Q-FREE – AUTOPASS CONTRACT IN NORWAY - NOK 50 MILLION

Q-Free has been awarded a contract from the Norwegian Roads Administration for the replacement of all AutoPass roadside equipment in Oslo, Norway, at an estimated value of NOK 50 million.

The delivery comprises dismantling of existing roadside equipment, installation of new roadside equipment and service and maintenance after the completion of the installation. In addition the contract includes options for increased delivery of equipment and extension of the service and maintenance period.

-This is a very important win for Q-Free, and it demonstrates that we are competitive in our home market, comments CEO in Q-Free, Thomas Falck.

The installation project will start immediately and will be completed by the end of 2015.

According to NPRA purchase regulations there is a period for filing complaints which ends February 28.

For further information, please contact:

CEO Thomas Falck: +47 468 00 767

CFO Roar Østbø: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of products and solutions within Road User Charging and Advanced Transportation Management Systems. The Q-Free Group has approximately 400 employees with offices in 18 countries and presence on all continents. The Q-Free head office is in Trondheim,Norway. Q-Free is listed on Oslo Stock Exchange under the ticker QFR.

www.q-free.com

Twitter: @Q-FreeASA

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