Q-FREE- MANDATORY NOTIFICATION OF TRADE

President and CEO of Q-Free ASA, HÃ¥kon Volldal, has through his private
investment company, Bright Future AS, today purchased 25,000 shares in Q-Free
ASA at an average price of NOK 8.00 per share. Volldal controls 125,000 shares
and holds 630,828 share options in Q-Free ASA after the transaction.

Trondheim, 9 May 2018