Q-Free ASA - Major Shareholding Notification 2022

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

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") at an

offer price of NOK 6.20 per share pursuant to an offer document dated 24

November 2022. On 05 December 2022, the Offeror has received acceptances under

the Offer for 19,221 shares.

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

26,763 shares and votes in Q-Free. In addition, the Offeror owns a total of

56,069,283 shares in the Company. The Offeror accordingly has an aggregate

holding of 56,096,046 shares and rights to shares in Q-Free, equal to

approximately 50.43% of the total number of 111,244,416 issued shares in the

Company.

The Offeror is a close associate of Trond Valvik, Chair of the board in Q-Free.

Please see attached notification form in accordance with the Market Abuse

Regulation article 19.

This notification has been submitted pursuant to the Securities Trading Act

section 5-12.

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