Nekkar — M&A Activity 2014

Aug 20, 2014

TTS Group ASA: Entering the Peruvian market

TTS Group ASA: Entering the Peruvian market

TTS Group ASA has, through its subsidiary TTS Handling Systems in Drøbak,

Norway, signed a contract for delivery of a ship lift and related equipment to

SIMA in Peru. SIMA is a leading state-owned company within the shipbuilding and

metalworking industry in Peru. The total order value is approx.100 MNOK.

SIMA serves the Navy of Peru as well as domestic and foreign private clients

through a wide range of products. The TTS ship lift system makes it possible to

improve efficiency and capacity of their repair activities. With the upgraded

new facility, SIMA will have the capacity to repair a large number of vessels

simultaneously.

The delivery to SIMA includes a ship lift with platform, and a ship transfer

system.

For TTS this is the seventh ship-lift contract in succession and TTS has further

strengthened its position as a world leader on the market for ship lifts.The

first contract for ship-lifts was signed with the Korean Navy in February 2012,

an order quickly followed by two further contracts. Two orders was signed with

the Vietnamese navy in 2013, later contracts with Brazil, and now Peru, are

signed.

Bergen, 20(th) August 2014

TTS Group ASA

Tel.: +47 55 94 74 00 / Fax: +47 55 94 74 01

http://www.ttsgroup.com

Contact persons:

Björn Andersson

CEO

M: +47 911 33 671

Henrik Solberg-Johansen

CFO

M: +47 982 06 438

Miao Reinlund

VP, Communications

M: +47 900 65 883

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1849928]