Q-FREE- ORDER IN BRAZIL –23 MNOK

Q-Free has been awarded an order for tags from Centro Gestao Meios de Pagto (CGMP) in Brazil valued at 23 MNOK.

This order is a call off from the earlier announced frame agreement of 72 MNOK (15th of August 2012). This order implies that a total of 47 MNOK has so far been called off from this frame agreement.

The order will be delivered within the first half of 2013.

- Good start of the year. This kind of orders represent an important part of our underlying business. Also good to see that the announced technology shift in São Paulo is further delayed. We have been offering good products and solutions into this market for many years and will continue to do so, comments CEO Dr. Øyvind Isaksen.

Q-Free has a fully owned subsidiary in São Paulo, Brazil.

Trondheim 4th of January 2013

For further information, please contact:

CEO Øyvind Isaksen, cell: 47 908 76 398

CFO Roar Østbø, cell: 47 932 45 175

Q-Free is a leading global supplier of products and solutions for Road User Charging and Advanced Transportation Management. The company has approximately 300 employees and is represented in 17 countries. Headquarter is based in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange with the ticker QFR.

www.q-free.com

Twitter@Q-FreeASA

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