PSI Increases 2008 EBIT by 50% to 6.2 Million Euros

Operating cash-flow tripled to 9.9 million Euros

Berlin, 27 February 2009 – The PSI Group more than doubled its group net result in financial year 2008 to 4.1 million Euros (2007: 1.9* million Euros). The earnings per share increased to 0.34 Euro (2007: 0.15* Euro). The EBIT increased to 6.2 million Euros (2007: 4.1* million Euros). Group sales reached 128.9 million Euros (2007: 123.2 million Euros), new orders, at 152 million Euros (2007: 132 million Euros), clearly exceeded the target and the annual sales. The cash-flow from operating activities tripled to 9.9 million Euros (2007: 3.0 million Euros), liquidity at the end of the year rose to 23.7 million Euros (31.12.2007: 18.9 million Euros) despite the payments for two acquisitions.

PSI started 2009 with a very high volume of new orders of more than 25 million Euros in January. The focus of the new orders is on rationalisation investments in major industries and utilities. PSI foresees concrete opportunities in the export business as a result of the speeding up of infrastructure investments with the stimulus programs in China, Russia and Eastern Europe.

The management is optimistic, albeit cautious in view of the general climate, that this year’s targets of 7.5 million Euros for the EBIT and 140 million Euros sales can be achieved and possibly exceeded. Should the market situation again lead to a similarly drastic undervaluation of the PSI share price as was the case in the fourth quarter of 2008, the management will continue the buy-back program.

PSI AG develops and integrates complete solutions, on the basis of its own software products, for the management of energy networks (electricity, gas, oil, heat, water), cross-company production management (metals, automotive, mechanical engineering, logistics) and infrastructure management for telecommunications, transport and safety. PSI was founded in 1969 and employs more than 1,100 persons in the group.

*Previous years figures adjusted