Q-FREE FOURTH QUARTER AND PRELIMINARY FULL YEAR 2012 RESULTS

Q-Free delivered stronger performance in the fourth quarter than in the first nine months, posting a revenue increase to NOK 208.9 million and a return to positive earnings. Operating profit was NOK 0.4 million in the fourth quarter, and pre-tax profit NOK 9.1 million.Revenues and earnings were supported by the accelerated implementation of the signature congestion management project in Gothenburg, which went live on 2 January 2013. This project also contributed to a strong cash flow from operating activities of NOK 87.2 million in the quarter, and the cash position increased to NOK 369