Q-FREE ASA - INCREASE IN SHARE CAPITAL - NEW COMPANY CERTIFICATE

Trondheim, 12 May 2014: Reference is made to stock exchange release 8 May 2014 related to an increase in the share capital.

The new share capital is NOK 26,143,293.96 divided by 68,798,142 shares at par value of 0.38 per share. The share capital is today fully registered in Foretaksregisteret (Norwegian Company Registry).

Enclosure: Company Certificate

About Q-Free

Q-Free is a leading global supplier of products and solutions within Road User Charging and Advanced Transportation Management Systems. The company has approximately 350 employees in 17 countries and is represented on all continents. The company's main office is in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.

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