APPOINTMENT OF NEW VICE PRESIDENT ADVANCED TRAFFIC MANAGEMENT SYSTEMS (VP ATMS) IN Q-FREE ASA

Morten Andersson (54) is employed as VP ATMS in Q-Free ASA. Andersson has held similar positions in Peek and Swarco, and have more than 30 years of experience in the Traffic Management industry.

-    We are very pleased to have Morten Andersson on our team. He has vast experience within traffic management, and will be an important contribution in building up Q-Free presence in this area, CEO in Q-Free Øyvind Isaksen comments.

Andersson will start 5th March 2012.

Trondheim 5th March 2012.

For further information, please contact:

CEO Øyvind Isaksen, cell: +47 908 76 398

CFO Roar Østbø, cell: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of solutions and products for Road User Charging and Traffic Surveillance having applications mainly within electronic toll collection for road financing, congestion charging, truck-tolling, law enforcement and parking/access control. Q-Free offers solutions and products based on state of the art technology, and is the leading supplier within DSRC (tag), ALPR (Automatic License Plate Registration) and GNSS (Global Navigation Satellite System) based solutions, with deliveries in Europe, Africa, Asia-Pacific, Middle East and North- and South America. The company has approximately 270 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

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