Q-FREE – CONTRACT IN NORWAY – 10 MNOK

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Trondheim 1 March 2016;

Q-Free has been awarded an operation contract from Vegfinans AS for delivery of image handling services at a value of approximately 10 MNOK.

Vegfinans operates 20 toll road companies in Norway, and is wholly owned by six counties.

- Q-Free is experienced in delivering image handling services and solutions in other parts of the world, hence we are pleased to receive our first contract in Norway for these type of services, comments Acting CEO, Roar Østbø.

According to public procurement regulations, there is a period for filing complaints which ends 15 March 2016.

For further information, please contact:

Acting CEO and CFO Roar Østbø: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of products and solutions within the global ITS market. The Q-Free Group has approximately 430 employees with offices in 20 countries and presence on all continents. The Q-Free head office is in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.

www.q-free.com

Twitter: @Q-FreeASA

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