New distribution agreement opens the Finnish market for CashGuard



CashGuard AB, a wholly owned subsidiary of PSI Group ASA and leading
provider of secure cash handling solutions for grocery and retail
trade, has signed a distribution agreement with Finnish
Monilaite-Thomeko Oy. The non-exclusive agreement comprises
distribution and service of CashGuard's cash handling solutions in
Finland - and represents an important strategic move in a new market
with a significant potential.

- With this distribution agreement we make a further leap forward in
the Nordic region by increasing the accessibility and sales pressure
related to CashGuard. The potential in the Finnish market alone is
expected to be significant, and could make it one of the strongest
growth markets for CashGuard - as a natural continuation of PSI's
successful growth in the Norwegian and Swedish markets. At the same
time it is of great strategic value that we - as leading partner for
large chains within grocery and specialist trade - to an even larger
degree are integrating sales and services related to CashGuard in the
entire Nordic region. In addition this represents yet another entry
into a Euro market, where in the years ahead, an overall significant
growth is expected, says Jørgen Waaler, CEO of PSI Group ASA.

Monilaite-Thomeko Oy is a technology and service partner for retail,
fast food and industrial trade in Finland - with a quite similar
position to PSI's Retail Solutions in Norway and Sweden - with
additional business activity in the Baltics and Russia. As part of
the initial cooperation mainly test and pilot deliveries of CashGuard
systems are expected during the current year. Together with
Monilaite-Thomeko Oy the objective is to establish a leading market
position for CashGuard in Finland.

With strongly increasing demand for CashGuard's cash handling
solutions, and several new framework agreements with leading chains
in Norway and Sweden so far this year, the prospects for growth and
profitability in this field are good - both in the Nordic market and
in new markets in Europe and internationally.

CashGuard AB is a subsidiary of PSI Group ASA and forms one of the
Group's three business areas; Cash Management Retail. The company's R
& D operations and management are located in Stockholm. An installed
base of nearly 14 000 CashGuard systems operate daily at all kinds of
cash points of retail sales. The client base includes mainly Nordic
grocery chains and retail stores, but 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 a staff
of more than 400 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