StrongPoint

Earnings Release • Jul 11, 2014

PSI Group ASA : Second quarter 2014 result

PSI Group ASA : Second quarter 2014 result

PSI Group ASA has an ambitious strategy to develop the group into a leading

European retail group. This goal will be reached by offering customers an

attractive product range in retail solutions, software solutions, services and

service in more and more markets.

As a step towards this goal we have in the last quarter acquired two new

businesses: Vensafe and New Vision

HIGHLIGHTS 2ND QUARTER 2014

Operating revenues: MNOK 196.8 (MNOK 198.6).

* 32.0 per cent increase for PSI Technology to MNOK 119.1 (MNOK 90.2).

CashGuard has increased the revenues with 18.9 per cent and SQS Security has

increased the revenues with 10.3 per cent.

* 56.5 per cent decrease for PSI Retail to MNOK 38.8 (MNOK 89.1). The decline

is related to the roll out of electronic shelf labels to Rema 1000 which was

completed in summer 2013.

* 108.2 per cent increase for PSI Labels to MNOK 43.5 (MNOK 20.9). The

increase comes from both the acquisition of businesses and organic growth.

EBITDA: MNOK 10.1 (MNOK 15.5)

* MNOK 2.8 increased EBITDA for PSI Technology to MNOK 9.0 (MNOK 6.2). EBITDA

includes MNOK - 0.3 from Vensafe.

* MNOK 10.6 decreased EBITDA for PSI Retail to MNOK 1.1 (MNOK 11.7).

* MNOK 2.2 increased EBITDA for PSI Labels to MNOK 2.4 (MNOK 0.2). EBITDA

includes non-recurring expenses of MNOK 1.4 related to the merger in Sweden.

Cashflow from operational activities: MNOK-3.5 (MNOK 21.9)

* Strong sales in May-June has resulted in increase of working capital

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. 560 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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