TTS Group ASA, through its subsidiary TTS Syncrolift, has been awarded two new contracts for Syncrolift® ship-lifts and related equipment. The total order value is approximately MNOK 75.

The largest contract is regarding a "fluid bed" transfer system. The system is capable to transport vessels safely, between a ship lift and dry berth on land. The other contract regards a Syncrolift® ship lift installation for a ship repair yard.

Deliveries are expected to take place in 2020 and 2021.

Bergen, 26 March 2019

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 the Norwegian Securities Trading Act