StrongPoint — Earnings Release 2010

Jul 30, 2010

PSI GROUP - Second quarter 2010 results

HIGHLIGHTS

-    PSI has succeeded in reversing the negative result in Q1, and the profit

has grown within all business areas

-    Operating revenues of MNOK 138.9 in the second quarter 2010 (MNOK 148.1),

down 6.2 per cent. In first half 2010 operating revenues were MNOK 268.2 (MNOK

295.3) down 9.2 per cent.

-    EBITDA of MNOK 12.8 in the second quarter 2010 (MNOK 13.2). In first half

EBITDA was NOK 12.9 million (NOK 30.1 million).

-    Positive cash flow from operating activities of MNOK 13.0 (MNOK 0.8). In

first half 2010 the cash flow from operating activities was MNOK - 6.9 (MNOK -

8.3).

-    Continued weak sales for the division Cash Management CIT/ATM, but the

full effect of the measures gave positive EBITDA. This division received pilot

orders in two new major markets.

THE GROUP

The Group generated operating revenues of NOK 138.9 million in the second

quarter 2010, compared with NOK 148.1 million in the corresponding period in

The reduction in operating revenues during the quarter can be ascribed to lower

sales in the Cash Management CIT/ATM business area.

Operating profit before depreciation (EBITDA) in the second quarter 2010 was NOK

12.8 million, some NOK 0.4 million less than the year before. The decrease was

due to the development in Cash Management CIT/ ATM where EBITDA fell by NOK 3.8

million compared to the corresponding period last year.

The Group made a pre-tax gain of NOK 4.9 million in the second quarter 2010,

compared with a profit of NOK 3.5 million in the same quarter in 2009.

For more information, please contact:

Jørgen Waaler, CEO PSI Group ASA, Tel +47 905 90 010

About PSI Group

PSI Group is a leading global provider of closed and secure 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 330 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

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

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