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Q-FREE ASA - MANDATORY NOTIFICATION OF TRADE

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President and CEO, Øyvind Isaksen has on the 21 August purchased 5,847 QFR shares at an average price of NOK 17.20. New holding of QFR shares after the transaction is 125,836. Isaksen holds 675,000 share options in Q-Free ASA.

CFO, Roar Østbø has on the 21 August purchased 10,000 QFR shares at an average price of NOK 17.08. New holding of QFR shares after the transaction is 84,000. Østbø holds 150,000 share options in Q-Free ASA.

Board member, Selma Kveim has on the 21 August purchased 5,500 QFR shares at an average price of NOK 17.20. New holding of QFR shares after the transaction is 5,500.

Trondheim 22 August 2013.

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