Nekkar — M&A Activity 2016

Aug 1, 2016

TTS Group ASA : INDEPENDENT STATEMENT ON VOLUNTARY OFFER FROM PALFINGER MARINE GMBH TO ACQUIRE ALL OUTSTANDING SHARES IN TTS GROUP ASA

TTS Group ASA : INDEPENDENT STATEMENT ON VOLUNTARY OFFER FROM PALFINGER MARINE GMBH TO ACQUIRE ALL OUTSTANDING SHARES IN TTS GROUP ASA

In connection with the voluntary offer made by Palfinger Marine GmbH to acquire

all the issued and outstanding shares of TTS Group ASA ("TTS") pursuant to the

terms and conditions set forth in the Offer Document published on 18(th) July

2016 (the "Offer"), the Board of Directors of TTS has retained Swedbank Norge to

prepare an independent valuation and statement in relation to the Offer in

accordance with Section 6-16 of the Securities Trading Act.

The statement issued by Swedbank Norge is enclosed as an attachment to this

announcement.

Bergen, 1(st) August 2016

TTS Group ASA

Tel.: + 47 55 94 74 00

www.ttsgroup.com

Contacts:

Toril Eidesvik

CEO

M: +47 900 78 218

Henrik Solberg-Johansen

CFO

M: +47 982 06 438

Miao Reinlund

SVP Corporate Communications

M: +47 900 65 883

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2032191]