Increase of share capital - Q-Free ASA

The Board of Directors of Q-Free ASA approved in a board meeting 28. April 2010 to increase the share capital with NOK 73,308.84. The increase of the share capital is carried out according to proxy by issuance of 192,918 new shares at par value NOK 0.38. The share capital will increase from NOK 22,820,554.96 to NOK 22,893,863.80 after the share capital increase has been registered in Norwegian Register of Business Enterprises.

The increase of the share capital is approved in relation to the completion of the acquisition of the Dutch company Dacolian BV (reference to stock exchange release dated 14. August 2008). Q-Free will after the transaction own 100 % of Dacolian B.V. A new press release will be published when the share capital increase has been registered in the Norwegian Register of Business Enterprises. Trondheim 28. April 2010.

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