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Regulatory press release

Q-Free: Contract for Traffic Light Controllers in the US - 16 MNOK

Q-Free
Q-Free has received an order for 600 2070LX traffic-light controllers in North
Carolina. The controllers will be delivered in 2023 and 2024 and have a value of
approximately 16 MNOK.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act.

This stock exchange announcement was published by Rita Bøe Isaksen, Board
Secretary in Q-Free ASA, on 05 December 2023 at 16:00 CET.

For further information, please contact:
Trond Christensen, CEO/CFO, +47 481 02 754

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 370
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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