Q-FREE RESULTS FOR THE FOURTH QUARTER 2013

Oslo, 13 February 2013 Q-Free saw continued demand growth for Products and Services & Maintenance but lower revenues and order intake for Projects in the fourth quarter. Revenues in the fourth quarter were NOK 150 million, with a negative operating profit (EBIT) of NOK 50 million, and a negative pre-tax result of NOK 48 million. Both revenues and costs were affected by termination of a contract in Australia. Adjusted for this the EBIT increased from the break-even level presented for the fourth quarter 2012.The contract termination had a negative effect of NOK 18 million on revenues in