CashGuard AB: PSI requests Extraordinary General Meeting in CashGuard

PSI has submitted a request for an Extraordinary General Meeting of
CashGuard shareholders.

Extraordinary General Meeting  in November 2007:
PSI Group ASA, which represents more than 10% of the shares in
CashGuard, has today submitted a request for an Extraordinary General
Meeting of CashGuard shareholders in order to resolve on the election
of new Members of the CashGuard AB Board.

On the basis of the above request, the Board of Directors will
convene an Extraordinary General Meeting in November. The exact date
of the Meeting will be specified in a separate notice.

In accordance with a previous resolution from an Annual General
Meeting, the Nomination Committee shall consist of the Chairman of
the Board of Directors and the company's three largest shareholders
at August 31, 2007. The names of the members of the company's
Nomination Committee will be presented in the notice convening the
Extraordinary General Meeting.

In the notice convening the General Meeting, the Nomination Committee
will present its proposals concerning new Board Members for the
period up to the next Annual General Meeting.

Extraordinary General Meeting  during the first quarter of 2008:
PSI Group ASA, which represents more than 10% of the shares in
CashGuard, submitted a proposal on October 15 that an Extraordinary
General Meeting of CashGuard shareholders be held to address the
matter of a dividend in kind to CashGuard shareholders in the form of
shares in SQS.

On the basis of the above request, the Board of Directors has decided
to convene an Extraordinary General Meeting during the first quarter
of 2008 to resolve on a dividend in kind in accordance with the above
proposal.  The intention is that the SQS share will be listed
separately on the First North exchange after such a dividend in kind.

A divestment of SQS is still being considered and discussions are
currently under way with a number of interested parties.

For further information, please contact:
Agne Pettersson, Managing Director and Chief Executive Officer,
CashGuard AB (publ);
Tel: +46-8-732 22 00, agne.pettersson@cashguard.com


Facts about CashGuard AB (publ)
CashGuard develops and  sells products  and services  for secure  and
fully automatic cash  handling and cash  logistics. Via direct  sales
and distribution  partners, CashGuard  focuses on  retail  companies,
post offices  and  banks,  as  well as  on  security  companies.  The
CashGuard Group has approximately 190 employees and had sales of  SEK
323 million in  2006. CashGuard  shares are listed  on the  Stockholm
Stock Exchange.