Reference is made to stock exchange notice of 10.01.2011 regarding the subsequent offering of shares in TTS Group ASA. Two bondholders have converted a total of NOK 1 500 000,-, to 161 569 shares based on the rate 9.2839 per share.
Subsequent to this conversion the remaining nominal convertible bond debt is NOK 117 845 000, corresponding to 12 693 480 conversion rights.
The new share capital in TTS Group ASA of NOK 41 866 057,50 divided into 83 732 115 shares, has been registered in the Norwegian Registry of Business Enterprises.
Bergen 7.May 2012
Contact persons:
Johannes D. Neteland
President & CEO
Tel +47 918 46 906
Arild Apelthun
CFO
Tel +47 918 19 265
TTS Group ASA
Tel.: +47 55 94 74 00 / Fax: +47 55 94 74
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.