TTS Completes Sense EDM Acquisition

TTS Marine ASA has acquired 100 percent of the shares in Sense EDM AS.

As a part of the payment (NOK 50m), TTS Marine ASA will issue 756 773 shares at a subscription price of NOK 66.07, which is the average price from April 16 to 17. In connection with the share issue, a prospect has been prepared. The prospect will be available at www.tts-marine.com.

The company's share capital after the share issue will be NOK 11.624.838.50 distributed between 23,249,677 shares at NOK 0.50 each. When registered in the Norwegian Registry of Securities (during week 22), a statement will be sent to the Oslo Stock Exchange immediately.

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