StrongPoint

Earnings Release • Apr 25, 2014

PSI Group ASA : First quarter 2014 result

PSI Group ASA : First quarter 2014 result

HIGHLIGHTS 1ST QUARTER 2014

Operating revenues: MNOK 173,2 (MNOK 186,8).

A decrease of 7.3 per cent for the Group.

1.2 per cent decrease for PSI Technology to MNOK 89.8 (MNOK 90.9). CashGuard has

increased the revenues with 42.4 per cent, while SQS Security has a decrease in

turnover of 52 per cent.

34.1 per cent decrease for PSI Retail to MNOK 50.2 (MNOK 76.2). The decline is

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

completed in summer 2013.

132.7 per cent increase for PSI Labels to MNOK 41.9 (MNOK 18.0). The increase

comes from both the acquisition of businesses and organic growth.

EBITDA: MNOK 10.0 (MNOK 13.1)

MNOK 0.4 reduced EBITDA for PSI Technology to MNOK 6.1 (MNOK 6.5).

MNOK 4.7 reduced EBITDA for PSI Retail to MNOK 4.6 (MNOK 9.3).

MNOK 2.7 increased EBITDA for PSI Labels to MNOK 2.6 (MNOK -0.1).

Cash flow from operational activities: MNOK -8.3 (MNOK 1.0) - high turnover in

March

PSI Group ASA acquired 8 April 2014 100 per cent of Vensafe AS.

PSI Retail has signed a framework agreement for the delivery, installation and

service of Pricer's electronic shelf labels to a retail chain in Norway. The

deliveres are scheduled to start in the second quarter.

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, a public company listed at Oslo Stock Exchange, has it's headquarter

at Rælingen, close to Oslo, with a total staff of approximately 350 in

Scandinavia and Europe.

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#1779884]