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TTS Group ASA: More contracts for cargo access equipment and cranes

TTS Group ASA has secured several contracts for cranes, cargo access and other
ships equipment. The total order value is approx. MNOK 160.

The major contracts are for delivery of cargo access equipment to four PCTCs
under construction at a South Korean shipyard and passenger and cargo access
equipment to two cruise vessels under construction at a European shipyard.
Deliveries will take place during 2016-2017 and 2017-2019, respectively.

The largest crane contract is for a 40 tones AHC (Active Heave Compensated)
crane to China Merchants Heavy Industry in Shenzen. The deliveries, third in
row to this customer, will be late 2017.

Bergen,4thFebruary 2016


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

Contact persons:

Björn Andersson
M: +47 911 33 671

Henrik Solberg-Johansen
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.


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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