Q-Free: Acceptances received under mandatory offer to acquire all shares in Q-Free ASA

20 Dec 2022 17:41 CET

Reference is made to the mandatory offer (the "Offer") from Rieber & Søn AS (the
"Offeror") to acquire all shares in Q-Free ASA ("Q-Free" or the "Company") at an
offer price of NOK 6.20 per share pursuant to an offer document dated 24
November 2022. On 20 December 2022, the Offeror has received acceptances under
the Offer for 464,524 shares.

Following these acceptances, the Offeror has received acceptances for a total of
2,779,570 shares and votes in Q-Free. In addition, the Offeror owns a total of
56,069,283 shares in the Company. The Offeror accordingly has an aggregate
holding of 58,848,853 shares and rights to shares in Q-Free, equal to
approximately 52,90% of the total number of 111,244,416 issued shares in the
Company.

The Offeror is a close associate of Trond Valvik, Chair of the board in Q-Free.

Please see attached notification form in accordance with the Market Abuse
Regulation article 19.

This notification has been submitted pursuant to the Securities Trading Act
section 5-12.

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578779_QFR_PDMR_notification_2022_12_20.pdf