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Q-FREE – MANDATORY NOTIFICATION OF TRADE

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Trondheim 25. February 2014

CEO, Thomas Falck has today purchased 25,000 QFR shares through his ownership in Sølen AS at an average price of NOK 14.20. New holding of QFR shares after the transaction is 38,483.

CFO, Roar Østbø has today purchased 6,000 QFR shares at an average price of NOK 14.15. New holding of QFR shares after the transaction is 90,000. Østbø holds 150,000 share options in Q-Free ASA.

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