Q-FREE - SHARE OPTIONS GRANTS

Q-Free ASA has granted a total of 402,438 share options to the following primary insider, in accordance with the incentive program for leading executives adopted by the General Meeting 24 May 2017.

Jan-Erik Sandberg, CTO, has been granted 174,782 share options with a strike price of NOK 8.01, 124,844 share options with a strike price of NOK 11.21, and 102,813 share options with a strike price of NOK 13.62. Sandberg has no shares in Q-Free ASA.

The options can be exercised from 1 April 2022, 2023 and 2024 respectively. The share option program ends 1 April 2025.

For further information, please contact:
President & CEO, Håkon Volldal: +47 977 19 973

About Q-Free

Q-Free is a leading global supplier of ITS (Intelligent Transportation Systems) products and solutions. The company has approximately 385 employees, offices in 16 countries, and a presence on all continents. Headquartered in Trondheim, Norway, Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.

www.q-free.com
Twitter:@QFreeASA