TAG CONTRACT IN BRASIL - 26 MNOK

TAG CONTRACT IN BRASIL - 26 MNOK

Q-Free has been awarded an order for tags from CentroGestao Meios de
Pagto (CGMP) in Brazil valued at 26 MNOK.

This order is a call off from the earlier announced tag frameagreement
of 109 MNOK (9th of February 2010). This order implies that 88 MNOK have
been ordered of this frame agreement. 

- Tag orders represent an important underlying business for the company
and as such our activity in Brazil represents an important market.
Q-Free continues to be the dominating tag provider in this interesting
market, CEO Øyvind Isaksen comments. 

Q-Free has a fully owned subsidiary in São Paulo, Brazil. The order will
be delivered within the end of 2010.

Trondheim 30th of June 2010

For further information, please contact:

CEO Øyvind Isaksen, cell: +47 905 59 401

CFO Roar Østbø, cell: +47 932 45 175