Q-Free ASA — M&A Activity 2019

Jan 13, 2019

QFR- ASSESSMENT OF STRATEGIC ALTERNATIVES

QFR- ASSESSMENT OF STRATEGIC ALTERNATIVES

The Board of Directors of Q-Free ASA is running a process to identify and

explore various strategic alternatives for the company. This also includes an

evaluation of potential business combinations, and Q-Free is in this respect

assisted by a financial adviser.

Certain contacts have been established with interested parties, but no

assurances can be given that a transaction will happen as a result of this

process. Q-Free will update the market as required by applicable law and the

Continuing Obligations of companies listed on Oslo Børs.

For further information, please contact:

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

CFO, Tor Eirik Knutsen: +47 950 50 062

About Q-Free

Q-Free is a leading global supplier of ITS (Intelligent Transportation Systems)

products and solutions. The company has approximately 380 employees, offices in

17 countries, and a presence on all continents. Headquartered in Trondheim,

Norway, Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.

www.q-free.com

Twitter: @Q-FreeASA