Q-FREE ASA - FRAME AGREEMENT IN BRAZIL VALUED AT 72 MNOK

Q-Free has been awarded a frame agreement for deliveries of tags from Centro Gestao Meios de Pagto (CGMP) in Brazil valued at 72 MNOK. The guaranteed volume is 24 MNOK.

“We are happy to see that we conclude tag contracts in Brazil regardless of the announced technology shift in this market”, CEO in Q-Free Øyvind Isaksen comments.

Trondheim 15th of August 2012.

For further information, please contact:

CEO Øyvind Isaksen, cell: 47 908 76 398

CFO Roar Østbø, cell: 47 932 45 175

About Q-Free

Q-Free is a leading global supplier of solutions and products for Road User Charging and Traffic Surveillance having applications mainly within electronic toll collection for road financing, congestion charging, truck-tolling, law enforcement and parking/access control. Q-Free offers solutions and products based on state of the art technology, and is the leading supplier within DSRC (tag), ALPR (Automatic License Plate Registration) and GNSS (Global Navigation Satellite System) based solutions, with deliveries in Europe, Africa, Asia-Pacific, Middle East and North- and South America. The company has approximately 280 employees and is represented in 17 countries. Headquarter is based inTrondheim, Norway. Q-Free is listed on the Oslo Stock Exchange with the ticker QFR. www.q-free.com

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