Q-FREE – TAG ORDER IN CHILE- NOK 25 MILLION

Trondheim/Oslo 21 October 2014: Q-Free has been awarded an order for tags from Sociedad Concesionaria Autopista Central S.A. in Chile at a value of NOK 25 million. The contract has a duration of three years and starts from January 2015.

"We are pleased to win this highly competitive bid for tags in Chile with our new 615 tag, confirming it's attractiveness in the marketplace. We see increasing interest in the market for this tag with advanced features," says Thomas Falck.

Q-Free has a subsidiary in Santiago, Chile.

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 approximately 440 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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