Nekkar — M&A Activity 2014

Jul 24, 2014

TTS Group ASA : TTS signs contract for offshore cranes worth approx. 60 MNOK

TTS Group ASA : TTS signs contract for offshore cranes worth approx. 60 MNOK

TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS(OHE)

in Norway signed a contract for delivery of two offshore cranes worth

approximately 60 MNOK.

The contract is with a shipyard in China, and concerns delivery of two cranes

for an offshore vessel. The vessel is ordered by a Thailand registered ship

owner.

The delivery will take place in first quarter of 2016.

The contract is the second contract with the yard with identical scope.

Bergen, 24 July 2014

Contact persons:

Bjørn Andersson

CEO

Tel +47 55 94 74 03

Henrik Solberg-Johansen

CFO

M: +47 982 06 438

Miao Reinlund

VP Communications

Tel. +47 900 65 883

TTS Group ASA

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

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1836453]