Q-Free ASA — M&A Activity 2021

Jan 27, 2021

Q-Free: Acceptances received under mandatory offer to acquire all shares in Q-Free ASA

Q-Free: Acceptances received under mandatory offer to acquire all shares in Q-Free ASA

The Offer is not being made, and this press release may not be distributed,

directly or indirectly, in or into, nor will any tender of shares be accepted

from or on behalf of holders in, any jurisdiction in which the making of the

Offer, the distribution of this stock exchange announcement or the acceptance of

any tender of shares would contravene applicable laws or regulations.

(Oslo, 27 January 2021): Reference is made to the mandatory offer (the "Offer")

from Rieber & Søn AS (the "Offeror") to acquire all shares in Q-Free ASA ("Q

-Free" or the "Company") pursuant to an offer document dated 14 January 2021. On

26 January 2021, the Offeror received acceptance under the Offer for 4,000

shares, corresponding to 0.0036% of the share capital and voting rights in the

Company.

Following these acceptances, the Offeror has received acceptances for a total of

62,142 shares and votes in Q-Free. In addition, the Offeror owns a total of

50,258,397 shares in the Company, representing 46.44% of the shares and votes in

the Company, for an aggregate holding of shares and rights to shares in the

Company of 46.50%. The foregoing percentages have been calculated based on

108,216,534 issued shares in Q-Free ASA.

The Offeror is represented on the Board of Directors of Q-Free and is therefore

considered a primary insider of the Company.

This notification has been submitted pursuant to the Securities Trading Act

section 4-2.