On September 26, 2023, the largest shareholder in Q-Free ASA (“Q-Free”), Rieber and Søn AS (“Rieber”), entered a Joint Venture with Guardian Smart Infrastructure Management Inc. (a subsidiary of Toronto-based Guardian Capital Group Limited) to form a new company, Juniper Holdco AS (“Juniper”). Juniper entered into a conditional agreement to acquire Rieber’s 62.8 % shareholding in Q-Free. Juniper is owned 30% by Rieber and 70% by Guardian Smart Infrastructure Management and is incorporated in Norway.

Guardian Smart Infrastructure Management (GSIM) is the infrastructure investment management arm of Guardian. Guardian has been managing institutional assets since 1962, executing investment strategies on behalf of pension plans, insurers, foundations, endowments, family offices, and mutual funds worldwide.

Through Juniper, the intention is to

• Delist Q-Free from the Oslo stock exchange
• Enhance focus on Q-Free’s long-term strategic objectives
• Better position Q-Free to address the evolving needs of our customers and the industry
• Allow for and create an environment ripe for innovation, growth, and long-term success

An offer to acquire the remaining shares in Q-Free has been launched and is available on www.juniperholdco.com.

The board of Q-Free supports and recommends the transaction.

It is crucial to emphasize that this transition will not affect our ongoing business operations. We are optimistic about the possibilities that lie ahead with this increased financial backing. Rieber and GSIM joining forces is a testament to our commitment and an enabler to further strengthening our market position by leveraging the expertise and financial support of our new partner.

Thank you for your trust and confidence in Q-Free. We are excited about the future and the prospect of achieving new heights together.

If you have any questions or require additional information, please do not hesitate to reach out to your contact person or our CEO, Trond Christensen.