Trondheim 31 March 2017:

The Board of Directors of Q-Free ASA has on 30 March 2017 approved the Directors Report and the Consolidated Financial Statements for 2016. The Consolidated Financial Statements are presented according to IFRS and will be presented for final approval at the Annual General Meeting scheduled to be held 24 May 2017. The Group's Annual Audited Consolidated Financial Statements include no changes compared to the preliminary full year results presented 14 February 2017.

The Board of Directors proposes to the Annual General Meeting that there will be no distribution of dividends for the fiscal year 2016.

The Annual report including the Directors report and the Consolidated Financial Statements for 2016 will be published on the Company's website together with the notice for the Annual General Meeting.

For further information, please contact:

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

CFO, Roar Østbø: +47 932 45 175

About Q-Free
Q-Free is a leading global supplier of ITS (Intelligent Transportation Systems) products and solutions. The company has approximately 420 employees, offices in 20 countries, and presence on all continents. Headquartered in Trondheim, Norway, Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.


Twitter: @Q-FreeASA