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2014-05-15

TTS Group ASA : New contracts to German subsidiary

TTS Group ASA has, through its subsidiary TTS Marine GmbH in Bremen, signed
five new contracts with a total value of MNOK 80.

The largest contract is for complete delivery of hatch cover systems for two
ConRo vessels, built for an US customer on an US shipyard.

The other contracts are for anchor and mooring winches of various types. The
contracts are signed with Hanjin, Hyundai Mipo Dockyard and Hyundai Heavy
Industries for a total of 12 new building vessels in Korea. The ship owners
are from Israel, Germany, Malaysia and Norway, while vessel types are PCTC,
Container, LNG and LPG Carriers.

The deliveries will take place within 2014 - 2016.

Bergen, 15thMay 2014

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

Arild Apelthun
CFO
M: +47 918 19 265

Miao Reinlund
VP, Communications
M: +47 900 65 883

This information is subject of 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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