 excluding restructuring costs. Reported EBITDA of MNOK

9 impacted by restructuring cost of MNOK 37, of which MNOK 30 in 1Q from

restructuring cost in Multipurpose/General cargo, and MNOK 7 in 2Q related

to restructuring of the corporate functions.

Bergen, 28 August 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.