Mandatory notification of trade

Trond Valvik, Chair of the Board of directors of Q-Free ASA, has today acquired 100,000 shares in Q-Free ASA at an average price of NOK 3.90 per share. The shares were acquired through Battelhavet AS, a company fully controlled by Valvik. Following the transaction, Valvik controls 100,000 shares in Q-Free ASA.

This information is subject to disclosure requirements pursuant to §4-2 of the Norwegian Securities Trading Act.