Q-Free ASA - Board/Management Information 2021

Q-Free: Trond Christensen appointed permanent CFO

(Oslo, 4 March 2021) Q-Free ASA has appointed Trond Christensen as its permanent

CFO. Christensen has served as interim CFO since November 2019.

"We are very pleased to announce the appointment of Trond Christensen as our

permanent CFO. He has an outstanding track record as CFO and was instrumental in

the successful restructuring and refinancing of Q-Free during 2020. Trond

combines deep financial knowledge with strong business acumen and considerably

strengthens Q-Free's senior leadership team," says Håkon Volldal, President and

CEO of Q-Free.

Trond Christensen is a state authorized public accountant with more than 10

years of experience as CFO/CEO. His past work experience includes companies such

as Jotun, Komplett, Brubakken, and Leonhard Nilsen & Sønner. Christensen is a

Siviløkonom (four-year program in economics and business administration) from

the Norwegian Business School BI, and holds a Master's degree in accounting from

the Norwegian School of Economics (NHH) in Norway. Christensen is a Norwegian

citizen based in Trondheim and Oslo, Norway.

"I am excited to permanently join Q-Free as the company's CFO. Together with my

colleagues I look forward to continuing the work to unleash Q-Free's vast

potential and harvest from the strong foundation we have established during the

past years," comments Trond Christensen, CFO of Q-Free ASA.

For further information, please contact:

Håkon Volldal, President & CEO, +47 977 19 973

Trond Christensen, CFO, +47 481 02 754

About Q-Free:

Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation

systems that improve traffic flow, road safety, and air quality. With an open,

collaborative approach to tolling, traffic and active transportation management,

Q-Free works with customers and partners on every continent to digitize

infrastructure and overcome modern mobility challenges for the greater good of

society.

Headquartered in Trondheim, Norway, Q-Free has annual revenues of approximately

1 billion NOK and employs approximately 380 transportation innovators, experts

and enthusiasts. To learn more about how Q-Free is changing the movements of

life, visit www.q-free.com or Twitter:@Q-FreeASA

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