PSI Increases 2009 EBIT by 26% to 7.8 million Euros

Sales increase by 14% to 147 million Euros

Berlin, 15 March 2010 – In financial year 2009, PSI Group increased its EBITDA by 29% to 11.4 million Euros (2008: 8.9 million Euros), its EBIT by 26% to 7.8 million Euros (2008: 6.2 million Euros) and the group result after interest and taxes by 61% to 6.6 million Euros (2008: 4.1 million Euros). The result per share increased by 35% to 0.46 Euros (2008: 0.34 Euros) – that is 0.42 Euros based on the number of shares at the end of the year. Group sales grew by 14% to 147.0 million Euros (2008: 128.9 million Euros), whereby the share of exports increased from 28% to 34%. At 150 million Euros, the volume of incoming orders and, at 97 million Euros, the order backlog were approximately at the levels of the previous year.

The cash-flow from operations, which was increased to 9.9 million Euros in 2008, decreased to 4.4 million Euros as a result of the acceptances made somewhat late in the year. The cash-flow from financing activities, marked by the cash capital increase signed by RWE, was 8.6 million Euros (2008: –0.7 million Euros); from investment activities at –15.9 million Euros (2008: –4.5 million Euros). For that reason, liquidity decreased from 23.7 to 20.8 million Euros. The PSI Supervisory Board and the PSI Management Board have decided, as previously announced, to propose the payment of a dividend of 0.21 Euros per share to the 2010 Annual General Meeting, the first time a dividend has been paid since the IPO.

PSI started 2010 with slightly weaker volume of new orders than in January 2009. For 2010, PSI expects an increase in the volume of new orders in the areas of energy networks and the steel industry. In exports the opportunities are shifting more to central Europe, China, the Middle East and Southeast Asia.

For the year 2010, the management has set the goal of increasing sales to 160 million Euros and the EBIT to more than 10 million Euros, despite the market’s continuing hesitant investment behaviour. China’s need for raw materials and other growth regions will significantly raise the investments in energy, emissions and efficient controls of the extraction, processing and transport of raw materials in the mid-term. The continental transport of renewable energies through super grids and the intelligent consumption control by smart grids will result in a massive increase in demand in the domestic market. PSI is well positioned as a market leader to further automate existing functionalities of the current group customers and expand these to the higher and lower network levels.

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 and plant engineering, logistics) and infrastructure management for telecommunications, transport and safety. PSI was founded in 1969 and employs 1,400 persons in the group.