Financial report Q1 2017 09.05.2017

Please find attached the financial report for TTS Group ASA Q1 2017.

Highlights are:

• 1st quarter turnover reduced, particularly due to lower activity in business units RoRo/Cruise/Navy, Container/Bulk/Tank and Offshore
• Continued positive underlying operations, with a 1st quarter EBITDA excl. restructuring of MNOK 10
• Previously announced restructuring cost in Multipurpose/General cargo of MNOK 30
• Gain from sale of Liftec OY: MNOK 13

Q1 2017 Report