Increase of share capital - Q-Free ASA

The Board of Directors of Q-Free ASA approved in a board meeting 28.
April 2010 to increase the share capital with NOK 73,308.84. The
increase of the share capital is carried out according to proxy by
issuance of 192,918 new shares at par value NOK 0.38. The share capital
will increase from NOK 22,820,554.96 to NOK 22,893,863.80 after the
share capital increase has been registered in Norwegian Register of
Business Enterprises.

The increase of the share capital is approved in relation to the
completion of the acquisition of the Dutch company Dacolian BV
(reference to stock exchange release dated 14. August 2008). Q-Free will
after the transaction own 100 % of Dacolian B.V.

A new press release will be published when the share capital increase
has been registered in the Norwegian Register of Business Enterprises.

Trondheim 28. April 2010.

For further information, please contact:
CEO Øyvind Isaksen, cell: +47 905 59 401
CFO Roar Østbø, cell: +47 932 45 175

About Q-Free
Q-Free is a leading global supplier of solutions and products for Road
User Charging and Traffic Surveillance having applications mainly within
electronic toll collection for road financing, congestion charging,
truck-tolling, law enforcement and parking/access control. Q-Free offers
solutions and products based on state of the art technology, and is the
leading supplier within DSRC (tag) - and ALPR (Automatic License Plate
Registration) and GNSS (Global Navigation Satellite System) based
solutions, with deliveries in Europe, Asia-Pacific, Middle East and
North- and South America. The company has appr. 300 employees in 11
locations and representatives in 7 other countries. Headquarter is based
in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange with
the ticker QFR.
http://www.q-free.com