Nekkar - Report Publication Announcement 2018

TTS Group ASA: Financial report 4Q 2017

Please find attached the financial report for TTS Group ASA 4Q 2017.

Despite a challenging 2017 with tough market conditions for both the maritime

and offshore industry and a drop in turnover of nearly 30%, TTS delivered an

EBITDA adjusted for restructuring costs and other non-recurring items of MNOK

117 (5,4%) vs. MNOK 133 (4,3%) in 2016. The performance improvements are a

result of the restructuring processes executed over the last 12 months, and

partially offset by the negative impact of the revenue drop from 2016 of 30 %.

TTS Group is now a leaner, stronger and more focused company, prepared to take

advantage of the positive market signals observed over the last few months.

TTS Group ASA announced on February 8(th) 2018 that it has signed an asset sale

agreement with MacGregor, a part of Cargotec Oyj. The announced transaction with

MacGregor is expected to be completed within 3Q 2018. The company has therefore

chosen to continue to report both total group performance, continued business,

and the performance of the discontinued businesses.

Bergen, 26 February 2018

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.

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