Q-FREE – RESULTS FOR THE THIRD QUARTER 2017

Highlights: * 233 MNOK in revenues, up 18% YoY * 5% reduction in operating expenses YoY * 33 MNOK in EBITDA excl. non-recurring items (14.2% margin), up 43 MNOK YoY * 100 MNOK in order intake (not incl. two frame agreements received in the quarter) * 1.2 bn NOK in order backlog, ~190 MNOK scheduled for delivery in Q4-2017 * 129 MNOK in cash at hand, up 26 MNOK QoQ   -The third quarter of 2017 represents the fourth consecutive quarter with YoY revenue growth, strong cost control, EBITDA growth, and EBITDA margin expansion. We are pleased to see that the restructuring