Reference is made to stock exchange notice of 14.12.2018 regarding the Extraordinary General Meeting approval of the amendment to the Company's bond loan agreement ISIN NO 001 0593890 reflecting conversion rights of bond into shares in TTS Group ASA.

One bondholder have converted a total of NOK 4.900.000,-, to 985.915 shares based on the conversion rate of 4,9700 per share.

Subsequent to this conversion, the remaining nominal convertible bond debt is NOK 86.045.000,- corresponding to 17.312.877 conversion rights.

The new share capital in TTS Group ASA of NOK 9.688.191,70 divided into 88.074.470 shares, has been registered in the Norwegian Registry of Business Enterprises.

Bergen, 12 March 2019


Contact persons:

Toril Eidesvik
M: +47 900 78 218

Leiv Kallestad
M: +47 958 95 661

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act