PROGRESS RELATED TO THE JAKARTA PROJECT

Reference is made to earlier communicated progress related to the Jakarta project in the Q1 report. The financing is under finalisation, but there are still details to be closed. Outstanding issues is expected to be concluded in relatively near future.Q-Free will revert with an update on timeline for the implementation of the project as soon as this is in place.  Trondheim 1st of June 2012 For further information, please contact:  CEO Øyvind Isaksen, cell: +47 908 76 398CFO Roar Østbø,cell: +47 932 45 175 About Q-Free Q-Free is a leading global supplier of solutions and