PSI Group ASA, Scandinavia's leading provider of retail technology solutions, strengthens the Group's top management. Per Haagensen from Tomra has been appointed as Business Area Executive for Retail Solutions, the largest of PSI Group's three business areas measured by turnover. Per Haagensen is 50 years old and holds a Master degree in in Business and Economics from the Norwegian School of Management (Handelshøyskolen BI). The past 11 years he has served as Managing Director of Tomra Butikksystemer AS ensuring a good know-how of technology solutions for the retail industry. He will take up his position on 1 February 2010. - We are extremely pleased to welcome Per Haagensen on board. The appointment will strengthen the executive management team in PSI Group while Retail Solutions will profit from an experienced manager and business man with in-depth knowledge of the industry. In addition, we see great potential in gathering the traditional PSI businesses in Norway and Sweden under a unified management across national borders, says Jørgen Waaler, CEO of PSI Group ASA. Today the business area Retail Solutions is managed by Jørgen Waaler in Norway and Göran Ohls in Sweden. After 12 years as head of PSI Antonson - and with a significant track record of creating added value following PSI Group's acquisition of the company in 2004 - Göran Ohls will retire during 2009. Retail Solutions achieved total sales of NOK 430.1 million and EBITDA of NOK 37.9 million in 2008. The operations are mainly executed through the companies PSI Systems AS and PSI Antonson AB. PSI Group's Retail Solutions is market leader in Norway and Sweden within delivery of advanced IT solutions to the retail trade sector controlling, improving, deploying and securing cash, goods and consumer information. 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 theOslo Stock Exchange and Nasdaq OMX in Stockholm. For more information, visit www.psi.no
New Business Area Executive for Retail Solutions
| Source: PSI Group ASA