SQS achieves considerable profits and synergies by the acquisition of FriströmInnovasjon AB

SQS, which develops leading security solutions for the international
ATM and CIT markets, has today signed an agreement regarding a
takeover of Friström Innovasjon AB. The acquisition provides SQS with
considerable cost savings and synergies as well as full ownership of
the entire pyrotechnical part of the company's leading security
technology. The takeover is expected to have an annual positive
impact on SQS's profits of SEK 4-5 million, but already in 4th
quarter this year a positive EBITDA impact for PSI Group of SEK 13
million will be achieved related to gains from reversing long term
balance sheet liabilities to Friström Innovasjon AB. This comes in
addition to PSI Group's strong prospects for 4th quarter 2008 of an
expected increase in operating revenues from 3rd quarter this year of
40-50 percent and an EBITDA margin of 14-16 percent. Concurrently PSI
continues to deliver a strong cash flow from operations, to which the
acquisition of Friström Innovasjon is expected to contribute on a
running basis in the time to come.

The takeover of Friström Innovasjon will take place on 14 November
this year and the acquisition amount is limited upwards to SEK 14
million beyond the book value of the company's equity on the time of
the takeover, estimated to SEK 4 million. The settlement will be made
with a smaller share of cash on the acquisition date whereas the
remaining part of the acquisition amount will be paid over the next
three years upon the fulfilment of pre-defined conditions. Due
diligence has already been concluded.

Friström Innovasjon has the exclusive rights to produce all
pyrotechnical equipment, including explosive charges, which is
included in all products from SQS. In addition there exists a royalty
agreement between the companies based on operating revenues
originating from the transfer of several patented rights from
Friström Innovasjon to SQS ten years ago. As a result of this
agreement Friström Innovasjon is an exclusive manufacturer to SQS
today with annual operating revenues of SEK 10 million and an EBITDA
of SEK 3 million. Both SQS and Friström Innovasjon are located in
Skellefteå in Sweden and this will create considerable synergies
through coordination of the companies operations.

- The takeover of Friström Innovasjon makes sense both from a
financial, industrial and organisational perspective. Not only do we
gain profit already in our 4th quarter accounts this year of
approximately the same size as the expected acquisition amount, but
in addition this represents annual expected cost savings of SEK 4-5
million, thus improving SQS margins. At the same time the transaction
is structured in such a way that it will not put a strain on the
company's liquidity to any considerable degree as the main part of
the settlement will take place during the next three years and mainly
be financed through the cash flow from the operations of Friström
Innovasjon. From a strategic point of view the acquisition of
Friström Innovasjon is important in order to secure free reins in
relation to SQS and ownership to the leading technology. This adds
further flexibility and force to our SQS commitment through complete
ownership of the technology, says Leif-Flemming Bakke, chairman of
PSI Group ASA.

SQS (Security Qube System) is a subsidiary of PSI Group and forms one
of the group's three business areas, Cash Management CIT / ATM. The
company's development and production operations as well as
administration and management team are located in Skellefteå, Sweden.
Erik Svedmark took up the position as Chief Executive Officer of SQS
this week. The customers are mainly Nordic, European and
international banks as well as companies within valuables transports.

For additional information please contact:

Leif-Flemming Bakke
Chairman of PSI Group ASA
Phone +47 907 222 00

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.

For more information, see www.psi.no.