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Q-Free: Settlement of mandatory offer Q-Free ASA

(Oslo, 25 February 2021) Reference is made to the mandatory offer (the “Offer”) from Rieber & Søn AS (the “Offeror”) to acquire all shares in Q-Free ASA (“Q-Free” or the “Company”) pursuant to an offer document dated 14 January 2021 (the “Offer Document”). The acceptance period in the Offer expired 12 February 2021, at 16:30 (CET).

The Offeror received acceptance for a total of 103,670 shares in the Offer, and settlement of the Offer was completed on 25 February 2021. The Offeror now holds 50,362,067 shares in the Company corresponding to 45.27% of the shares and voting rights. The foregoing percentages have been calculated based on 111,244,416 issued shares in Q-Free ASA

This notification has been submitted pursuant to the Securities Trading Act section 4-2.