Q-Free: Share option grants to executive management

26 Apr 2023 16:49 CEST

Q-Free ASA has granted a total of 1,350,000 share options to members of the
executive management, in a five-year share option program.

EVP Tolling, Fredrik Nordh, has been granted:

-200,000 share options with a strike of NOK 5.62
-150,000 share options with a strike of NOK 7.87
-150,000 share options with a strike of NOK 9.55

EVP Traffic Management, Daniel Skiffington, has been granted:

-200,000 share options with a strike of NOK 5.62
-150,000 share options with a strike of NOK 7.87
-150,000 share options with a strike of NOK 9.55

EVP Sustainability, People and Brand, Hege Sand, has been granted:

-150,000 share options with a strike of NOK 5.62
-100,000 share options with a strike of NOK 7.87
-100,000 share options with a strike of NOK 9.55

The share options will be vested during the next three years and can be
exercised from 26 April 2026, 2027 and 2028 respectively. The share option
program ends 26 April 2029.

CFO, Trond Christensen, is on an engagement contract via Christensen's
consultancy company and is included in other arrangements.

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 NOK 900 million 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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