Allocation to primary insiders in PSI Group's rights issue

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN


Reference is made to the final results of the rights issue in PSI Group ASA, which was announced earlier today. The following primary insiders have been allocated shares at a subscription price of NOK 3.30 per share in accordance with the procedures and on the terms set out in the prospectus dated 3 August 2011:

Jørgen Waaler, CEO (including fully owned companies)
Shares allocated based on exercised subscription rights: 300 000
Shares allocated based on oversubscription: 300 000
New holding is 900 000 shares in PSI Group ASA, 2.0 % of the outstanding shares.

Anders Nilsen, CFO
Shares allocated based on exercised subscription rights: 13 000
Shares allocated based on oversubscription: 7 000
New holding is 33 000 shares in PSI Group ASA, 0.1 % of the outstanding shares.

Erik Svedmark, CEO SQS Security Qube System AB
Shares allocated based on exercised subscription rights: 25 000
Shares allocated based on oversubscription: 0
New holding is 50 000 shares in PSI Group ASA, 0.1 % of the outstanding shares.

Torgeir Abusdal, CEO CashGuard AB
Shares allocated based on exercised subscription rights: 34 000
Shares allocated based on oversubscription: 0
New holding is 68 000 shares in PSI Group ASA, 0.2 % of the outstanding shares.

Per Haagensen, CEO Retail Solutions
Shares allocated based on exercised subscription rights: 5 000
Shares allocated based on oversubscription: 0
New holding is 10 000 shares in PSI Group ASA, 0.0 % of the outstanding shares.

Åsa Andersson, CFO SQS Security Qube System AB
Shares allocated based on exercised subscription rights: 700
Shares allocated based on oversubscription: 0
New holding is 1 400 shares in PSI Group ASA, 0.0 % of the outstanding shares.

Svein Jacobsen, Chairman of the board (including fully owned companies)
Shares allocated based on exercised subscription rights: 50 000
Shares allocated based on oversubscription: 350 000
New holding is 450 000 shares in PSI Group ASA, 1.0 % of the outstanding shares.

Selma Kveim, Board member
Shares allocated based on exercised subscription rights: 6 500
Shares allocated based on oversubscription: 7 500
New holding is 20 500 shares in PSI Group ASA, 0.0 % of the outstanding shares.

Erik Pinnås, Board member (including fully owned companies)
Shares allocated based on exercised subscription rights: 1 971 000
Shares allocated based on oversubscription: 0
New holding is 4 932 276 shares in PSI Group ASA, 11.1 % of the outstanding shares.


For further information, please contact:
Jørgen Waaler
CEO of PSI Group ASA
Phone +47 905 90 010
www.psigroup.no

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This announcement is not an offer for sale of securities in the United States. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. PSI Group ASA does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Any offering of securities will be made by means of a prospectus that may be obtained from PSI Group ASA and that will contain detailed information about the company and management, as well as financial statements. Copies of this announcement are not being made and may not be distributed or sent into the United States.
This communication is directed only at persons who (i) are outside of the United Kingdom or (ii) have professional experience in matters relating to investments or (iii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc") of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.