TTS Group ASA has secured a contract with Cosco (Dalian) Shipyard Co., Ltd in China for a shipset of cargo cranes and hatch covers. The total order value is approximately 25 MNOK.

The contract is for the third vessel in a series, and follows a similar announcement in October 2017 for the first two shipsets. The equipment is for use on multi-purpose vessels. Deliveries will be completed in 2^nd half of 2018.

Bergen, 16 January 2018

TTS Group ASA
http://www.ttsgroup.com

Contact persons:

Toril Eidesvik
CEO
M: +47 900 78 218

Leiv Kallestad
CFO
M: +47 958 95 661

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 Corporate Solutions on behalf of Nasdaq 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
HUG#2161642