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2015-08-21

TTS Group ASA: Another PCTC contract to Korea

TTS Group ASA has through its subsidiary TTS Marine AB in Gothenburg, Sweden
entered into a new contract for delivery of cargo access equipment to two
pure car/truck carriers (PCTC).The total order value for the two ship-sets is
approx. MNOK 40.

The PCTC's are on order at Hyundai Samho Heavy Industries in South Korea. The
TTS deliveries will be completed during 2016.

TTS has in recent years developed a strong position as a preferred supplier
within the PCTC market, which is further strengthened through this contract.
Proven solutions, and repeat orders from key customers within the PCTC market
gives basis for expected high activity.

Bergen, 21stAugust 2015

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
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.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: TTS Group ASA via Globenewswire

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