Trondheim, Norway, 7 October 2016

Reference is made to the stock exchange announcement by Q-Free ASA published on 29 September 2016 regarding a Private Placement of 17,844,689 New Shares.

The Norwegian Financial Authority has approved the listing prospectus for the New Shares, and such prospectus is available on the following websites: Hard copies of the Prospectus may be obtained by contacting Q-Free ASA at +47 73 82 65 00 or

It is expected that the New Shares will be registered in VPS and delivered to the investors today outside normal trading hours, and that the New Shares will be listed on Oslo Børs and assume regular trading from and including 10 October 2016.

For further information, please contact:

President & CEO, Håkon Volldal: +47 977 19 973

Chairman of the Board: Charlotte Brogren Karlberg: +46 70 593 56 46

CFO, Roar Østbø: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of ITS (Intelligent Transportation Systems) products and solutions. The company has approximately 470 employees, offices in 20 countries, and presence on all continents. Headquartered in Trondheim, Norway, Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.

Twitter: @Q-FreeASA


This communication may not be published, distributed or transmitted in the United States, Canada, Australia, Singapore, Thailand, United Arab Emirates or Japan. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of the Company in the United States, Norway or any other jurisdiction. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”). The securities of the Company have not been, and will not be, registered under the U.S. Securities Act. Any sale in the United States of the securities mentioned in this communication will be made solely to “qualified institutional buyers” as defined in Rule 144A under the U.S. Securities Act. No public offering of the securities will be made in the United States.

The distribution of this announcement and other information in connection with the Private Placement may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.