Q-FREE CLOSES THE TRANSACTION WITH TRAFFIKO

Trondheim, 3 June 2015: Reference is made to the Stock Exchange Announcement of Q-Free's agreement to acquire the activity of the Maltese parking management solutions company Traffiko, dated 4 May 2015.

The transaction is now closed and Q-Free has acquired 100 percent of the activity of Traffiko. Traffiko will be consolidated into the accounts of Q-Free as of the second quarter 2015.

For further information, please contact:

CEO Thomas Falck: +47 468 00 767

CFO Roar Østbø: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of products and solutions within Road User Charging and Advanced Transportation Management Systems. The Q-Free Group has approximately 400 employees with offices in 19 countries and presence on all continents. The Q-Free head office is in Trondheim, Norway. Q-Free is listed on Oslo Stock Exchange under the ticker QFR.

www.q-free.com
Twitter: @Q-FreeASA