PSI Group ASA: OFFER TO SHAREHOLDERS HOLDING 1,000 SHARES OR LESS - TRANSFER OF SHARES

Reference is made to the Stock Exchange notifications dated 11 May 2012 regarding the offer from PSI Group ASA to purchase shares from shareholders who as of 11 May 2012, held 1 000 shares or less in PSI Group ASA (the "Offer").

PSI Group ASA has been transferred a total of 373,834 shares (145,975 from VPS and 227,859 from Euroclear). After this, PSI Group ASA owns 671,761 own shares.

In accordance with Section 4-24 of the Norwegian Public Limited Companies Act, PSI Group ASA will apply to the Norwegian Ministry of Trade and Industry for permission to carry out a compulsory acquisition of shares owned by shareholders whose shares have a total value that does not exceed NOK 500. The compulsory acquisition will be completed on the basis of the same purchase price per share as in the Offer NOK 4.02 (SEK 4.71).

For additional information please contact:
Anders Nilsen
CFO of PSI Group ASA
Phone +47 932 59 410

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.