PSI Group - Svein S. Jacobsen new Chairman of PSI Group

The Board of Directors of PSI Group ASA has on 11 November elected
Svein S. Jacobsen as new Chairman of the Board of the Group. Jacobsen
assumes the position after Leif Flemming Bakke, who has been the
Chairman of PSI Group ASA for 5 years.

Svein S. Jacobsen was elected as member of the Board of PSI Group in
January 2009 to strengthening the Board's competences, particularly
within internationalisation of the company's technology. The
appointment of Jacobsen as new Chairman is part of a planned process,
as Leif Flemming Bakke has signaled his intention to resign from the
Board to be able to prioritize other tasks.

Jacobsen (58) holds a Master of Science in Economics and Business
Administration and is a Certified Accountant from the Norwegian
School of Economics and Business Administration. He has been the
Group CEO of Tomra ASA for 8 years and is today on the Board of Orkla
ASA (vice chairman), Expert ASA (vice chairman), Vensafe ASA and
Nordea Bank AB in Sweden.

"With his international experience within retail and technology, the
Board is in the opinion that Jacobsen will be an important
contributor to the internationalisation of the Company - which is the
primary focus area for PSI going forward", says the former Chairman
of PSI, Leif Flemming Bakke.

For further information, please contact:

Svein S. Jacobsen
Chairman, PSI Group ASA
Tel + 47 9226 2667

Jørgen Waaler
CEO, PSI Group ASA
Tel +47 905 90 010

About PSI Group
PSI Group is a leading global provider of closed cash handling
solutions in the society and provider of retail technology for
improving the efficiency of price, goods and consumer information in
selected geographical areas.

PSI Group is head quartered at Rælingen (Norway) and has about 350
employees in Scandinavia and Europe. The company is listed on the
Oslo Stock Exchange and Nasdaq OMX in Stockholm.

For more information, visit www.psi.no