Trondheim, Norway, 5 October 2016

The share capital increase pertaining to the Private Placement has now been registered in the Norwegian Register of Business Enterprises. Q-Free’s new share capital is NOK 33,904,909.48 divided into 89,223,446 shares with a par value of NOK 0.38 per share. Each share gives one vote at the company’s general meeting. 

This information is subject to the disclosure requirements pursuant to section 5‑12 of the Norwegian Securities Trading Act.

For further information, please contact:

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

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