Bank confirmations received 27.11.2018

Reference is made to the stock exchange release of 23 November 2018 with summons to extraordinary general meeting regarding extension of the company's convertible bond loan.

TTS Group ASA has now received confirmation from its banks (Nordea and DNB) that the company's banking facilities, which expires on 1 January 2019, will be extended with up to six months (until 1 July 2019) contingent upon approval of a proposed six month extension of the company's convertible bond loan, which expires 18 January 2019. TTS Group ASA has received indications from a 2/3 majority of the bondholders they intend to support such proposal, subject to an amendment fee of 0.25% (flat) of the face value of the outstanding bonds.


The bondholders are now being summoned to a bondholders' meeting to take place on 11 December 2018. The summons to the bondholders' meeting is enclosed.


Bergen, 27 November 2018




Contact persons:

Toril Eidesvik


M: +47 900 78 218


Leiv Kallestad


M: +47 958 95 661