Q-FREE – TAG ORDER IN THAILAND – 22 MNOK

Q-Free has won an auction for tag supplies to EXAT in Thailand. The total value is approximately 22 MNOK. Deliveries will start in 2020 and ensure that Q-Free remains the largest tag provider in Thailand.

- This order confirms the competitiveness of Q-Free's DSRC tags and our ability to supply significant volumes on short notice during a time where many other businesses are impacted by disruptions in global supply chains, comments President & CEO, Håkon Volldal.

For further information, please contact:

President & CEO, Håkon Volldal: +47 977 19 973

About Q-Free

Q-Free is a leading global supplier of tolling and traffic management solutions. Founded in 1984 and headquartered in Trondheim, Norway, the company has annual revenues of approximately 1 billion NOK, approximately 400 employees, offices in 16 countries, and a presence on all continents. Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.

www.q-free.com

Twitter: @QFreeASA

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