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TTS Group: Leading position in post-Panamax market reinforced

TTS Group ASA has, through its subsidiary TTS Marine AB in Gothenburg, signed
two separate contracts with Hyundai Heavy Industries in South Korea with a
total value of MNOK 118.

The new agreements concern delivery of Cargo Access Equipment to two new
post-Panamax Car Carriers under construction, as well as an increased scope
of supply for an existing contract with the Hyundai Group. All deliveries
will be completed during 2015.

The contracts is signed only few weeks after TTS Group ASA announced delivery
of four ship-sets of cargo access equipment to four post-Panamax car
carriers, with a total value of MNOK 209.

Bergen, 25thApril 2014


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

Contact persons:

Björn Andersson
M: +47 911 33 671

Arild Apelthun
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.


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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