PSI GROUP - Third quarter 2009 results

Rælingen, Norway, 12 November 2009: PSI Group had operating  revenues
of NOK 116.3 million in the third quarter of 2009, compared with  NOK
120.9 million  in the  third  quarter last  year. This  represents  a
decrease of 3.8  per cent. Operating  profit before depreciation  and
amortization (EBITDA) in the quarter came to NOK 0.3 million compared
with NOK 12.6 million in the third quarter last year.

In the first nine months of  2009, PSI Group`s revenues increased  by
16.2 per  cent  to  NOK  411.5  million.  The  increase  in  revenues
primarily reflects the merger with CashGuard. The development in  the
third  quarter  is  influenced  by  reduced  turnover  in  the   Cash
Management CIT/ATM business. However,  a number of contracts  secured
by  this  area  in  the  period  mean  that  activity  is  now  at  a
satisfactory level.

- We present a result influenced by extraordinary items and excessive
costs in the Norwegian part of Retail Solutions. We have  implemented
measures to improve profitability.  The demand for CashGuard  systems
is solid and in addition we have secured important contracts for Cash
Management CIT/ATM. This will ensure  a high level of activity  going
forward, says Jørgen Waaler, president and CEO of PSI Group ASA.

Total  operating  costs   including  depreciation  and   amortization
amounted to NOK  116.0 million in  the third quarter,  up from  108.3
million in the same period 2008. The result in the quarter is charged
with extraordinary items totaling NOK 4.5 million. Measures have been
implemented to reduce payroll costs by  NOK 7.5 million on an  annual
basis. These will  take gradual  effect over the  next two  quarters.
During the first nine months of  2009, PSI Group had operating  costs
of NOK 381.1 million, up from NOK 324.7 million in the same period of
2008.

Operating profit before  depreciation and  amortization (EBITDA)  for
the third quarter  came to NOK  0.3 million, compared  with NOK  12.6
million in the same period of 2008. EBIT for the first three quarters
of 2009 came to NOK 30.4 million with a corresponding EBIT margin  of
7.4 per cent.

Diluted earnings  per share  were  a negative  of  NOK 0.35  for  the
quarter, compared with NOK 0.05 in the third quarter 2008.

For more information, please contact:
Jørgen Waaler, CEO PSI Group ASA, Tel +47 905 90 010

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-asa.com