Q-Free ASA - Share Issue/Capital Change 2021

Q-Free: Share capital increase registered

Reference is made to stock exchange release 13 January 2021, related to

conversion notices for the subordinated Convertible Bond Loan issued by Q-Free

ASA 18 May 2020.

The share capital increase has now been registered in the Norwegian Register of

Business Enterprises.

Q-Free ASA's new share capital is NOK 41,122,282,92 divided into 108,216,534

shares with a par value of NOK 0.38 per share. Each share gives one vote at the

Company's general meeting.

The new shares will be issued on a separate ISIN until a listing prospectus for

the new shares has been approved by the Norwegian Financial Supervisory

Authority and published by the Company.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Interim CFO, Trond Christensen: +47 481 02 754

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

About Q-Free:

Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation

systems that improve traffic flow, road safety, and air quality. With an open,

collaborative approach to tolling, traffic and active transportation management,

Q-Free works with customers and partners on every continent to digitize

infrastructure and overcome modern mobility challenges for the greater good of

society. Headquartered in Trondheim, Norway, Q-Free has annual revenues of

approximately 1 billion NOK and employs approximately 400 transportation

innovators, experts, and enthusiasts. To learn more about how Q-Free is changing

the movements of life, visit www.q-free.com or Twitter:@Q-FreeASA.

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