Q-FREE – MANDATORY NOTIFICATION OF TRADE

Trondheim 12 November 2015: Acting CEO Roar Østbø has today purchased 10,500 shares in Q-Free ASA at an average price of NOK 08.15. Østbø owns 118,500 shares and holds 150,000 synthetic options in Q-Free ASA after the transaction.

VP APMEA, Per Fredrik Ecker has today purchased 10,000 shares in Q-Free ASA at an average price of NOK 8.20. Ecker owns 33,500 shares and holds 70,000 synthetic options in Q-Free ASA after the transaction.

VP Managed services, Frank Kjelsli has today purchased 5,000 shares in Q-Free ASA at an average price of NOK 8.20. Kjelsli owns 20,000 shares and holds 70,000 synthetic options in Q-Free ASA after the transaction.

VP Nordic, Pål Rune Johansen has today purchased 2,500 shares in Q-Free ASA at an average price of NOK 8.15. Johansen owns 10,000 shares and holds 70,000 synthetic options in Q-Free ASA after the transaction.

CTO, Jos Nijhuis has today purchased 8,000 shares in Q-Free ASA at an average price of NOK 8.05. Nijhuis owns 533,552 shares and holds 60,000 synthetic options after the transaction.