TTS Group ASA: Vantage Drilling suspend construction efforts

         TTS Group ASA: Vantage Drilling suspend construction efforts

TTS Group ASA, through its subsidiary TTS Offshore Handling Equipment AS
signed a contract 24 of October 2012 with STX Offshore & Shipbuilding Co.,
Ltd., to supply a complete lifting equipment package for an ultra-deepwater
drillship. The customer of STX Offshore & Shipbuilding Co., Ltd. was Sigma
Drilling Ltd., of which Vantage Drilling Co. is a partner. TTS has an indirect
minor ownership position in Sigma Drilling Ltd.

Vantage Drilling Co. has announced that STX has suspended construction efforts
on the drillship in connection with STX's restructuring efforts. Vantage has
also noted that it and Sigma Drilling Ltd. are discussing with STX the
possible means for execution of the remaining contracted scope of work.
Vantage further reported it anticipated that an agreeable work plan would
result in delivery in the first or second quarter of 2016.

Bergen, 25 September 2013.
Contact persons:
Johannes D. Neteland
President & CEO
M: +47 918 46906
Arild Apelthun
M: +47 918 19265
Miao Reinlund
VP Communications
M:. +47 900 65 883

Tel.: +47 55 94 74 00 / Fax: +47 55 94 74 01

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


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: TTS Group ASA via Thomson Reuters ONE
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