Q-FREE –ATMS CONTRACTS IN SERBIA AND MACEDONIA - NOK 8.2 MILLION

Trondheim 21 July 2014: Q-Free Elcom has received an Advanced Transportation Management Systems (ATMS) contract in the City of Belgrade in Serbia at a value of NOK 5.9 million with start-up in July 2014. The contract includes traffic light controllers, traffic management system and equipment, and will be delivered within one year. Q-Free has also received contracts in Serbia and Macedonia on traffic light signalisation and traffic signal heads at a value of NOK 2.3 million for delivery in 2014.

“Q-Free has done several acquisitions within the ATMS market over the past two years. We are pleased to see that all companies are performing well, and that our entire offering is in demand by the market" says CEO Thomas Falck in Q-Free.

Q-Free has a subsidiary in Belgrade, Serbia.

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 will have approximately 430 employees with offices in 17 countries and presence on all continents after the closing of the Open Roads transaction. 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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