Q-FREE - ANNUAL RESULT 2012

The Board of Directors of Q-Free ASA has today approved the Directors Report and the Consolidated Financial Statements for 2012. The Consolidated Financial Statements are presented according to IFRS and will be presented for final approval at the Annual General Meeting scheduled to be held 22 May 2013.

The Group's Annual Audited Consolidated Financial Statements include no changes compared to the preliminary results for 2012, presented in the fourth quarter report. The Board of Directors proposes to the Annual General Meeting that there will be no distribution of dividends for the accounting year of 2012.

 The Annual report including the approved accounts will be published on the Company's website www.q-free.com together with the notice for the Annual General Meeting.

Trondheim 20.03.2013

For further information, please contact:

CEO Øyvind Isaksen, cell +47 908 76 398

CFO Roar Østbø, mobil +47 932 45 175

Q-Free is a leading global supplier of products and solutions for Road User Charging and Advanced Transportation Management. The company has approximately 300 employees and is represented in 17 countries. Headquarter is based in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange with the ticker QFR.

www.q-free.com

Twitter: @QFreeASA

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