StrongPoint

PSI Group ASA : Fourth quarter 2013 result

HIGHLIGHTS

· Very good turnover in the quarter for both Retail Solutions and

CashGuard. It has however been a challenging quarter for SQS Security, with low

turnover and nonrecurring costs

· Overall for 2013, there has been growth in all business areas. Retail

Solutions has delivered record high turnover and EBITDA.

· The sale of InStore IT companies generated a profit of MNOK 33.0 in

the 3rd quarter. The profit is classified as a financial item.

· The Board proposes to increase the dividend with 20 % to NOK 0.30 per

share.

· Operating revenues

Operating revenues of MNOK 188.5 in the fourth quarter (MNOK 187.9), an increase

of 0.3 per cent.

For the year 2013 operating revenue was MNOK 718.9 (MNOK 595.9), an increase of

20.6 per cent.

· EBITDA

EBITDA of MNOK 15.5 in the fourth quarter (MNOK 14.9), an increase of 4.0 per

cent.

For the year 2013 EBITDA was MNOK 54.2 (MNOK 40.2), an increase of 34.8 per

cent. This reflects the strong result in Retail Solutions and CashGuard. Despite

the good growth in revenue the disappointing results of SQS Security has

affected negatively.

· Cash flow

Cash flow from operating activities was MNOK 34.9 in the fourth quarter (MNOK

25.8) an increase of MNOK 9.1 compared to the same period in 2012.

For the year 2013 the cash flow from operating activities was MNOK 66.2 (MNOK

25.9).

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 about 315 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#1764290]

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