Q-FREE – MANDATORY NOTIFICATION OF TRADE

19 August 2016

Vice Chairman of the Board, Tore Valderhaug, has today purchased 25,000 shares in Q-Free ASA through his ownership in Proventi AS, at an average price of NOK 8.40. Valderhaug owns indirectly through Proventi AS 25,000 shares in Q-Free ASA after the transaction.

Board member Snorre Kjesbu, has today purchased 25,000 shares in Q-Free ASA at an average price of NOK 8.40. Kjesbu owns 25,000 shares in Q-Free ASA after the transaction.

CFO, Roar Østbø, has today purchased 8,500 shares in Q-Free ASA at an average price of NOK 7.89. Østbø owns 138,000 shares and holds 150,000 synthetic options in Q-Free ASA after the transaction.