Q-Free ASA - Remuneration Information 2017

Q-FREE - SHARE OPTIONS GRANTS

Q-Free ASA has granted a total of 1 392 053 share options to the following

primary insiders, in accordance with the incentive program for leading

executives adopted by the General Meeting 24 May 2017.

Tor Eirik Knutsen, CFO, has been granted 258 216 share options with a strike

price of NOK 8.52, 184 440 share options with a strike price of NOK 11.93, and

151 892 share options with a strike price of NOK 14.48. Knutsen has no shares in

Q-Free ASA.

Fredrik Nordh, SVP Europe, has been granted 228 991 share options with a strike

price of NOK 8.52, 163 565 share options with a strike price of NOK 11.93, and

134 700 share options with a strike price of NOK 14.48. Nordh has no shares in Q

-Free ASA.

Morten Andersson, SVP Americas, has been granted 117 371 share options with a

strike price of NOK 8.52, 83 836 share options with a strike price of NOK 11.93,

and 69 042 share options with a strike price of NOK 14.48. Andersson owns 17 700

shares in Q-Free ASA.

The options can be exercised from October 2020, 2021 and 2022 respectively. The

share option program ends 1 October 2023.

For further information, please contact:

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

About Q-Free

Q-Free is a leading global supplier of Intelligent Transportation Systems.

The company has approximately 420 employees, offices in 20 countries, and

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

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