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CashGuard’s parent company releases Q4 results

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Highlights

·  Very good turnover in the quarter for both Retail Solutions and CashGuard. It has however been a challenging quarter for SQS Security, with low turnover and nonrecurring costs

·  Overall for 2013, there has been growth in all business areas. Retail Solutions has delivered record high turnover and EBITDA.

·  The sale of InStore IT companies generated a profit of MNOK 33.0 in the 3rd quarter. The profit is classified as a financial item.

·  The Board proposes to increase the dividend with 20 % to NOK 0.30 per share.

Operating revenues
Operating revenues of MNOK 188.5 in the fourth quarter (MNOK 187.9), an increase of 0.3 per cent.

For the year 2013 operating revenue was MNOK 718.9 (MNOK 595.9), an increase of 20.6 per cent.

EBITDA
EBITDA of MNOK 15.5 in the fourth quarter (MNOK 14.9), an increase of 4.0 per cent.

For the year 2013 EBITDA was MNOK 54.2 (MNOK 40.2), an increase of 34.8 per cent. This reflects the strong result in Retail Solutions and CashGuard. Despite the good growth in revenue the disappointing results of SQS Security has affected negatively.

Cash flow
Cash flow from operating activities was MNOK 34.9 in the fourth quarter (MNOK 25.8) an increase of MNOK 9.1 compared to the same period in 2012.

For the year 2013 the cash flow from operating activities was MNOK 66.2 (MNOK 25.9).

About PSI Group
PSI Group is a leading global provider of the market's most reliable cash handling solutions and the leading systems integrator of retail technology solutions in Norway and Sweden.

PSI Group is headquartered in Rælingen (Norway) and has about 315 employees in Scandinavia and Europe. The company is listed on the Oslo Stock Exchange.

For further information: www.psigroup.no

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

PSI Group is a leading global provider of the market's most reliable cash handling solutions and the leading systems integrator of retail technology solutions in Norway and Sweden. PSI Group is headquartered in Rælingen (Norway) and has about 315 employees in Scandinavia and Europe. The company is listed on the Oslo Stock Exchange.