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").
In total (1,391) shareholders have accepted the Offer for a total number of 373,994 shares (146,135 at VPS and 227,859 at Euroclear) in PSI Group ASA. After this, PSI Group ASA owns 671,921 own shares. The settlement in cash based on an offer price of NOK 4.02 (SEK 4.71) per share will be made Tuesday 19 June 2012 to those shareholders that have accepted the Offer. The entire sales amount in NOK (for shareholders registered in VPS in Norway) or SEK (for shareholders registered in Euroclear in Sweden) is transferred to the Norwegian or Swedish bank account registered as your dividend account in VPS or Euroclear or to such other bank account as you indicate in the acceptance form. If no dividend bank account is registered with VPS or Euroclear and no account is indicated in the acceptance form, settlement will be made by bank transfer service ("bankgiro") to Norwegian and Swedish residents and by check to the foreign residents.
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.
For additional information please contact:
Anders Nilsen
CFO of PSI Group ASA
Phone +47 932 59 410