Q-Free ASA - Share Issue/Capital Change 2014

Q-FREE - INCREASE IN SHARE CAPITAL

Trondheim/Oslo, 8 May 2014:The Board of Directors of Q-Free ASA approved

in a board meeting 7 May 2014 to increase the share capital with NOK

46.240,68. The increase in the share capital is carried out according to

proxy by issuance of 121.686 new shares with a par value of NOK 0.38.

The share capital will increase from NOK NOK 26.097.053,28 to NOK

26.143.293,96 after the share capital increase has been registered in

Foretaksregisteret (The Norwegian Company Register).

The increase in the share capital is approved in relation to the

completion of the acquisition of the Traffic Design in Slovenia

(reference to stock exchange announcement dated 23 April 2014).

A new press release will be published when the share capital increase

has been registered in Foretaksregisteret.

About Q-Free

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

Road User Charging and Advanced Transportation Management Systems. The

company has approximately 350 employees in 17 countries and is

represented on all continents. The company's main offices are in

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

ticker QFR.

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