MANDATORY NOTIFICATION OF TRADE

Jørgen Waaler, CEO of PSI Group ASA, has on the December 22, 2009 sold 230.000 shares to his fully owned company Waaler AS at an average price of NOK 10,00 per share. New holding after the transaction remains unchanged at 270.000 shares, 1,29 % of the outstanding shares. This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) [HUG#1366640]