Framework agreement for delivery of approximately 400 CashGuard systems in Sweden

PSI Antonson AB, a wholly owned subsidiary of PSI Group ASA, has signed a framework agreement for delivery of CashGuard solutions to a large Swedish retail chain. Deliveries will include an estimated 400 cash management systems related to a larger replacement and upgrading project. As part of this CashGuard Premium will partly replace older cash management solutions with an estimated deployment period of nearly one year commencing this autumn. This represents one of the largest framework agreements for CashGuard signed by PSI during recent years measured by expected deployment rate and volume.

- Obviously, for PSI it is of great significance that CashGuard yet again is preferred by leading and professional second time buyers of cash management solutions. At the same time, we are expecting a significant delivery volume. The agreement is enabling modernisation, in addition to creating additional opportunities for further upgrades in the years ahead, which in turn could provide benefits that further optimize and secure the cash handling process throughout the value chain for the customer, says Jørgen Waaler, CEO of PSI Group, and adds:

- This enables more efficient service and maintenance work related to the cash handling solutions, which is an advantage to all parties involved. The CashGuard solutions also enable better utilisation of new systems for clearing and re-filling of cash. We have entered into similar agreements before with very beneficial results - both in terms of volume and frequency. On this basis a rapid deployment rate during the project period with delivery of a significant number of new CashGuard systems in 2009 and 2010, could be expected. We are both humble and extremely proud to gain confidence as preferred partner for another professional second time buyer of cash management solutions. It confirms CashGuard's high level of reliability and stability as well as its leading position in the market.

The objective is to replace an estimated 400 old cash handling systems with CashGuard Premium. The decision regarding the replacement rate and volume will be linked to the upgrading and replacement project with an expected implementation phase ranging from the autumn of 2009 to the summer of 2010.

For additional information please contact:

Jørgen Waaler
CEO of PSI Group ASA
Phone +47 905 90 010

Facts about PSI Group
PSI Group is the leading global provider of closed cash handling solutions, wherever money moves, and a leading local provider of comprehensive retail solutions in selected geographical markets.

PSI Group, with 360 employees in Scandinavia and Europe, is head quartered in Oslo, Norway. The company is listed on the Oslo Stock Exchange and on the Nasdaq OMX in Stockholm.

For more information, see www.psi.no.