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PSI Group ASA: SQS Security enters into a framework agreement for delivery of intelligent security solutions to a European Cash In Transit company

PSI Group ASA's business area SQS Security, the leading provider of intelligent

cash handling solutions for the international bank and Cash In Transit ("CIT")

markets, has signed a framework agreement with a leading European CIT company

to equip their fleet of vehicles with SQS Security's security cases and

intelligent accessories. The first deliveries will start in April.

SQS Security's product range is based on a unique technology protected by more

than 40 patents. The products are used by CIT companies, banks, ATM operators

and retail stores. SQS Security is known for its impenetrable security cases,

and extensive range intelligent accessories such as racks, key systems and

complementary management software. Key concepts include Soft Car solutions (non-

armored vehicle used for transporting cash) and full serviced End To End

solutions for closed cash handling.

SQS Security has operations in several European countries and approximately 80

employees. SQS Security Qube System AB is a fully owned subsidiary of PSI Group

ASA in Norway.

For further information, please contact:

Jørgen Waaler

CEO, PSI Group ASA

Tel +47 47 905 90 010

About PSI Group

PSI Group is a leading global provider of the market's most reliable cash

handling solutions and the leading systems integrator of retail technology

solutions in Norway and Sweden.

PSI Group is headquartered in Rælingen (Norway) and has 314 employees in

Scandinavia and Europe. The company is listed on the Oslo Stock Exchange.

For further information: www.psigroup.no

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1766809]

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