Status update Jakarta financing

Oslo/Trondheim, 1 July 2014: As previously announced, Export Credit Norway’s funding commitment for part financing of the ELE project in Jakarta expires on 1 July, 2014. Q-Free ASA has been informed that Export Credit Norway and Q-Free’s customer PT Rin in Indonesia are in a dialogue regarding a possible extension of the funding commitment.

Q-Free will return with more information as soon as possible.

For further information, please contact:

CEO Thomas Falck, cell: +47 468 00 767

CFO Roar Østbø, cell: +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 company has approximately 350 employees in 17 countries and is represented on all continents. The company's main offices are in Trondheim, Norway. Q-Free is listed on Oslo Stock Exchange under the ticker QFR.

www.q-free.com

Twitter: @Q-FreeASA