Nekkar — Share Issue/Capital Change 2014

Mar 11, 2014

TTS Group ASA: Options to leading employees

TTS Group ASA: Options to leading employees

In accordance with the resolution in the ordinary general meeting held 10(th) of

June 2013, the Board of TTS Group ASA has been authorized to issue a maximum of

600,000 shares to leading employees in the TTS Group. The Board has decided to

issue 170,000 purchase options in addition to the 360,000 options allocated in

June 2013.

The exercise price for the options is the closing price on 10(th) June 2013 at

6.42 NOK per share after adjustment for 1.0 NOK in dividend payment approved at

the ordinary general meeting 10(th) June 2013. The options have a duration

period to 10(th) June 2015. The exercise price will be adjusted for possible

future dividend payments.

The first possible exercise of the options is after the publication of the

1(st) quarter results in 2014, for a maximum of 50% of the options. Thereafter

an additional 12.5% of the options may be exercised after publication of the

results for the 2(nd), 3(rd) and 4(th) quarters, respectively, in 2014, and for

the 1(st) quarter 2015, in addition to options that have not been exercised

earlier.

Distribution of the options:

+-----------------+----------------------------+---------+

| Name | Position | Options |

+-----------------+----------------------------+---------+

| Björn Andersson | President & CEO | 70,000 |

+-----------------+----------------------------+---------+

| Geir Storaas | EVP, Offshore & Heavy lift | 50,000 |

+-----------------+----------------------------+---------+

| Stefan Gleuel | EVP, Services | 50,000 |

+-----------------+----------------------------+---------+

| Total |   | 170,000 |

+-----------------+----------------------------+---------+

Distribution of options and shares after issue of options:

+-----------------+----------------------------+---------+---------+

| Name | Position | Shares | Options |

+-----------------+----------------------------+---------+---------+

| Björn Andersson | President & CEO |   | 70,000 |

+-----------------+----------------------------+---------+---------+

| Geir Storaas | EVP, Offshore & Heavy lift |   | 50,000 |

+-----------------+----------------------------+---------+---------+

| Stefan Gleuel | EVP, Services |   | 50,000 |

+-----------------+----------------------------+---------+---------+

| Ivar K. Hanson | EVP, Marine | 182,422 | 120,000 |

+-----------------+----------------------------+---------+---------+

| Miao Reinlund | VP Communications |   | 120,000 |

+-----------------+----------------------------+---------+---------+

| Arild Apelthun | CFO | 120,000 | 120,000 |

+-----------------+----------------------------+---------+---------+

| Nina Seter | VP HR & HSE |   | 60,000 |

+-----------------+----------------------------+---------+---------+

Bergen, March 11(th) 2014

TTS Group ASA

Contact person:

Arild Apelthun

CFO

Mobile: +47 918 19 265

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1767824]