StrongPoint

Regulatory Filings • Dec 23, 2014

PSI Group ASA: NorgesGruppen signs an agreement for Pricer solutions for their 130 Meny-Ultra stores

PSI Group ASA: NorgesGruppen signs an agreement for Pricer solutions for their 130 Meny-Ultra stores

NorgesGruppen KonsernAnskaffelser AS, a fully owned subsidiary of NorgesGruppen

ASA, and PSI Systems AS, a fully owned subsidiary of PSI Group ASA, has signed

an agreement regarding deliveries, installation and service of Pricer's

electronic shelf labels for 130 Meny-Ultra stores in NorgesGruppen. The

Agreement also includes possible deliveries to the remaining Meny-Ultra stores.

The agreement is valued to more than MNOK 100. The infrastructure and solutions

will be delivered and installed during 2015, starting in February 2015.

Pricer's technology enables, through an IR based wireless infrastructure, all of

the stores paper based price labels to be replaced by electronic labels. These

small computer screens/labels, on the size of a paper based label, retrieves

automatically price and relevant consumer information from the same data labels

used when the goods are scanned at the Point of Sales.

"We have worked determinedly for several years in order to facilitate, test and

verify the Pricer concept for NorgesGruppen", says Jørgen Waaler, CEO in PSI

Group ASA.

"The works starts now; and our only goal is to meet the expectations and ensure

that the project is successful so that the Meny-Ultra chain's merchants and

employees are satisfied with the solution and increase their efficiency and

competitiveness" concludes Waaler.

NorgesGruppen is Norway's largest retail chain, including the chains Meny-Ultra,

Kiwi, Spar and Joker.

For further information, please contact:

Jørgen Waaler,

CEO PSI Group ASA,

Mobil: +47 9059 0010

About PSI Group

PSI Group's mission: Driving Retailers' profitability by providing innovative

integrated technology solutions.

PSI Group's vision: Becoming a recognized global provider of Retail Technology

Solutions.

PSI Group is a leading European provider of retail technology, and has

approximately 580 employees. The company is listed on the Oslo Stock Exchange.

See www.psigroup.no for further information.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1883295]