Q-FREE – NOK 29 MILLION FRAME AGREEMENT IN FRANCE

Trondheim/Oslo, 7. November 2014: Q-Free has received an extension of a frame agreement for tags from Vinci Autoroutes in France with an estimated value of minimum NOK 29 million. The contract will be fulfilled within 2016, with an option for extension.

Q-Free has been present in the French market for many years. We are very pleased to receive this extension of the frame agreement with this important customer. During the delievery period, Q-Free will be able to introduce new even more advanced technology into this very competitive market, CEO in Q-Free, Thomas Falck comments.

VINCI Autoroutes is the largest highway operator in Europe. And the VINCI highway network represents half the national French concessionary network.

For further information, please contact:

CEO, Thomas Falck, cell: +47 468 00 767

CFO, Roar Østbø, cell: +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 after the closing of the Noca transaction approximately 400 employees with offices in 17 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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