Q-FREE- MINUTES EXTRAORDINARY GENERAL MEETING 18 MAY 2020

An Extraordinary General Meeting in Q-Free ASA was held on 18 May 2020 at the Company's office in Henrik Ibsens gate 100, Oslo, Norway. All proposals on the agenda were adopted in accordance with the proposal from the board of directors, cf. the notice that was published on 27 April 2020, with the exception that the nominal value of the bonds was resolved to be reduced from NOK 100,000 to NOK 1, thereby increasing the number of bonds correspondingly from 800 to 80,000,000. The complete minutes of the Extraordinary General Meeting is attached to this release and is available on www.q-free.com.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

ABOUT Q-FREE

Q-Free is a leading global supplier of ITS (Intelligent Transportation Systems) products and solutions. The company has approximately 400 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