Q-FREE - MANDATORY NOTIFICATION OF TRADE

AS Atlantis Vest has today bought 526,618 shares in Q-Free ASA, at an average
price of NOK 8,60 per share. The total shareholding of AS Atlantis Vest in Q
-Free ASA is 10,568,926 shares and represents 11.85% of the shares in the
Company.

Bergen, 16 August 2017.