Q-Free: Thale Kuvås Solberg appointed Chief Executive Officer

(Bergen/Trondheim, 30 June 2022). The Board of Directors of Q-Free ASA (Q-Free,
OSE: QFR) today announces the appointment of Thale Kuvås Solberg as Chief
Executive Officer (CEO).

"We are delighted to announce Thale Kuvås Solberg as the new CEO of Q-Free.
Thale brings vast experience and a proven track record on global business
development with focus on growth, recurring revenue business models and
sustainability. We are confident that Thale, together with the Q-Free executive
management team and supported by the Board of Directors, will capitalize on the
restructured growth platform to improve traffic flow, road safety, and air
quality, and forcefully implement the strategy to profitably scale the
business", says Trond Valvik, Chair of the Board of Q-Free.

Thale Kuvås Solberg comes from the position as Chief Delivery Officer in Volue
ASA, a listed international technology company, and brings vast experience from
JP Morgan, Ernst & Young Advisory and various executive positions in Sparebank 1
SMN. Solberg has also been a trusted board member in listed and unlisted
companies in various industries and holds a MSc from Norwegian School of
Economics (NHH) and University of Southampton.

"I have followed Q-Free's development over the years and the company has a great
potential in leveraging the global technology-leader position within exciting
market segments that matter to people. Q-Free has a broad opportunity to
capitalize on the technology investments and changes in business models carried
out during the last years in a fast-growing global market. Further, the company
has a unique sustainability position in its contribution to improved road and
travel safety and reduced traffic pollution and I look forward to work with the
Q-Free team to realize the growth strategy, "Thale Kuvås Solberg comments.

Thale Kuvås Solberg is expected to assume the position at latest at the end of
the fourth quarter of 2022.

As announced on 5 January 2022, Håkon Volldal is stepping down as CEO effective
as of 30 June. Until Solberg assumes the position as CEO, Trond Christensen will
function as Q-Free's interim CEO. Christensen joined Q-Free in November 2019 as
interim CFO and has since March 2021 served as the company's permanent CFO.

"The Board would again like to express its gratitude for Håkon Volldal's
relentless efforts to transform Q-Free over the last 6 years," Valvik concludes.

During the period Christensen serves as interim CEO, Arne Kristian Hoset will
function as interim CFO. Hoset joined Q-Free in September 2019 as Group
Financial Director.

For further information, please contact:
Trond Valvik: Chairman, [phone]
Trond Christensen: Interim CEO, [phone]

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 900 million NOK (100 MUSD) and employs approximately 350
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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