TTS: Bond Issue a Success

With reference to statement sent to Oslo Stock Exchange on May 4, 2007, TTS Marine ASA said that the company has closed a 3 year Unsecured Bond Issue in the Norwegian market.

The loan was fully subscribed with a total loan amount of NOK 500 million, with settlement date 24 May 2007, based on 3 month NIBOR +1.6 percent. The loan will be listed at the Alternative Bond Market (ABM). DnB NOR Markets acted as the sole arranger of the loan.

The loan will partially finance TTS' acquisition of all shares in Sense EDM AS.