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Q-FREE- INCREASE IN SHARE CAPITAL

The share capital will increase from NOK 26,626,809.76 to NOK 27,123,927.66 after the share capital increase has been registered in Foretaksregisteret (The Norwegian Company Register).

The increase in the share capital is approved in relation to the earn-out clauses of the acquisitions of Traffic Design in Slovenia (reference to stock exchange announcement dated 23 April 2014), and T.D.C. Systems in the UK and Australia (reference to stock exchange announcement dated 27 March 2014).

A new press release will be published when the share capital increase has been registered in Foretaksregisteret.

For further information, please contact:

Acting CEO and CFO Roar Østbø: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of products and solutions within the global ITS market. The Q-Free Group has approximately 430 employees with offices in 20 countries and presence on all continents. The Q-Free head office is in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.

www.q-free.com

Twitter: @Q-FreeASA