Breakthrough contract for CashGuard with Coop in Kuwait City

CashGuard AB, the leading provider of closed and secure cash handling
solutions for the Nordic, European and international grocery and
retail industry, has just signed a strategically important
breakthrough order with Coop in Kuwait. Together with PSI Group's
Kuwaiti partner, Money Guard Technologies, an initial pilot
installation of 20 CashGuard systems is to be implemented at all cash
registers in the Kuwaiti Coop Store Shamieh & Shuwaik Co-Operative
Society. Implementation will take place as soon as the new CashGuard
solution adapted to Kuwaiti dinars has been finalized. The market
potential in Kuwait and the Middle East is expected to be significant
in the long term.

- Not only does this confirm CashGuard's attractiveness among large
and leading retailers around the world, but it also represents a
strategically important entry into a new and interesting market.
Successful growth and internationalisation of CashGuard is a key
priority area. The agreement for implementation of CashGuard at Coop
in Kuwait City is the first contract in a very exciting region. On
this basis - together with our partner - it is reasonable to have
positive expectations going ahead. At the same time we are very
pleased that the customer in this case is Coop and that the
implementation includes all cash registers in one of the chain's
largest stores in Kuwait, says Jørgen Waaler, CEO of PSI Group ASA.

Coop is a significant retail player in Kuwait including more than 55
regional Coop associations in the country which each covers several
stores. The stores have from 3 to 25 cash registers and in total
there are approximately 1,200 cash registers in the Coop chain in
Kuwait. Thus, the store in question where the pilot installation will
be implemented, Shamieh & Shuwaik Co-Operative Society, is one of the
very largest Coop stores and the concept founder.

- As the Kuwaiti partner we have invested heavily in CashGuard as we
are convinced that there is a huge potential for secure cash handling
solutions in Kuwait and the Middle East. Most of our business is
built around CashGuard and we expect that this breakthrough order
could speed-up the understanding and demand for CashGuard in this
market. Once the dinars customization is completed, the possibility
for further deliveries are good, especially since daily unsecured
cash handling transactions is a growing problem also here, says Omar
AlOmar, Managing Director and Owner of Money Guard Technologies
(L.L.C.) in Kuwait.

CashGuard AB, a wholly subsidiary of PSI Group ASA, forms one of the
Group`s three business areas; Cash Management Retail. The company`s
management team and R & D operations are located in Stockholm,
Sweden. An installed base of nearly 14 000 systems operate every day
at all kinds of cash handling retail points of sale. The client base
includes most large grocery chains in Scandinavia and increasingly
also European and international players.

For additional information please contact:

Jørgen Waaler
CEO of PSI Group ASA
Phone +47 905 90 010

Facts 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 in Rælingen (Norway) and employs around
360 staff in Scandinavia and Europe. The company is listed on the
Oslo Stock Exchange and Nasdaq OMX in Stockholm.