Q-FREE ASA - FRAME AGREEMENT IN BRAZIL - POTENTIAL OF 109 MNOK

Q-FREE ASA - FRAME AGREEMENT IN BRAZIL - POTENTIAL OF 109 MNOK

Q-Free has been awarded a frame agreement for delivering tags and
infrastructure to Centro Gestão Meios de Pagto (CGMP) in Brazil valued
at 109 MNOK. Guaranteed order intake from this agreement will be 62
MNOK. CGMP is the largest tag distributor in Brazil and has been an
established customer of Q-Free since 1999.

- Q-Free is the undisputable market leader in the Brazilian tolling
market, having delivered approximately 2.2 million tags over the years.
The tag market in Brazil is expected to increase significantly in 2010
due to the fast growth of the Brazilian economy, CEO Øyvind Isaksen
comments.

Q-Free has a fully owned subsidiary in São Paulo, Brazil. The frame
agreement is expected to be delivered within the first quarter of 2011.

Trondheim 9th of February 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