Q-Free: Mandatory notification of trade. Substantial shareholding disclosure

(Bergen, 10 November 2022) Rieber & Søn AS has today, 10 November 2022, purchased 1,000,000 shares in Q-FREE ASA at a price of NOK 6.20 per share. Following the transaction, Rieber & Søn AS holds 56,069,283 shares in the company, representing 50.40% of the total shares outstanding and voting rights.

As a result of the transaction, Rieber & Søn AS has an obligation to make a bid for the purchase of the remaining shares in Q-FREE ASA under Chapter 6 of the Norwegian Securities Trading Act, and Rieber & Søn AS intends to make such bid within the four-weeks period set out in the Norwegian Securities Trading Act.

Rieber & Søn AS is represented in the board by Trond Valvik, the chairman in Q-FREE ASA, and this notification is provided in accordance with MAR Article 19 and Section 4-2 in the Norwegian Securities Trading Act. The notification form is included in the attachment.

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