CashGuard AB: Merger plan adopted by the Boards of Directors of PSI and CashGuard

As previously announced, on 16 April earlier this year, the Boards of
Directors of PSI Group ASA and CashGuard AB (publ) have entered into
a merger agreement between the companies. The Boards of Directors
also adopted the merger plan, which sets forth the continued merger
process. The agreed exchange relation, as well as all other
conditions, remain unaltered. As earlier stated it is expected that
the merger will be completed before the end of August 2008.
 
As part of the continued merger process the merger plan will be
submitted for approval by an extraordinary shareholders' meeting in
CashGuard AB and by an ordinary shareholders' meeting in PSI Group
ASA. According to plan, the shareholders' meetings will be held on 10
June 2008, which means that the date for the ordinary shareholders'
meeting in PSI Group ASA (22 May 2008) which was earlier communicated
has been pushed forward.
Notice to the ordinary shareholders' meeting in PSI Group ASA and the
extraordinary shareholders' meeting in CashGuard AB will be made no
later than two weeks before the shareholders' meetings are to be
held. The merger plan, including exhibits thereto, will be made
available to the companies' shareholders as soon as practically
possible. A prospectus regarding the merger will also be made public.
As follows from the adopted merger plan and the merger process, the
announcement of the first quarter results for 2008 will be delayed
for both PSI Group ASA and CashGuard AB until 29 May 2008. At the
same time pro forma figures for the new company will be presented.
  
For further information please contact:
Leif Flemming Bakke, Chairman of the Board PSI Group ASA, Tel no +47
90722 200
Mats-Olof Ljungkvist, Chairman of the Board CashGuard AB, Tel no: +46
7 088 69 013
 
 
Information on PSI Group
PSI is Scandinavia's leading supplier of advanced IT-solutions for
the retail business - which manages, distributes and secures cash and
effectuates the handling of price-, product- and consumer
information. PSI Group has its headquarters in Raelingen and has
approximately 210 employees in Norway and Sweden with a turnover of
approximately MNOK 461 during 2007. The company's shares are listed
on Oslo Börs and is presently the largest shareholder in CashGuard
AB. For further information please see www.psi.no.
 
Information on CashGuard AB (publ)
CashGuard develops and sells products and services for closed cash
handling and cash logistics. The company approaches, directly and
through distribution partners, companies within trade, post and bank
as well as security companies. The CashGuard Group has approximately
180 employees and had a turn over of approximately MSEK 387 during
2007. The shares are listed on OMX Nordic Exchange Stockholm. For
further information, see Exhibit 1 and www.cashguard.se.
 
 
Exhibit 1: Further information on CashGuard AB
 
The Board of Directors in CashGuard AB consists of *:
  -  Mats-Olof Ljungkvist (chairman of the board)
  -  Mats Andersson
  -  Leif Flemming Bakke
 
The management in CashGuard AB consists of**:
  -  Agne Pettersson (CEO)
  -  Pontus Ljungberg (Service manager)
  -  Björn Eriksson (Technical manager)
  -  Marie von Sydow (Production director)
 
Key figures for CashGuard**:
Net revenues for 2007 MSEK 387
Profit or loss before tax for 2007 MSEK - 21
Shareholder's equity as at 31-12-2007 MSEK 244
Total liabilities as at 31-12-2007 MSEK 158
Total assets as at 31-12-2007 MSEK 402
 
* Information taken from CashGuard's press release 18 April 2008
** Information taken from CashGuard's annual report for the financialyear 2007
 
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