TTS Group ASA: 10,000 tonnes ship lift order to Turkmenistan

TTS Group ASA has secured a new contract for delivering a 10 000 tonnes ship lift to Turkmenistan with an order value of approx. MNOK 100.

The contract is with Turkish GAP Insaat, for their Turkmenbashi Seaport project in the Caspian Sea part of Turkmenistan.

TTS's delivery includes design and key-component package. Completion will be in second half of 2017.

Bergen, 22nd April 2016

TTS Group ASA

Tel.: +47 55 94 74 00 / Fax: +47 55 94 74 01
http://www.ttsgroup.com

Contact persons:

Björn Andersson
CEO
M: +47 911 33 671

Henrik Solberg-Johansen
CFO
M: +47 982 06 438

Miao Reinlund
SVP Corporate Communications
M: +47 900 65 883

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



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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: TTS Group ASA via GlobeNewswire

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