StrongPoint

Earnings Release • Oct 24, 2014

PSI Group ASA : Third quarter 2014 result

PSI Group ASA : Third quarter 2014 result

Operating revenues: MNOK 206.3 (MNOK 144.9) + 42.3 per cent

PSI Technology had revenues of MNOK 123.6 (MNOK 76.9), an increase of 60.8 per

cent, whereof the organic growth was 39.2 per cent. CashGuard is the largest

contributor with an increase in revenues of 65.2 per cent while SQS Security has

increased the revenue by 3.4 per cent. In addition newly acquired Vensafe

contributes with MNOK 16.6 in the period.

PSI Retail had revenues of MNOK 51.7 (MNOK 43.9), an increase of 17.6 per cent,

whereof an organic decrease in revenue of 31.3 per cent.  The decrease comes as

a natural result of the completion of a major ESL-project to a leading Norwegian

retail chain. The acquisition of New Vision contributes with a growth of

MNOK 21.5 in the period.

PSI Labels had revenues of MNOK 39.0 (MNOK 26.1), an increase of 49.4 per cent.

The increase comes primarily from organic growth.

EBITDA: MNOK 14.1 (MNOK 10.1)

PSI Technology: MNOK 11.6 (MNOK 5.7), an increase of MNOK 5.9. EBITDA includes

MNOK - 0.5 from Vensafe.

PSI Retail: MNOK 2.7 (MNOK 6.0), a decrease of MNOK 3.3. EBITDA includes MNOK

0.5 from New Vision.

PSI Labels: MNOK 3.6 (MNOK 0.9), an increase of MNOK 2.7.

Cash flow from operational activities: MNOK - 9.4 (MNOK 8.3)

About PSI Group:

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

integrated Technology Solutions enabling store owners to perform to their full

potential.

PSI Group has its headquarter in Rælingen and has approx. 580 employees in the

Nordics, the Baltics and the rest of Europe. The company is listed on the Oslo

Stock Exchange. For further information, visit www.psigroup.no

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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