Q-Free ASA — Share Issue/Capital Change 2016

Apr 11, 2016

Q-FREE - SHARE CAPITAL INCREASE REGISTERED

Q-FREE - SHARE CAPITAL INCREASE REGISTERED

Trondheim 11 April 2016:

Reference is made to stock exchange release 31 March 2016 related to an increase

in the share capital.

The new share capital is NOK 27,123,927.66 divided by 71,378,757 shares at par

value of 0.38 per share. The share capital is today fully registered in the

Norwegian Register of Business Enterprises.

For further information, please contact:

Acting CEO and CFO Roar Østbø: +47 932 45 175

About Q-Free

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

ITS market. The Q-Free Group has approximately 430 employees with offices in 20

countries and presence on all continents. The Q-Free head office is in

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

QFR.

www.q-free.com

Twitter: @Q-FreeASA