Q-Free ASA — M&A Activity 2015

Aug 10, 2015

Q-FREE - ORDERS IN PORTUGAL -156 MNOK

Q-FREE - ORDERS IN PORTUGAL -156 MNOK

Trondheim 10 August 2015; Q-Free has been awarded service and maintenance

contracts from Ascendi, Portugal, at a total value of NOK 156 million.

The orders comprises renewal and extension of service and maintenance for

several of the Ascendi multi-lane free flow concessions for another six years.

-Ascendi operates around 130 MLFF charging points in Portugal, the majority

delivered by Q-Free. We are very pleased to extend our strong relationship with

Ascendi in Portugal, comments CEO in Q-Free, Thomas Falck.

For further information please contact:

CEO Thomas Falck, cell +47 468 00 767

CFO Roar Østbø, cell +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of products and solutions within Road User

Charging and Advanced Transportation Management Systems. The Q-Free Group has

approximately 430 employees with offices in 19 countries and presence on all

continents. The Q-Free head office is in Trondheim ,Norway. Q-Free is listed on

Oslo Stock Exchange under the ticker QFR.

www.q-free.com

Twitter: @Q-FreeASA