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Regulatory press release

Q-Free: Tag contract in Thailand - 19 MNOK

Q-Free
Q-Free has received an order for tags from a customer in Thailand. The contract
has a value of approximately 19 MNOK and will be delivered during 2023 and 2024.

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 6 November 2023 at 16:00 CET.

For further information, please contact: Trond Christensen, CEO, +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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