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Press Release

TTS - Contracts to TTS Marine division

TTS Group ASA's subsidiary TTS Ships Equipment AS in Bergen signed contracts worth approximately NOK 88m

Oct. 19. 2011 - Today TTS Ships Equipment landed a contract with Tsuji Heavy Industries Co.LTD, China. The contract concerns delivery of side loading system, stern ramp, elevator and cranes for 2 vessels. The deliveries will take place in 2012 and 2013. TTS Ships Equipment has options for delivery of similar equipment for 2 additional vessels.

Furthermore earlier this month TTS Ships Equipment signed three contracts:
 - The contract with Gozo Channel company concerns delivery of hoistable cardecks for a car carrier. The delivery will take place in 2012.
 - The contract with STX OSV Trading concerns delivery of side loading system and cranes for 3 vessels. The delivery will take place in 2012. TTS Ships Equipment has options for delivery of similar equipment for two additional vessels.
 - The contract with Myklebust Verft AS concerns delivery of 3 cranes for ships under construction for Sanco Shipping AS. The delivery will take place in 2012.


2011-10-19

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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