Q-FREE - MANDATORY NOTIFICATION OF TRADE

AS Atlantis Vest has today bought 1,027,000 shares in Q-Free ASA, at an average
price of NOK 8,80 per share. The total shareholding of AS Atlantis Vest in Q
-Free ASA is 11,785,926 shares and represents 13.21 % of the shares in the
Company.

Bergen, 18 August 2017.