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Contract to TTS Marine Division company in Bergen

Bergen, 4 October 2010 - TTS Group ASA's Marine Division has through its subsidiary TTS Ships Equipment AS in Bergen signed contracts with the STX- shipbuilding group worth approximately 30 MNOK.

The contract with STX in France concerns delivery of side doors, elevators, platforms and telescopic ramps for ship owner MSC's new cruise vessels.

The deliveries will take place during 2011.

Please see TTS Group ASA company electronic office

For further information, please contact
Bjorn Andersson,
CEO & President,
TTS Group ASA,
Phone (+47) 911 33 671

Henrik Solberg-Johansen,
CFO TTS Group ASA,
phone (+47) 982 06 438

Miao Reinlund,
Vice President Corporate
TTS Group ASA,
phone (+ 47) 900 65 883

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• PALFINGER intends to make a takeover bid for Norwegian TTS Group ASA