Q-Free: Mandatory notification of trade. Substantial shareholding disclosure

10 Nov 2022 17:05 CET

(Bergen, 10 November 2022) Rieber & Søn AS has today, 10 November 2022,
purchased 1,000,000 shares in Q-FREE ASA at a price of NOK 6.20 per share.
Following the transaction, Rieber & Søn AS holds 56,069,283 shares in the
company, representing 50.40% of the total shares outstanding and voting rights.

As a result of the transaction, Rieber & Søn AS has an obligation to make a bid
for the purchase of the remaining shares in Q-FREE ASA under Chapter 6 of the
Norwegian Securities Trading Act, and Rieber & Søn AS intends to make such bid
within the four-weeks period set out in the Norwegian Securities Trading Act.

Rieber & Søn AS is represented in the board by Trond Valvik, the chairman in Q
-FREE ASA, and this notification is provided in accordance with MAR Article 19
and Section 4-2 in the Norwegian Securities Trading Act. The notification
form is included in the attachment.

More information:
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575430_QFR_PDMR_notification_2022_11_10.pdf